The company also issued guidance for Q4 that was higher than analyst expectations. Revenue was $7.1 billion versus the $6.83 billion estimate. Earnings per share came in at $1.17 versus the $1.10 estimate. Nvidia reported earnings after the close on Wednesday. It includes Nvidia, Texas Instruments, Taiwan Semiconductor, Broadcom, Qualcomm, Intel, AMD, etc. The Philadelphia Semiconductor Index is a market-cap-weighted index of the 30 largest companies involved in the semiconductor industry. Nvidia has outperformed the sector as we can see below versus the benchmark Philadelphia Semiconductor Index (SOX). Chip stocks have been strong this year, so the reaction to a further strong earnings report will be key to see if this strength can be maintained. Nvidia shares actually fell on the regular session, closing down over 3% at $292.61. Nvidia looks set to open strongly on Thursday as the chip manufacturer reported a strong set of earnings after the close last night. NVDA stock up 6% in premarket as all-time high eyed.Nvidia still running into problems with the proposed ARM deal.Nvidia surges after earnings report with top and bottom line beats.
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