NVIDIA Stock Is Set to Soar on Artificial Intelligence's Next Huge Waves of Applications
NVIDIA (NASDAQ: NVDA) reported third-quarter fiscal 2020 results after the market closed last Thursday. The graphics processing unit (GPU) specialist's revenue fell 5% year over year to $3.01 billion, and earnings per share (EPS) adjusted for one-time items slipped 3% to $1.78.
Year-over-year declines were expected due to temporary issues in the company's gaming and data center businesses that began about a year ago. On the positive side, both the top and bottom lines were up solidly from the second quarter. Moreover, strong year-over-year growth is on track to resume in the fourth quarter.
Earnings releases only tell part of the story. NVIDIA's Q3 earnings call left me feeling even more confident that its stock is poised to be a big long-term tech stock winner from here. Here are three artificial intelligence (AI) topics from the call that you should know about.
Source Fool.com
