After the market’s closing bell on Wednesday, NVIDIA's shares surged by an impressive 6% in extended trading.
The company has shattered estimates for its fiscal second quarter, while also sharing a highly optimistic outlook for the current period.
The chipmaker reported earnings of $2.70 per share, surpassing the anticipated $2.09 per share according to Refinitiv.
Revenue also exceeded predictions, with NVIDIA earning $13.51 billion compared to the estimated $11.22 billion.
Net income skyrocketed from $656 million, or 26 cents per share, a year ago to an impressive $6.19 billion, or $2.48 a share, this quarter.
Revenue doubled from the previous year to $6.7 billion, marking an 88% increase from the previous quarter.
