Shares of chipmaker Nvidia soared to a record high after surpassing expectations in their first-quarter earnings report and announcing a 10-for-1 stock split. The company’s stock price reached around $1,051 per share, exceeding its previous peak of $950. Nvidia reported revenue of approximately $26 billion, surpassing Wall Street estimates by nearly $2 billion. This achievement … Read more
US stocks climbed on Thursday following Nvidia’s impressive first-quarter earnings report, which exceeded revenue and profit estimates and included a 10-for-1 stock split announcement. The chipmaker, known for its AI-focused technology, reported $26.04 billion in revenue and earnings per share of $6.12, outperforming analyst expectations. The company also provided a strong outlook for the current … Read more
Nvidia is known for having incredibly high profit margins, which are the source of much admiration within the business community. The company’s ability to generate significant profits from its operations sets it apart from many other companies in the industry. This financial success has helped establish Nvidia as a leader in the technology sector, making … Read more
The NVIDIA GeForce RTX 5090 “Blackwell” GPU is generating new rumors, including a redesigned PCB and a 512-bit GDDR7 memory interface. Forum member Chiphell, known as Panzerlied, has been discussing various aspects of NVIDIA’s upcoming GPUs, such as the GB2 Family Blackwell GPU SKUs and the performance compared to the RTX 4090. According to the … Read more
U.S. stock futures rose as traders reacted to Nvidia’s impressive quarterly earnings report, with revenue climbing 262% and CEO Jensen Huang hinting at further growth with the launch of new AI chips. Meanwhile, OpenAI signed a content sharing deal with News Corp, gaining access to publications such as The Wall Street Journal and The Times. … Read more
Nvidia’s stock saw a 5% increase after the company released its first-quarter earnings results. The company outperformed expectations, attributing this success to the strength of its GPU business. Nvidia also announced a dividend increase and a 10-for-1 stock split. Following the earnings release, Nvidia’s shares reached record levels in after-hours trading, climbing to around $993 … Read more
Intel has announced the upcoming Lunar Lake CPUs, set to launch in Q3 2024, which will offer superior AI performance compared to its competitors. These chips are said to have 1.4 times the AI capabilities of Qualcomm’s Snapdragon French fries. Not only that, but Intel is also promising significant improvements in battery life and power … Read more