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Why This NVIDIA Earnings Beat Is So Important

NVIDIA Corp. (NASDAQ: NVDA) reported its second-quarter financial results after the markets closed on Thursday. This company has been on the cutting-edge of developing deep learning and artificial intelligence (AI), which it believes has the potential to revolutionize the market and the way we do business. NVIDIA posted a handy gain on the day and a solid win on the earnings report, seemingly paving the way for this well-positioned tech company to further its platforms. Guidance would suggest so as well.

The company posted $0.40 in earnings per share on $1.43 billion in revenue, beating consensus estimates from Thomson Reuters of $0.37 in EPS on $1.35 billion in revenue. In the same period...