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Nvidia Continues To Lead The Way But Competition Is Intensifying

Benzinga ·  12:05

On Wednesday, Nvidia Corporation (NASDAQ:NVDA) issued a better-than-expected fiscal second quarter report. However, its shares fell after the report, but still remain about 150% up for the year as Nvidia continues to serve big companies like Microsoft (NASDAQ:MSFT), Amazon.com Inc (NASDAQ:AMZN) Alphabet (NASDAQ:GOOG)(NASDAQ:GOOGL), Meta Platforms (NASDAQ:META) and Tesla Inc (NASDAQ:TSLA).

Second Quarter Highlights

For the quarter ended in July, Nvidia reported its revenue surged 122% on a YoY basis as it topped $30 billion. After three straight quarters of YoY growth surpassing 200%, revenue of $30.04 billion still surpassed LSEG's estimate of $28.7 billion...

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