Nvidia shares surged more than 9% on Thursday, following a strong revenue forecast that highlighted the AI-driven boom in chip demand. The semiconductor giant saw a market value increase of around $218 billion, making it the second-largest single-day gain in market capitalization in Wall Street history. Despite high expectations, Nvidia’s impressive results reflected a strong … Read more
Nvidia CEO Jensen Huang gave a speech at the Nvidia GTC Artificial Intelligence Conference in California, boosting the company’s shares by over 10% following a strong earnings report that beat Wall Street estimates. The report showcased the ongoing demand for Nvidia’s artificial intelligence chips, with data center income increasing by a staggering 427% in the … Read more
Hewlett Packard Enterprise (HPE) saw a premarket rise of over 4% after being added to Evercore’s TAP list with an Outperform rating ahead of its second-quarter results. Analysts are anticipating the results for the April quarter, with mixed expectations. While AI revenue is expected to surpass expectations, there are concerns that HPE may fall slightly … 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’s stock saw a strong increase of up to 5% after the company released its first-quarter earnings report. The company outperformed expectations in both earnings and revenue, driven by the success of its GPU business. In addition to this, Nvidia also announced a 10-for-1 stock split and increased its dividend. The chipmaker reported a 262% … Read more
Nvidia exceeded expectations on Wall Street with a significant increase in profits driven by its leadership in chip manufacturing for the artificial intelligence sector. The company reported a sevenfold increase in net income, reaching $14.88 billion in the first quarter of 2021, compared to $2.04 billion the previous year. Revenue also more than tripled, rising … Read more
VMware VMW shares ended the last trading session 4.2% higher at $178.71. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock’s 3.6% gain over the past four weeks. The upswing is attributed… Source link