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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 | |
---|---|---|---|---|---|---|---|---|---|---|
5.23 | 0.66% | 802.00 | 801.12 | 801.99 | 200,579 | 10:57:58 |
By Adriano Marchese
Shares in NVIDIA Corp. rose in late trading on Monday after the company said it expects revenue in the first quarter of fiscal 2022 to be above its previous outlook, benefiting from outperformance in each of its market platforms.
At 2:22 p.m. EST, shares were up 6.1% at $611.11.
The technology company said it is experiencing a broad-based strength in the period ending May 2, and that revenue is tracking above the $5.3 billion outlook provided in late February.
"We expect demand to continue to exceed supply for much of this year. We believe we will have sufficient supply to support sequential growth beyond the first quarter," Chief Financial Officer Colette Kress said.
Write to Adriano Marchese at adriano.marchese@wsj.com
(END) Dow Jones Newswires
April 12, 2021 14:42 ET (18:42 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
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