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Here's Why NVIDIA Stock Jumped Today

TheMotleyFool

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Here's Why NVIDIA Stock Jumped TodayPhoto, wide shot, wide-angle lens, Cloud computing provider, sunset photo at golden hour, photo by Thomas Heaton: https://img.theapi.app/temp/8d7b6619-8b3b-4e9e-b659-68643d72528e.png

Shares of NVIDIA (NASDAQ: NVDA) climbed 5% on Friday, as investors grew more optimistic about the chipmaker's growth prospects.

NVIDIA delivered impressive growth in its fiscal 2022 first-quarter results on Wednesday. Its revenue surged 84% to $5.66 billion, fueled by a 106% rise in gaming sales and a 79% jump in data center revenue. Its earnings per share, in turn, soared 106% to $3.03.

Yet despite the impressive performance, the semiconductor titan's stock fell 1.4% on Thursday.

Source Fool.com

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