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
The S&P 500 nearly reached a new high as investors geared up for Nvidia’s earnings report. Federal Reserve Chairman Christopher Waller emphasized the need for sustained positive data before considering rate cuts. Cryptocurrencies experienced volatile swings amid excitement over potential approval of ether spot ETFs. The S&P 500 closed at a record high on Tuesday, … Read more
In recent trading, shares of VMware Inc (Symbol: VMW) have crossed above the average analyst 12-month target price of $165.90, changing hands for $166.25/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, or, re-adjust their target price to a higher… Source link
What summer vacation? Making up for lost COVID time, companies are cramming events into what is sometimes a slow tech news season, IPOs are heating up, and investors continue make big moves in artificial intelligence and cybersecurity. This week VMware Inc. held what might be a last blast for its annual user conference, now called … Read more