Jim Cramer Explained What Turned The Tide For NVIDIA Corporation (NASDAQNVDA)s Stock

Image for article Jim Cramer Explained What Turned The Tide For NVIDIA Corporation (NASDAQNVDA)s Stock
News Source : Yahoo Entertainment

News Summary

  • NVIDIA Corporation (NASDAQ:NVDA) reported its fiscal Q2 earnings on August 26th and posted $96 billion in revenue and $2.46 in earnings per share to beat analyst estimates.
  • The firm's data center revenue surged by a strong 117% annually to sit at $89 billion.
  • But the firm's free cash flow in the quarter dropped to $21.3 billion in the second quarter for a hefty drop over the year-ago figure of $48.6 billion.
NVIDIA Corporation (NASDAQNVDA)s earnings report saw a rather mixed reaction to the stock. While the shares surged in premarket trading the day after, on Friday, they closed 4.6% lower.

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