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After the bell on Thursday, chip maker NVIDIA (NVDA) rallied when reporting the company's fiscal first quarter results. The headline numbers will show beats on both the top and bottom line, with guidance that was mostly in-line with expectations. However, given how much the situation has changed in recent months, this isn't a report that has me screaming buy, buy, buy.
Revenues of $2.22 billion for the quarter came in $20 million ahead of estimates. However, this is barely an impressive result when you consider that three months ago, guidance was terrible