NVIDIA (NVDA) PT Raised to $450 at Morgan Stanley, 'guides to the largest $ revenue upside in industry history'

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NVIDIA Announces Financial Results for First Quarter Fiscal 2024

May 24, 2023 4:20 PM EDT

Quarterly revenue of $7.19 billion, up 19% from previous quarterRecord Data Center revenue of $4.28 billionSecond quarter fiscal 2024 revenue outlook of $11.00 billion

SANTA CLARA, Calif., May 24, 2023 (GLOBE NEWSWIRE) -- NVIDIA (NASDAQ: NVDA) today reported revenue for the first quarter ended April 30, 2023, of $7.19 billion, down 13% from a year ago and up 19% from the previous quarter.

GAAP earnings per diluted share for the quarter were $0.82, up 28% from a year ago and up 44% from the previous quarter. Non-GAAP earnings per diluted share were $1.09,... More