One of the major concerns about Nvidia moving out of the pandemic is that its gaming revenues may falter. If most believe it’ll continue to rise, what then might cause it trouble? The price chart indicates that shares might run sideways for a bit, but most believe it’ll continue upward. On those results NVDA stock has been tearing upwards from $546 in mid-May to hitting $800 this week.

Even that could be explained away in that the company made a $317 million investment in capital expenditures. Just about the only arguable dull spot was that cash flows from operations declined 9% from the previous quarter. 7 Stocks That Could Be Big Winners From Increasing Interest Rates.And each of Nvidia’s data center, professional visualization and automotive businesses also realized revenue growth as well. Gaming revenues were more than double where they were a year earlier. The overall business and financial picture were stellar.Īnd on a business-by-business basis things were equally positive. Net income more than doubled over the past year, and 31% on the quarter. Revenue was up massively from a year earlier, and 13% on the quarter. There was very little bad that could possibly be said about Nvidia’s Q1 results.

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