Fresh off the recent successful launch of the company’s new GeForce GTX 1080 and GTX 1070 graphics cards, shares of NVDA surged overnight after the company reported very strong first quarter earnings yesterday, with a 13 percent year-on-year uptick at $1.3 billion and a GAAP EPS of .33, which was a nice boost versus Q1 last year at .24. Revenues were actually down 7 percent versus the previous quarter, though that’s typical for the Silicon Valley bellwether that makes hay like many in the sector, during Q4 consumer shopping season.

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