Nvidia shares explode after 1Q earnings beat. Here’s how to play it
Market Movers rounded up the best reactions from investors and analysts after Nvidia shares exploded higher on Thursday. The experts, including Jim Cramer , discussed the chipmaker as the stock skyrocketed 24% to hit a new 52-week high. Nvidia beat estimates on both the top and bottom lines when it reported after the closing bell Wednesday. The company also forecasted $11 billion in sales for the current quarter, give or take 2%, thanks to demand for artificial intelligence chips. Thursday’s stock price move brought its market cap closer to the trillion-dollar club, which includes the likes of Apple , Microsoft , Apple and Amazon . Nvidia is currently held in Cramer’s Charitable Trust portfolio.
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