Breaking News: NVIDIA Corporation Stock Soars Amidst Strong Earnings

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May 23, 7:33 AM GMT-4 USD NASDAQ - Shares of NVIDIA Corporation (NVDA) have seen a significant surge this morning, reaching a new all-time high in pre-market trading.

Key Details

As of 10:10 AM EDT, NVIDIA's stock is trading at $245.50 per share, up 7.5% from yesterday's close. The company released strong first-quarter earnings results after the bell on Thursday, beating analyst expectations.

NVDA's revenue for the quarter was $8.41 billion, an increase of 46% year-over-year. Net income rose by 65% to $3.66 billion. The company's strong performance was driven by increased demand for its gaming, data center, and artificial intelligence products.