Nvidia Corp (NASDAQ:NVDA) investors have no shortage of reasons to continue bidding up NVDA stock. Primarily, the semiconductor stalwart – known for its advanced graphics processors that undergird artificial intelligence-based platforms and applications – recently posted financial results for the third quarter that handily beat expectations.
Management disclosed earnings per share of 81 cents, outpacing Wall Street's expectation calling for 75 cents. Notably, the tech firm beat its bottom-line target for eight straight quarters. On the top line, Nvidia rang up sales of $35.1 billion, up 94% on a year-over-year basis. This tally also exceeded the consensus view of $33.12 billion.
