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Nvidia Stock Soars as AI-Powered Earnings and Guidance Crush Estimates (Again!)

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Nvidia Stock Soars as AI-Powered Earnings and Guidance Crush Estimates (Again!): https://g.foolcdn.com/editorial/images/745219/nvda-stock-earnings-q2-ai-stocks.jpg

Shares of Nvidia (NASDAQ: NVDA) are up 8.1% in after-hours trading on Wednesday as of 5:36 p.m. ET following the graphics chip specialist's release of its report for the second quarter of fiscal 2024 (ended July 30).

The stock's surge is attributable to the quarter's revenue and earnings crushing Wall Street's consensus estimates and management's Q3 guidance for both the top and bottom lines also demolishing analysts' expectations.

Data source: Nvidia. GAAP = generally accepted accounting principles. Fiscal Q2 2024 ended on July 30, 2023.

Source Fool.com

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