NVIDIA Stock Soars After Blowout Earnings

NVIDIA Corporation (NASDAQ:NVDA) reported its fiscal Q2 results on August 26th, exceeding Wall Street expectations. The company's data-center revenue rose 117% to $89 billion.

The impressive earnings led several analysts to raise their price targets for NVIDIA stock. Wedbush lifted its target to $315.00 from $300.00.

Institutional investors also showed significant interest in the company, with Waddell & Associates LLC increasing its holdings by 16.4% during Q2. The fund now owns approximately 78,458 shares of NVIDIA stock, valued at $15,699,000.