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NVIDIA Shares Skyrocket After Great Financial Results

Today was a day for memory for NVIDIA, as the company’s meteoric stock rise got them on top of Fortune 100 stock moves, ahead of Tesla Motors, Inc. The reason for the growth of the stock, are both second quarter results and upbeat announcement of third quarter earnings. Following the trading close on Thursday, NVIDIA announced its results which were on record levels, even though the company had some serious write offs ($167 million) due to Icera modem business and SHIELD tablet recall; $1.15 billion represents their best second quarter result, up from $1.10 a year earlier. Net income was only 26 million, but that came after

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