Nvidia Corp. reported Wednesday that quarterly sales topped $ 5 billion for the first time in the fourth quarter, as holiday gaming-chip demand and renewed interest in cryptocurrency mining vied with supply shortages. Gaming sales surged 67% to a company record $ 2.5 billion, on gaming-card demand that Chief Executive …
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Headphone maker Koss Corp., whose heavily shorted stock has been among those skyrocketing in recent weeks amid support from investors on Reddit’s WallStreetBets message board, swung to a second-quarter profit thanks to higher sales. Shares of Koss rallied more than 45% in the extended session Thursday, after closing down 28% …
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Advanced Micro Devices Inc. expects strong data-center and gaming sales to keep sales strong into 2021 after the chip maker topped $ 3 billion in quarterly revenue for the first time late Tuesday and its results and outlook both topped Wall Street estimates. AMD AMD, +0.62% reported fourth-quarter net income of …
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Tesla Inc.’s massive stock rally continued Thursday after the Silicon Valley car maker easily topped sales expectations for the second quarter. Tesla TSLA, +6.86% said that it delivered roughly 90,650 vehicles in the second quarter, ahead of the 72,000 deliveries that analysts surveyed by FactSet had been predicting. Tesla’s actual …
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Dropbox Inc.’s first quarterly profit since its debut as a publicly traded company in 2018 came a bit sooner than it expected. But in a rapidly evolving work environment that puts a premium on collaboration from far-flung locations, the company might come to expect profits as routine. “There is enormous …
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