Bumper Earnings Likely to Boost Nvidia Further

$2.50 EPS Has Driven All Major Analysts’ Targets Higher

Nvidia Corp’s earnings report for the fiscal third quarter on Wednesday 23 August was notably better than expected, leading to significant gap up by NVDA the day after and a fresh all-time intraday high around $511. This article summarises the key data from Nvidia’s earnings report and takes a quick look at the chart to consider how the price might continue moving.

$2.50 earnings per share compared to the consensus of $1.80 was a…