In turn, its adjusted EPS climbed 49% to $1.36. Its non-GAAP operating income increased 55% from the prior-year quarter to $3.96 million. Estimated return represents the projected annual return you might expect after purchasing shares in the company and holding them over the default time horizon of 5 years, based on the EPS growth. This significant growth was driven by an 83% rise in data center sales to $3.75 billion and a 31% increase in gaming revenue to $3.62 billion. NVDA's revenue has increased 46% year-over-year to $8.29 billion in the third quarter, ended May 1, 2023. The company blamed diminished revenue in Russia and COVID-19-related production shutdowns in China. In addition, the stock was down nearly 5.5% in late trading yesterday after the chipmaker issued a softer-than-expected outlook for the July quarter. While the company's shares are up 8.5% in price over the past year, the stock is down 42.3% year-to-date, closing yesterday's trading session at $169.75. NVIDIA Corporation (NASDAQ: NVDA) stock closed at 120.76 per share at the end of the most recent trading day (a -8.03 change compared to the prior day closing price) with a volume of 66.27M shares and market capitalization of a component of S&P 500, NASDAQ 100, Russell 1000 indices and it is traded on NASDAQ exchange. Its products are used in gaming devices, data centers, and automobiles. The company operates in two segments: Graphics and Computing and Networking. Santa Clara, Calif.-based NVIDIA Corporation ( NVDA ) is a leading semiconductor and networking solutions firm located in the United States. So, let's evaluate if it is worth betting on the stock now. Despite posting impressive third-quarter earnings results, semiconductor chipmaker NVIDIA's (NVDA) shares plunged nearly 5% in price in late trading yesterday, owing to its weaker-than-expected outlook for the coming quarter.
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