Live Trading With David Green is a morning trading show in which David live trades the open on Benzinga. “We will get a lot of action once we have earnings coming out.” The stock will undergo a 4-for-1 stock split Tuesday morning.ĭavid Green, host of Live Trading With David Green on Benzinga, pointed out the strong trend in NVIDIA's stock on Monday's show. The stock opened $10 lower on Monday morning but quickly ripped higher by 6% in the first 90 minutes of trading. In turn, its adjusted EPS climbed 49% to $1.36.Veteran trader David Green pointed out the strength of NVIDIA Corporation (NASDAQ: NVDA) Monday morning. Its non-GAAP operating income increased 55% from the prior-year quarter to $3.96 million. This significant growth was driven by an 83% rise in data center sales to $3.75 billion and a 31% increase in gaming revenue to $3.62 billion. NVDA's revenue has increased 46% year-over-year to $8.29 billion in the third quarter, ended May 1, 2023. The company blamed diminished revenue in Russia and COVID-19-related production shutdowns in China. In addition, the stock was down nearly 5.5% in late trading yesterday after the chipmaker issued a softer-than-expected outlook for the July quarter. While the company's shares are up 8.5% in price over the past year, the stock is down 42.3% year-to-date, closing yesterday's trading session at $169.75. Its products are used in gaming devices, data centers, and automobiles. The company operates in two segments: Graphics and Computing and Networking. Santa Clara, Calif.-based NVIDIA Corporation ( NVDA ) is a leading semiconductor and networking solutions firm located in the United States. So, let's evaluate if it is worth betting on the stock now. Despite posting impressive third-quarter earnings results, semiconductor chipmaker NVIDIA's (NVDA) shares plunged nearly 5% in price in late trading yesterday, owing to its weaker-than-expected outlook for the coming quarter.
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