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2021-11-25

Why Nvidia Stock Bounced Back Today

What happened Shares of graphicssemiconductor supplier Nvidia(NASDAQ:NVDA)recovered from their mini

Why Nvidia Stock Bounced Back Today

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And that at least implies further strong demand for Nvidia's chips.</p>\n<p>Dell reported adjusted earnings of $2.37 per share for its fiscal third quarter, well ahead of consensus predictions for $2.18, and similarly strong outperformance on sales.HP outperformed similarly, reporting a $0.94 per share profit when Wall Street had only expected $0.88, and HP announced better than expected sales as well.</p>\n<p>Now what</p>\n<p>Dell's co-chief operating officer, Chuck Whitten, noted that the company is already \"three quarters into what will prove to be a historic year,\" and chief financial officer Tom Sweet expressed optimism about the company's long-term prospects.</p>\n<p>The&nbsp;Fly.com&nbsp;noted yesterday that HP chief executive officer Enrique Lores went so far as to predict that the PC business will continue \"strong for the foreseeable future.\"</p>\n<p>What's good for companies that build Nvidia chips into their PCs will logically be good for the maker of those chips as well. 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And that at least implies further strong demand for Nvidia's chips.\nDell reported adjusted earnings of $2.37 per share for its fiscal third quarter, well ahead of consensus predictions for $2.18, and similarly strong outperformance on sales.HP outperformed similarly, reporting a $0.94 per share profit when Wall Street had only expected $0.88, and HP announced better than expected sales as well.\nNow what\nDell's co-chief operating officer, Chuck Whitten, noted that the company is already \"three quarters into what will prove to be a historic year,\" and chief financial officer Tom Sweet expressed optimism about the company's long-term prospects.\nThe Fly.com noted yesterday that HP chief executive officer Enrique Lores went so far as to predict that the PC business will continue \"strong for the foreseeable future.\"\nWhat's good for companies that build Nvidia chips into their PCs will logically be good for the maker of those chips as well. 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Why Nvidia Stock Bounced Back Today

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