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
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 announced a 10-for-1 stock split following its Q1 2024 earnings report, where it exceeded expectations with adjusted earnings per share of $6.12 and revenue of $26 billion, a significant increase from the previous year. This move is expected to take place on June 7, 2024. The company also plans to increase its dividend from … Read more
Nvidia CEO Michael Landsberg believes that Wall Street has underestimated the potential of Nvidia and sees the company as a long-term investment opportunity. The company recently announced a 10-for-1 stock split, which is expected to benefit investors as the stock has seen significant growth this year, closing at $949.50 per share. The stock split will … Read more
Nvidia CEO Jensen Huang believes that there is a growing demand for generative AI training. According to Huang, the need for this technology is increasing at a rapid pace. Article Source https://www.axios.com/2024/05/22/nvidia-earnings-report-q1-fy25
Nvidia has announced a 10-for-1 stock split, making it more affordable for individual investors to purchase shares of the semiconductor company. Five years ago, Nvidia shares were less than $50 each, but they have since increased by over 2,500%, with a single share now valued at $949.50 as of Wednesday. The stock split, revealed in … Read more
Microsoft, with a market capitalization of $3 trillion, has seen impressive growth of around 1,154% over the last decade. The company’s strong performance, driven by cloud and AI technologies, as well as solid margins despite significant AI investments, make it a favorable investment option. Despite a conservative outlook for the fourth quarter revenue, Microsoft remains … Read more
NVIDIA (NVDA) surprised investors with its fiscal 2025 first-quarter results, reporting adjusted earnings per share of $6.12 compared to the Street estimate of $5.65. Revenue of $26.04 billion exceeded the Bloomberg consensus of $24.69 billion, a 262% increase from the previous year. Data center revenue also saw significant growth, rising 427% year-over-year to $22.6 billion, … Read more
Nvidia Corp., a leading chipmaker in the artificial intelligence industry, saw a jump in its stock price after releasing a positive sales forecast that indicated strong spending on AI computing. The company reported that second-quarter revenue is expected to reach around $28 billion, surpassing analysts’ expectations of $26.8 billion. Additionally, results for the fiscal first … Read more