Nvidia Exceeds Revenue Expectations in Q1
Nvidia (NASDAQ: NVDA) reported a remarkable 85% year-over-year growth in revenue for Q1 2023, reaching $81.6 billion, surpassing the anticipated $78 billion by approximately $3.6 billion. Despite this impressive performance, Nvidia’s stock saw a decline of over 4% during the week ending Friday.
The company’s quarter-over-quarter growth was noteworthy as well, with a 20% increase compared to the previous quarter, suggesting strong momentum in its business. As the largest company in the world by revenue, Nvidia continues to stand out in the tech sector, particularly as the demand for artificial intelligence technology increases.
5 Stocks Our Experts Predict Could Double In the Next Year
By submitting your email, you'll also get a free pivot & flow membership. A free daily market overview. You can unsubscribe at any time.
