NVIDIA Corporation (NVDA.US) delivered better-than-expected results for its first fiscal quarter ended April, driven by vigorous AI demand, Citi said in its report. The broker is awaiting management's comments during the earnings conference call. The rating is Buy with a target price of USD300.NVIDIA reported first fiscal quarter revenue/non-GAAP EPS of USD81.6 billion/USD1.87, topping Citi's estimates of USD80.1 billion/USD1.76 and market expectations of USD78.9 billion/USD1.75. (Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)Related NewsBuilding Permits MoM Prel for Apr in the United States is 5.8%, higher than the previous value of -11.5%.
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