The company, with a market cap that has eclipsed Intel Corp, also beat Wall Street expectations for the second quarter. Before the market close on Wednesday, Nvidia’s shares had gained more than 185% over the past year and with a valuation of about 53 times expected earnings over the next 12 months. Nvidia said it expects third-quarter revenue of $4.40 billion, plus or minus 2%, compared with analysts’ estimates of $3.97 billion, according to IBES data from Refinitiv.
