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Share Name | Share Symbol | Market | Type |
---|---|---|---|
NVIDIA Corporation | NASDAQ:NVDA | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
28.05 | 3.27% | 886.22 | 880.01 | 889.40 | 892.81 | 870.4001 | 877.47 | 39,833,866 | 05:00:08 |
By Colin Kellaher
Shares of Nvidia Corp. rose more than 6% in premarket trading Friday after the graphics chip maker posted fiscal fourth-quarter results that topped Wall Street's expectations and said its first-quarter revenue would also exceed estimates.
The Santa Clara, Calif., company got a boost from strong gaming revenue and record sales to data centers that use its hardware in artificial-intelligence calculations.
Analysts at Susquehanna International Group raised their price target on the company's shares to $330 from $310, saying Nvidia's data-center AI story "is back on track."
Nvidia shares, which closed Thursday at $270.78, were up 6.4% to $288.09 in premarket trading Friday.
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
February 14, 2020 06:42 ET (11:42 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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