Jensen Huang, co-founder and CEO of Nvidia, speaks during an event in Taipei, Taiwan, on June 2, 2024. Annabelle Chih | Bloomberg | Getty Images Shares of Nvidia rose to a new record Thursday as investors piled back in to the artificial… Article Source https://www.cnbc.com/2024/10/17/nvidia-stock-rises-to-new-record-exceeding-june-high-as-ai-trade-is-rekindled.html
Citrix Systems recently reported quarterly earnings of $1.52 per share, exceeding the Zacks Consensus Estimate of $1.24 per share and showing an increase from $1.40 per share a year ago. The company has surpassed consensus EPS estimates three times in the last four quarters. Revenues for the quarter ended September 2019 also beat estimates, coming … Read more
Hewlett Packard Enterprise (HPE) saw an increase in its shares following the release of its second-quarter fiscal 2024 earnings report. Earnings per share exceeded analyst expectations, coming in at $0.42 compared to the consensus estimate of $0.39. Sales also saw a year-over-year increase of 3.3%, reaching $7.2 billion, surpassing analyst predictions by $370 million. Looking … Read more
Hewlett Packard Enterprise Co (HPE) released its 8-K presentation for the second quarter of fiscal 2024, showcasing strong performance that surpassed analyst expectations. Revenue reached $7.2 billion, up 3% year-over-year, exceeding estimates of $6.82 billion. The company’s annualized revenue run rate was $1.5 billion, up 37% year-over-year.Despite revenue growth, HPE’s gross margins faced pressure, with … Read more
NVIDIA Corporation has reported strong quarterly results, exceeding revenue expectations and beating earnings per share estimates by 15%. Analysts have adjusted their forecasts based on these results, showing increased optimism for the company’s future performance. The consensus forecast for NVIDIA’s revenues in 2025 is $120.5 billion, with earnings per share expected to reach $25.57. Analysts … Read more
NVIDIA Corp. has provided a positive sales forecast, indicating the continued strong investment in AI computing. The company predicts a second-quarter revenue of around $28 billion, surpassing analysts’ expectations of $26.8 billion. CEO Jensen Huang expressed optimism about the impact of AI on various industries, highlighting its potential for boosting productivity and revenue. NVIDIA has … Read more
Nvidia Corp. has announced impressive financial results, with both profits and revenue rising due to the increasing demand for its chips for artificial intelligence applications. The company’s position as a leader in the AI industry was highlighted in the report, confirming its dominance in the market. Key highlights from Nvidia’s results included a significant increase … Read more