Jensen Huang, CEO of NVIDIA, speaks during a press conference at the Computex 2023 in Taipei on May 30, 2023.Sam Yeh/AFP/Getty Images Nvidia is set to report its fourth-quarter earnings after the market close on Wednesday. The highly anticipated report will shed light on the booming AI business in the tech space. Here’s what Wall […]
Nvidia (NVDA) will announce its fourth quarter earnings after the bell on Wednesday, one of the most highly anticipated earnings reports in recent memory. Shares of the AI chip darling have skyrocketed 184% over the last 12 months, easily outpacing rivals AMD (AMD) and Intel (INTC), which saw their shares rise 91% and 67%, respectively. […]
(Reuters) – A scorching rally in Nvidia’s shares this year came to a halt on Tuesday as investors worried if the high-flying chip designer’s quarterly results would justify its towering valuation. The stock fell 5.3% to $687.91. If losses hold, it could be the biggest percentage drop in more than eight months. Nvidia has been […]
Investors are understandably jazzed about Nvidia’s upcoming earnings report for last year. Growth should be impressive. But analysts think a surprisingly large number of companies will grow even faster this year. X Eight companies in the S&P 500, including Allstate (ALL), Merck (MRK) and Tyson Foods (TSN), are expected to post higher profit growth than […]
Nvidia CEO Jensen Huang.Sam Yeh/AFP/Getty Images Nvidia’s stock could pull back as much as 11% after earnings, Bank of America’s Vivek Arya wrote. But this volatility will be short-lived, mainly driven by over-bullishness and not fundamentals. The upcoming GPU Tech Conference in mid-March will provide the stock with a boost. Nvidia’s rapid ascendance in mega-cap […]
(Bloomberg) — Investors are so taken with Nvidia Corp.’s prospects that they are willing to follow the chipmaker’s lead when it comes to investing in smaller companies. Most Read from Bloomberg Shares of several companies rallied this week after Nvidia disclosed owning stakes in them. One, Nano-X Imaging Ltd., saw its shares double over two […]
By David Randall and Saqib Iqbal Ahmed NEW YORK (Reuters) – Next week’s earnings report from chipmaker Nvidia could prove a gut check for one of the market’s hottest names, and for the artificial intelligence fever that has helped power gains for U.S. stocks in recent months. Excitement over the business potential of AI has […]
Investors can’t get enough of Nvidia (NVDA). Now, the company is spreading that love to other stocks. On Wednesday night, an SEC filing revealed the chipmaking giant held investments in the stocks Arm Holdings (ARM), SoundHound AI (SOUN), and biotech company Recursion Pharmaceuticals (RXRX) as of Dec. 31, 2023. All three of the AI-related stocks […]
(Bloomberg) — Nvidia Corp.’s red-hot rally to start 2024 has Wall Street rushing to keep up, with at least five firms hiking price targets on the artificial intelligence-darling this month. Most Read from Bloomberg The chip giant’s shares have surged 46% this year and added about $560 billion in market value as of Monday, when […]
Nvidia’s (NASDAQ: NVDA) inception aimed to revolutionize 3D computer graphics for gaming and multimedia sectors. Initially achieving success with various chips, the company made a significant leap in 1999 with the introduction of the Nvidia GeForce 256, the world’s first graphics processing unit (GPU). This milestone had culminated in the latest GeForce RTX 40 Series, […]
By Noel Randewich (Reuters) – Wall Street’s enthusiasm about artificial intelligence has Nvidia on the verge of becoming more valuable than Amazon for the first time in two decades, and the AI chipmaker is not far behind Google-owner Alphabet. A 40% surge in Nvidia so far in 2024 has elevated its market capitalization to $1.715 […]
With a market cap of $1.69 trillion, Nvidia (NASDAQ: NVDA) has already soared 34% so far in 2024 as optimism continues to swirl around its artificial intelligence (AI) chip business, which is expected to boost near-term growth and margins. But Nvidia’s long-term story looks just as bright. Let’s discuss the strategies this technology giant can […]