Nvidia Corp. reported quarterly revenue of $96.22 billion, exceeding the $91.90 billion consensus and more than doubling from the prior year. Adjusted earnings per share came in at $2.22 versus a $2.08 estimate, while adjusted gross margin expanded to 75%, up 250 basis points year-over-year. The company guided to third-quarter revenue of $108.0 billion, a 2% range around the midpoint that also surpassed the $105.16 billion forecast.
Shares of Nvidia, valued near $5 trillion, initially slipped 1.5% in after-hours trading following the Wednesday release before rebounding around 6% in pre-market activity. The stock trades at 32.5 times trailing earnings with a beta of 2.22, according to InvestingPro’s quantitative models, which estimate a fundamental fair value of $260.05.
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