NVIDIA Corporation (NVDA) reported a record quarterly sales of $68.1 billion for Q2 2023, a 73% increase year-over-year, along with an adjusted EPS of $1.62, marking an 82% rise from the previous year. Notably, Data Center sales reached $62.3 billion, reflecting a 75% year-over-year growth and a 22% sequential increase.
CEO Jensen Huang projected that NVIDIA’s overall sales could hit $1 trillion by 2027, indicating strong momentum in their business operations. The company currently holds a favorable Zacks Rank of #2 (Buy), influenced by positive earnings expectations and robust market conditions.
