Nvidia, the chip company that has emerged as a dominant force in artificial intelligence technology, saw its stock rise by 3.4% on Thursday, leading to overall gains in US stock indices. The S&P 500 reached a record high for the 31st time this year, while the Nasdaq Composite also hit a new record. Despite positive … Read more
:max_bytes(150000):strip_icc()/MarketBlogImage-final-6ac06c7b9250446a8e86c566b11e02e1.png?w=1500&resize=1500,1013&ssl=1 "Nvidia Surpasses Microsoft in Market Cap on June 18, 2024 as S&P 500 and Nasdaq Achieve Record Closes")
Stock indexes closed at record highs once again, with the Dow seeing strong performance from financial stocks like Goldman Sachs and JPMorgan Chase, while Boeing struggled due to concerns about company culture. Tech giants like Apple, Amazon, and Microsoft saw losses as Nvidia became the world’s most valuable company. The S&P 500 was lifted by … Read more
NVIDIA’s stock has been on the rise, with the consensus price target reaching $200 per share, as per Rosenblatt Securities. This upgrade is driven by the potential of the chipmaker’s new Blackwell, Rubin, and Hopper series chips to capture a larger market share in high-computing. If successful, NVIDIA could potentially reach $5 earnings per share … Read more
Nividia, a leading technology company, played a significant role in driving the S&P 500 to a new record high. The Wall Street Journal reported on this development, highlighting the impact that Nvidia has had on the stock market. The company’s strong performance and positive outlook have contributed to the overall success of the S&P 500 … Read more
Nvidia’s stock surged to the top of the market on Tuesday, solidifying its position as the most valuable company on Wall Street. The S&P 500 and Nasdaq set new records, with the Dow Jones also making gains. Nvidia’s remarkable rise has been driven by its strong performance in the AI chip sector, propelling its revenue … Read more
Nvidia’s impressive growth, leading to a market cap of $3.34 trillion, has had a positive impact on technology stocks in Asia. Companies like Taiwan Semiconductor Manufacturing Corp (TSMC) and Hon Hai Precision Industry (Foxconn) saw gains of over 4%. In Japan, Advantest and SoftBank Group Corp also experienced significant increases in their stock prices. South … Read more
Asian stocks showed mixed performance on Wednesday, with U.S. benchmark indices hitting new records despite signs of a potential slowdown in the U.S. economy. The Nikkei 225 in Tokyo rose 0.2%, driven by strong trade data for May. Hong Kong’s Hang Seng gained 2%, while the Shanghai Composite Index fell 0.3% following announcements to improve … Read more
Nvidia became the world’s most valuable company, surpassing Microsoft and Apple on Tuesday. The chipmaker’s market value reached $3.34 trillion, ahead of Microsoft at $3.33 trillion and Apple at $3.28 billion. Trading was closed on Wednesday for the Juneteenth holiday, allowing Nvidia to retain its top position for at least a day. Analysts are optimistic … Read more
Hewlett-Packard Enterprise (HPE) recently experienced a surge in stock prices due to strong sales in their artificial intelligence (AI) server division. The company’s stock has reached a record high, reflecting positive investor sentiment and confidence in their performance. The boost in HPE’s stock can be attributed to the growing demand for AI servers in various … Read more
In today’s market rundown, Jim Cramer discusses the latest news impacting various stocks. CrowdStrike saw an increase in stock prices following a strong showing in cybersecurity and an optimistic forecast. Cramer praised the company’s performance and predicted that its stock may surpass previous highs. On the other hand, Hewlett Packard Enterprise experienced a 12% jump … Read more