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
The tech giant NVIDIA experienced a surge in its stock price after reporting strong financial results for the first quarter of fiscal 2025. The company’s revenue and earnings surpassed Wall Street expectations, leading to a 6.1% jump in after-hours trading. This marked the fourth consecutive quarter of triple-digit percentage growth in both revenue and adjusted … Read more
Futures tied to the Nasdaq and S&P 500 climbed on Thursday as semiconductor stocks surged following Nvidia’s positive revenue outlook, boosting confidence in the rapid advancement of artificial intelligence technology. The optimistic forecast from Nvidia, a major player in the semiconductor industry, has ignited investor enthusiasm for the potential of AI technology. Article Source https://www.reuters.com/markets/us/nasdaq-sp-500-futures-pop-nvidia-fuels-chip-stocks-rally-2024-05-23/
Nasdaq-100 futures saw an increase on Thursday as investors examined the latest quarterly results from NVIDIA. The chipmaker’s stock rose by 6% in after-hours trading, surpassing $1,000 per share, following the release of better-than-expected fiscal first quarter results and announcing a 10 for 1 stock split. NVIDIA’s fiscal second quarter revenue guidance of about $28 … 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’s impressive growth is driven by its data center business, which saw a 427% increase in the latest quarter due to the demand for its AI processors. The company is assuring investors that clients investing in their chips will also see profitable returns from AI applications. This indicates that the AI industry has room for … Read more
NVIDIA reported stronger-than-expected first-quarter earnings, along with a 10-for-1 stock split and a higher dividend, following the trend of other Big Tech companies. The company reported adjusted earnings per share of $6.12 on revenue of $26 billion, up significantly from the previous year. Analysts had expected lower earnings of $5.65 per share on revenue of … Read more
Nvidia continues to hold a lead in the competitive computer chip market, despite rival chip makers working hard to close the gap. The company is staying ahead of the competition as they race to innovate and develop cutting-edge technology. While competitors are making strides to catch up, Nvidia remains at the forefront of the industry. … Read more
Intel’s x86 market share for the quarter was 73.9%, up from 71.4% in the previous quarter and 65.4% the year before. Meanwhile, AMD’s share was 26.1%, a decrease from the previous quarter and year. This change can be attributed to the performance of the game console industry, where Intel’s SOC chip is used in popular … Read more
Semiconductor chip companies are seeing increased interest from investors due to the rapid growth of artificial intelligence in various industries. NVIDIA and Advanced Micro Devices (AMD) are two companies that are expected to see significant growth in the coming years. NVIDIA has become a dominant player in the AI chip market, with its stock price … Read more