|Nvidia: Did You Feel the Ground Shake, Too? |
By Johanna Bennett
Nov. 10, 2017 11:21 a.m. ET
Shares of Nvidia ( NVDA) hit an all-time record high today after the chip maker delivered third quarter financial results that crushed Wall Street’s expectations in an upside surprise that Mark Lippacis at Jefferies called “tectonic.”
Illustration: Bloomberg News
Can you feel the ground moving beneath your feet? Nvidia’s share price has more than tripled in value over the past 12 months, making for a eye-popping valuation. Still, the shake, rattle and roll generated by last night’s earnings report impressed, and in some cases silenced, some big bears.
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