Stocks
Nvidia Stock Skyrockets on Record-Breaking Q2 Earnings
Nvidia's Q2 earnings announcement has sent its stock soaring, bringing the company's market cap close to $5.5 trillion.
The results beat expectations with a 106 percent revenue growth in the three months ended July 26, reaching $96.2 billion and surpassing analyst forecasts.
The data center business was at the heart of Nvidia's record-breaking quarter, with a 117-percent increase in revenue versus last year and accounting for more than 90 percent of total sales.