Nvidia Corp Sharply Higher After Q3 Beat - NVIDIA (NASDAQ:NVDA)

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Nvidia Corp (NASDAQ: NVDA) shares are trading sharply higher by $4.14 at $31.85 in Friday's session. The catalyst for the rally is a Q3 beat of $0.21 on higher revenues. After a higher open, it declined to $29.82 before continuing higher. So far, it has reached $31.94, which takes it back to levels not since January 2008 when it peaked at $34.25.

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Joel Elconin is the co-host of Benzinga;s #PreMarket Prep, a daily trading idea radio show.

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