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Applying Bollinger Bands to Analyze NVIDIA Corporation: A Technical Analysis Approach
NVIDIA Corporation (NVDA) is a leading technology company renowned for its graphics processing units (GPUs) and artificial intelligence (AI) solutions.
Originally known for its high-performance graphics cards for gaming and professional markets, NVIDIA has diversified into areas such as AI, data center solutions, and automotive technology.
On Wednesday, Nvidia reported earnings that beat Wall Street views. Sales of $30.04 billion were higher than $28.7 billion analysts expected and came in 122% ahead of the year-earlier quarter.
Earnings also came in above views of 65 cents at 68 cents per share and were 152% higher than the prior year.
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