US Stock Market News: NVIDIA Valuation Hits 2019 Lows Despite Profit Doubling
In US Stock Market News, NVIDIA released its fiscal 2027 second quarter financial results after market close on Wednesday, achieving record revenue of $96.2 billion, up 106% year over year, while adjusted earnings per share climbed 120% to $2.22. The chipmaker's valuation has reached levels not seen since early 2019, trading at less than 27 times earnings—a significant shift given the company's doubled profitability.
NVDA-3.03%
GateUsMarkets·08-27 03:31




