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Millennial investors are having a big payday as a popular tech stock soars (NVDA)

Nvidia, a popular stock among millennial investors, is up 13% after earnings.

Actor Robbie Amell at a VIP Alienware Party during E3, in partnership with Nvidia and Intel, at the 3D Live Studio on June 13 in Los Angeles.

It's a good Wednesday for Nvidia shareholders.

The graphic-chips maker is soaring by 13% after its first-quarter earnings results released Tuesday beat analysts' expectations.

Nvidia is the sixth-largest holding with millennials on the trading platform Robinhood, according to Sahill Poddar, the company's data scientist.

Nvidia reported a 48.4% jump in quarterly revenue, helped by demand for its chips that are used by major providers of cloud computing, Reuters reported. Revenue from its gaming business jumped by nearly 50% to $1.03 billion.

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Nvidia's stock has surged by 218% over the past year.

AMD, a competitor in the market for graphics-processing units, is the top holding on Robinhood. In contrast, its earnings sent the stock tumbling by 24% after disappointing forecasts for gross margins.

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