Nvidia: shares rise ahead of second-quarter results
(CercleFinance.com) - Shares of Nvidia rallied on Tuesday as traders kept on buying the chipmaker's shares ahead of its quarterly results on Thursday.
The designer of graphic processing units has been an investor darling for the last two years, helped by growing demand for data centers, and strength in emerging markets, such as artificial intelligence or connected vehicles.
The share price has increased almost five-fold over the past two years. Since the beginning of 2018, it has risen by almost 35%.
The company will publish its second-quarter results after the market closes on Thursday 16 August.
"Expectations are not challenging and we can reasonably expect a beat, while the outlook in gaming is likely to go from strength to strength," New Street Research wrote today.
"On that basis we particularly recommend the stock for the next 3-6 months," the independent research house said.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
The designer of graphic processing units has been an investor darling for the last two years, helped by growing demand for data centers, and strength in emerging markets, such as artificial intelligence or connected vehicles.
The share price has increased almost five-fold over the past two years. Since the beginning of 2018, it has risen by almost 35%.
The company will publish its second-quarter results after the market closes on Thursday 16 August.
"Expectations are not challenging and we can reasonably expect a beat, while the outlook in gaming is likely to go from strength to strength," New Street Research wrote today.
"On that basis we particularly recommend the stock for the next 3-6 months," the independent research house said.
Copyright (c) 2018 CercleFinance.com. All rights reserved.