5/11/2023 0 Comments Nvda stock forecast 2023![]() ![]() With new GPU, CPU, DPU, and robotics processors ramping up in the second half, Nvidia is preparing for the largest wave of new products in its history. The success of the effectiveness of deep learning in automating intelligence is driving corporations across industries to use Nvidia for AI computing. Even as Gaming had a great quarter, Data Center has become the company’s largest platform. In the face of a tough macro environment, Nvidia generated record results in Data Center and Gaming. ![]() ![]() The company’s outstanding performance in the core gaming and data center markets is the main reason for exceeding expectations. The GAAP EPS was $0.64, down 16% year-over-year and 46% quarter-over-quarter. However, the termination of Arm Limited acquisition from SBG due to significant regulatory challenges caused a $1.35 billion charge, negatively impacted Nvidia’s GAAP earnings per diluted share (GAAP EPS) for the quarter. Non-GAAP EPS was up 49% year-over-year and 3% quarter-over-quarter. Reported non-GAAP earnings per diluted share (non-GAAP EPS) of $1.36 for the quarter also beats analysts’ expectations, representing a 5.4% surprise. ![]()
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