Nvidia Stock Rises on Solid Earnings and Strong Outlook

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Nvidia reported solid earnings late Wednesday and provided a revenue forecast for the April quarter that was ahead of expectations.

For its January quarter, the semiconductor company reported adjusted earnings per share of 89 cents, compared to Wall Street’s consensus estimate of 85 cents, according to FactSet.

Revenue was $39.3 billion, ahead of analysts’ expectations for $38.1 billion.