Market's hottest stock Nvidia set to hit all-time high as Wall Street loves gaming, A.I. results
https://www.cnbc.com/2017/11/10/nvidia-set-to-hit-all-time-high-as-wall-street-loves-results.html
Nvidia shares are surging as Wall Street is growing more bullish on the company's opportunities in key secular growth markets. The chipmaker reported better-than-expected fiscal third-quarter earnings and guidance Thursday.
Its data center segment sales, where its cards are used for machine learning and artificial intelligence applications, came in at $501 million versus the $461 million Wall Street consensus FactSet estimate. Gaming-related sales also beat expectations with $1.56 billion in revenue versus the $1.28 billion estimate.