Nvidia has been a major player in the AI industry, benefiting from the surge in demand for AI technology. While the hype around AI may be exaggerated, the long-term potential for this technology is recognized. However, there are concerns about companies engaging in “AI-Washing” to attract attention, which has prompted regulatory warnings from the FTC … Read more
NVIDIA Corporation, a semiconductor giant, reported first-quarter financial results that surpassed analyst estimates. The company also announced a 10-for-1 stock split, which could potentially lead to its inclusion in a major stock index. The split was not unexpected given the company’s stock performance over the past year and its history of stock splits. Analysts, including … Read more
NVIDIA Stock (NVDA) Surges After Strong Earnings Report After NVIDIA’s long-awaited first-quarter earnings report, concerns about the semiconductor giant quickly dissipated as the company exceeded expectations. The tech giant reported adjusted earnings per share of $6.12, beating the consensus target of $5.59, and generated sales of $26.04 billion, surpassing the expected $24.65 billion. Management also … Read more
NVIDIA, a leading artificial intelligence company, is set to split its shares 10 for 1 on June 7, 2024, resulting in a decrease in share prices. The split comes after NVDA stock surpassed $1,000 per share following steady growth and a record-breaking quarter. The stock split aims to make high-priced stocks more accessible to new … Read more
In a surprising move, Nvidia has set its sights on the home PC market, impacting Intel’s stock performance. This new competition has caused Intel’s shares to drop by nearly 4.5% in Thursday’s trading session. Nvidia’s strong earnings report has fueled its entry into the personal computer market with a focus on AI technology. While Nvidia … Read more
Renowned billionaire hedge fund manager Steve Cohen, known for his insightful and high-performing investments, has seen great success with his fund Point72 Asset Management. Having founded SAC Capital in 1992, Cohen has consistently made profitable moves in the market, losing money only once from 1992 to 2009. The fund has raised approximately $12.8 billion since … Read more
The recent news that Amazon had halted orders for NVIDIA’s most advanced chip, the “Grace Hopper,” ahead of its earnings report caused a modest decline in NVDA stock. However, it was later clarified that Amazon did not actually stop orders for the chip, contrary to previous reports from the Financial Times. Instead, Amazon’s pause in … Read more
Nvidia has been actively participating in various events within the AI and tech industry, even when they are not physically present. The company’s CEO, Jensen Huang, has played a key role in speaking engagements at these events, following a successful fiscal first-quarter earnings report. Wall Street Horizon’s research indicates that a combination of related events … Read more
NVIDIA is set to release its earnings report for the first quarter of fiscal 2025, followed by an earnings conference call to discuss the results. The call will be held today at 2 pm PT/5 pm ET and can be streamed on the Shacknews Twitch Channel. During the call, NVIDIA leaders are expected to discuss … Read more
NVIDIA is set to report its first-quarter earnings with high expectations due to the soaring demand for AI chips. Analysts predict a significant increase in earnings to $5.60 per share from last year’s 88 cents per share, as well as a revenue increase of 238% to $24.3 billion. The company’s market value has skyrocketed from … Read more