Nvidia’s Profit, Share Price Rise
Nvidia Corp. reported solid quarterly results and upbeat guidance, a sign that the company is taking market share in chips for laptops and enjoying strong demand for game consoles and other products.
The company’s shares surged in after-hours trading Thursday.
Nvidia swung to a profit in the second quarter and predicted revenue in the current quarter would grow 4% to 6%, while analysts had called for growth of 4%.