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Nvidia Seen Soaring to Record on Explosive Growth

Nvidia Corp. ( NVDA) stock has been one of the hottest stocks in the market with shares up by nearly 26% in 2018, and over 75% during the past year. The optimism in the stock comes after the company reported blowout fiscal first quarter 2019 earnings of $2.05 per share, nearly 24% better than analysts’ estimates of $1.66. Additionally, revenue came in at $3.207 billion, over 11% better than analysts’ estimates of $2.881 billion.