Nvidia Corp., a leading technology company, has seen a significant increase in its income, driven by its AI business. This success has motivated competitors like Intel Corporation and Advanced Micro Devices Inc. to intensify their efforts to challenge Nvidia’s dominance in the market. Nvidia reported a substantial increase in revenue for the third consecutive quarter, … Read more
NVIDIA announced its fiscal first-quarter earnings report and a planned 10-for-1 stock split on Wednesday. The chipmaker giant’s shares will start trading on an adjusted basis on June 10. This news, along with better-than-expected financial results, led to a 7% rise in the share price above $1,000. Over the past year, the stock has soared … 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’s specialty chips are in high demand as companies like OpenAI, Google, and Meta strive to build more powerful AI models. The anticipation for Nvidia’s Blackwell chip, set to be shipped this quarter, is heightened as CEO Jensen Huang touts it as twice as powerful as its predecessor. Huang’s strategy to maintain customer interest by … 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 tech giant NVIDIA experienced a surge in its stock price after reporting strong financial results for the first quarter of fiscal 2025. The company’s revenue and earnings surpassed Wall Street expectations, leading to a 6.1% jump in after-hours trading. This marked the fourth consecutive quarter of triple-digit percentage growth in both revenue and adjusted … Read more
Nvidia’s recent announcement of a 10-for-1 stock split has generated excitement among investors and analysts on Wall Street. The chipmaker’s strong quarterly earnings and positive outlook for AI technology have resulted in an increase in target prices from various firms. This news has caused Nvidia’s stock to rise by over 7% and surpass $1,000 for … Read more
Taiwan Semiconductor Manufacturing Co (TSMC), a major supplier for Nvidia, shared optimistic projections for the global semiconductor industry, excluding memory chips, anticipating a 10% annual revenue growth. The company’s senior vice president, Cliff Hou, expressed confidence in the opportunities presented by the rise of artificial intelligence (AI) applications, referring to it as a new golden … Read more
Futures tied to the Nasdaq and S&P 500 climbed on Thursday as semiconductor stocks surged following Nvidia’s positive revenue outlook, boosting confidence in the rapid advancement of artificial intelligence technology. The optimistic forecast from Nvidia, a major player in the semiconductor industry, has ignited investor enthusiasm for the potential of AI technology. Article Source https://www.reuters.com/markets/us/nasdaq-sp-500-futures-pop-nvidia-fuels-chip-stocks-rally-2024-05-23/
Chipmakers are focusing on artificial intelligence (AI) “inference” and personal computers (PCs) as the new battlegrounds in the technology industry. This shift in focus comes as companies look to capitalize on the growing demand for AI-powered devices and products. AI inference refers to the process of using AI algorithms to make decisions based on data. … Read more