Nvidia Shares Rise Following Strong Earnings Report
Nvidia shares rose after the chip maker reported strong quarterly results and projected continued growth in data center revenue. Meanwhile, US PCE inflation came in slightly hotter than anticipated ahead of the Federal Reserve Jackson Hole symposium.
Xurve View
Insights:
Xurve View
NVIDIA CORP shares rose 5% overnight after reporting quarterly results that beat estimates and showed data center revenue more than doubled over the past year. The chipmaker also projected 70% sales growth in 2027. The strong performance came as United States PCE inflation ran slightly higher than anticipated. The data arrived ahead of the Federal Reserve's annual Jackson Hole symposium.
