$NVIDIA(NVDA.US) +4.5% post market after reporting 3Q results that exceeded expectations, and posting 4Q rev guidance that also beat expectations. NVDA’s beat and raise will help offset concerns that the global surge in AI spending is slowing down. Other AI names moved higher in sympathy: $Broadcom(AVGO.US) +2.2%, $AMD(AMD.US) +3.2%, $Marvell Tech(MRVL.US) +2.6%, all post-mkt.
NVDA 3Q:- Revs $57.0B (+62% YoY) vs $55.2B (+57% YoY) exp- Adj EPS $1.30 vs $1.26 exp- Adj operating margin 66.2% vs 65.9% est4Q guide:- Revs $65B vs $62B estCEO Jensen Huang: “AI is going everywhere, doing everything, all at once.”The copyright of this article belongs to the original author/organization.
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