Citi: Nvidia's Quarterly Results and Revenue Guidance Both Exceed Expectations, 'Buy' Rating Given
3 hour ago / Read about 0 minute
Author:小编   

Citi stated that driven by strong AI demand, Nvidia's financial results for the first fiscal quarter ending in April exceeded expectations. In this quarter, Nvidia's revenue reached USD 81.6 billion, with non-GAAP earnings per share of USD 1.87, both surpassing Citi's estimates of USD 80.1 billion and USD 1.76, as well as market expectations of USD 78.9 billion and USD 1.75. Citi assigns a 'Buy' rating to Nvidia with a target price of USD 300.