Nvidia’s 2Q Loss Shrinks

Nvidia Corp. managed to rein in its fiscal second-quarter loss after the graphics-chip maker’s product line-up experienced a significant recovery from where it had been coming into this quarter. Although the loss marked its fourth loss in the last five quarters, Nvidia’s results still managed to top analyst expectations and gave the company more confidence in drafting its estimate for the current quarter.
 
Following the results, Nvidia’s shares jumped to $14.25 in after-hours trading, an increase of 8.6 percent. The company’s stock reached a four-year low last November but has managed to nearly double in value since then, reflecting the dramatic drop in demand for its chips as a direct result of the recession.
 
Whereas sales had taken a hit last year, Nvidia has reported increases in sales in almost every area of its business. According to statements released by the company, Nvidia is a beneficial place as far as growth and eventual profitability is concerned, especially since their products will be in high demand when Microsoft releases its Windows 7 operating system.

Nvidia Graphics Card