Nvidia (NVDA) stock rose to a nearly four-year high Thursday after the chipmaker posted fiscal Q4 earnings late Wednesday that beat analyst consensus estimates, helped by its transition into something more than a graphics chip company. Earnings per share minus items for the quarter ended Jan. 25 rose 40% from the year-earlier quarter to 35 cents a share. Revenue rose 9% to $1.25 billion. Santa Clara, Calif.-based Nvidia supplies graphics
Nvidia (NVDA) stock is breaking out after a stellar quarterly earnings report late Wednesday. But one of its tech partners, Tesla Motors (TSLA), is sinking on a surprise loss. Watch this video for chart analysis of the graphic processing units designer and the electric car maker. Follow Alissa Williams on Twitter: @IBD_AWilliams.
With all the chips, cameras, entertainment systems and safety features going into today’s cars, they’re on their way to becoming a big part of the emerging Internet of Things. What stocks relate to the “connected cars” trend? A few connected-car stocks with high IBD Composite Ratings are Ambarella (AMBA), IBD Leaderboard stock NXP Semiconductors (NXPI), Skyworks Solutions (SWKS) and Nvidia (NVDA). All have moved up in the stock market lately. NXP