NVIDIA (NVDA), an American worldwide technology company manufacturing graphics processing units (GPUs), as well as system on a chip units (SOCs), recently released a strong financial report for 3Q16. Revenue rose 6.5% y-o-y to USD 1.31 bn, outpacing expectations by 11%. Sales of new GPUs for both desktop and notebook computers, and for smartphones and tablets were also growing. Adjusted EPS jumped 18% y-o-y to USD 46 cents, outstripping the consensus by 33%. The company continues to buy back shares and spent USD 604 mn for this purpose over nine months of this FY. In addition, NVIDIA raised quarterly dividend to 11.5 cents (+18% q-o-q). I believe that the company will continue to improve its financial performance due to explosive growth of clod technologies market and rising popularity of mobile gadgets. All this, coupled with higher dividend and continuing buyback program will boost the company’s shares in the mid-term. $NVDA, NVIDIA Corporation / 1440