Why NVIDIA Stock Climbed 26% in August
NVIDIA (NASDAQ: NVDA) delivered robust operating results when it reported its fiscal second-quarter earnings on Aug. 19. Investors loved it, sending the stock up 26% for the month, according to data provided by S&P Global Market Intelligence.
For the quarter, revenue increased by 50% year over year to $3.86 billion led by tripled-digit growth in the data center business, which benefited from the inclusion of Mellanox, a provider of networking products and solutions for data centers, which NVIDIA recently acquired for $7 billion.
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Source Fool.com
