Why Nvidia is powering forward

The technology company Nvidia is one of the most critical stocks in the world. It is by far the most actively traded stock in the market.

After the market closed on Wednesday, the company reported strong numbers for both earnings and revenues. Nvidia earned 68 cents against market expectations of 64 cents. On the revenue side, Nvidia generated revenues of $30.04 billion, a growth rate of 122%. The market anticipated a revenue number of $28.7 billion. As for the all important data center segment of Nvidia’s revenues, that too exceeded projections by analysts. It did so by over $1 billion.