Can Nvidia Hit $850 This Week After Earnings Blowout?
NVIDIA's quarterly revenue was $22.1 billion, surpassing the expected $20.62 billion. EPS was $5.15, remarkable 486% year-over-year, also exceeding the expected $4.64. NVDA also provided very optimistic guidance. The CEO stated that demand will continue into 2025 and beyond.
Most chip stocks like SMCI, AMD, ARM rise in the extended market after Nvidia's earnings beats.
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Can Nvidia hit $850 this week?
Which chip stock will perform best after Nvidia's earnings?
What's your pick?