NVIDIA exceeds earnings expectations with robust Q3 performance, hits new all-time high in pre-market trading

exchange68September 12, 2024

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Quick Take

NVIDIA’s latest Q3 earnings report showcased stronger performance than anticipated, with a revenue of $18.12 billion, outpacing the expected $16.18 billion. Similarly, earnings per share (EPS) stood at $4.02 on an adjusted basis, exceeding the forecasted $3.37 as reported by CNBC.

NVIDIA’s stock has shown resilience and is currently trading upwards at $506 per share in the pre-market trading, up 1.3%.

The company’s shares have escalated by more than 248% year-to-date. With a current market capitalization of approximately $1.2 trillion, these figures underline NVIDIA’s robust position in the market.

NVIDIA Share Price: (Source: Trading View)

Analyst

James Van Straten

Former Lead Analyst at CryptoSlate

James fervently appreciates data, technology, and trend-spotting. As a tech and liberty maximalist, he hails Bitcoin as the 21st century’s paramount invention.

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