The Nasdaq and S&P 500 saw gains on Thursday following Nvidia’s impressive earnings report, which boosted confidence in the continued growth of the AI sector. Nvidia’s stock jumped over 7% in premarket trading to exceed $1,000 for the first time, as the company surpassed Wall Street’s earnings forecasts and raised its future projections, alleviating concerns … Read more
NVIDIA is rumored to be developing a next-generation “AI PC” system-on-chip (SOC) that will include Arm-based Blackhawk CPUs, Blackwell RTX GPUs, and LPDDR6 memory. This move could potentially shake up the AI PC market and open new opportunities for consoles. The details come from @XpeaGPU, who has previously hinted at a portable and console SOC … Read more
NVIDIA, a chipmaker heavily involved in the artificial intelligence industry, reported strong earnings for the quarter ended April 28. The company’s revenue increased by 18% compared to the previous quarter and an impressive 262% compared to the same period a year earlier, reaching $26 billion. This exceeded Wall Street expectations, with analyst estimates averaging $24.65 … 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
NVIDIA reported first-quarter earnings that exceeded expectations, accompanied by a 10-for-1 stock split and a higher dividend. The company’s adjusted earnings per share were $6.12 with revenue of $26 billion, representing significant increases from the previous year. Analysts expected earnings per share of $5.65 on revenue of $24.69 billion. The company also announced a revenue … 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’s impressive first-quarter financial results have created anticipation among traders for a significant increase in AI crypto tokens. However, this anticipated surge has not yet been realized. Nvidia, a leading technology company known for its graphics processing units (GPUs), reported strong earnings in the first quarter. This success has fueled speculation among traders that there … Read more
Nvidia’s decision to split its shares led to a surge in sales, with the company’s stock price surpassing $1,000 for the first time. On the other hand, Wall Street experienced a downturn due to concerns about inflation after the Federal Reserve’s latest meeting. Meanwhile, Amazon plans to update its Alexa voice assistant with AI technology … Read more
Nvidia reported strong first-quarter results, with adjusted earnings of $6.12 per share on revenue of $26.04 billion, driven by a 427% rise in data center revenue. The company’s data center growth was fueled by increased shipments of the NVIDIA Hopper GPU computing platform used for training various AI applications. Looking ahead to the fiscal second … Read more