Shares of semiconductor stocks, including NVIDIA Corporation (NASDAQ:NVDA), are trading higher in sympathy with QUALCOMM, Inc. (NASDAQ:QCOM), which reported better-than-expected second-quarter EPS and sales results.
Qualcomm reported fiscal second-quarter revenue of $11.16 billion, which beat the $10.6 billion estimate. The company reported quarterly adjusted earnings of $3.21 per share, which beat the estimate of $2.91 per share… Read More
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Nvidia’s chips are used in a variety of end markets, including high-end PCs for gaming, data centers and automotive infotainment systems.
According to data from Benzinga Pro, Nvidia is trading higher by 4.02% at $191.55. Nvidia has a 52-week high of $346.47 and a 52-week low of $134.59.
