Historical Stock Chart
1 Month : From Jan 2020 to Feb 2020
By Colin Kellaher
Shares of Nvidia Corp. rose more than 6% in premarket trading Friday after the graphics chip maker posted fiscal fourth-quarter results that topped Wall Street's expectations and said its first-quarter revenue would also exceed estimates.
The Santa Clara, Calif., company got a boost from strong gaming revenue and record sales to data centers that use its hardware in artificial-intelligence calculations.
Analysts at Susquehanna International Group raised their price target on the company's shares to $330 from $310, saying Nvidia's data-center AI story "is back on track."
Nvidia shares, which closed Thursday at $270.78, were up 6.4% to $288.09 in premarket trading Friday.
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(END) Dow Jones Newswires
February 14, 2020 06:42 ET (11:42 GMT)
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