|Day's range||91.35 - 91.35|
HP Inc. is plotting an AI future as sales of PCs continue to be under pressure.
Shares of semiconductor giants Advanced Micro Devices (NASDAQ: AMD), Taiwan Semiconductor Manufacturing (NYSE: TSM), and Dell Technologies (NYSE: DELL) were all falling on Wednesday, down 5.2%, 3.7%, and 5.3%, respectively, as of 3:42 p.m. ET. None of these three companies had any company-specific news today, but one -- or actually, two -- of their main rivals reported earnings last night, casting a pall over any chip stock leveraged to the PC or server markets. Yesterday, both HP Inc. (NYSE: HPQ) and Hewlett Packard Enterprise (NYSE: HPE) reported earnings that disappointed.
The world has gone crazy over generative artificial intelligence (AI), and we have Nvidia's (NASDAQ: NVDA) financial outlook for the ages to thank for it. Fueled by rising demand for generative AI services like ChatGPT, Nvidia said its quarterly revenue is poised to skyrocket from $7.2 billion last quarter (the three months ended in April 2023) to $11 billion next quarter, and sustain at a similar level for the rest of this year. Growth like this from a company of such size is incredibly rare, and Nvidia is keeping its foot on the gas.
Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
What critical questions should investors ask when determining if the AI market affects a semiconductor company? Check out the short video to learn what semiconductor investors Jose Najarro and Billy Duberstein had to say.
The semiconductor industry's long-term outlook is extremely promising, and top players in the space will likely deliver incredible returns for shareholders. Just take a look at the stock performance for Nvidia, one of the world's leading high-performance chip companies. Thanks to artificial-intelligence (AI) applications powering big growth for the company's data-center business, Nvidia's market cap is now in the range of $1 trillion.
After brutal trading last year, both stocks are rallying. But which leading chip company is the better investment?
(Bloomberg) -- Nvidia Corp.’s transformation into an artificial intelligence powerhouse — and Wall Street darling with a nearly $1 trillion valuation — has been years in the works. After getting its start making graphics cards for gamers, the company shifted into chips for data centers, territory that has been dominated by Intel Corp. and Advanced Micro Devices Inc. By showing that Nvidia’s processors can deftly handle massive AI workloads, the company has made quick inroads.It’s now poised to o
The Spear Alpha ETF (SPRX) topped the list of the best-performing U.S. equity ETFs in May, gaining 28.3%. The rally was driven by the hype surrounding artificial intelligence (AI) and investors' flight to mega-cap tech stocks.
Yahoo Finance Live anchor Julie Hyman takes a look at several trending stocks including Nvidia, Tesla, Palantir, C3.ai, AMD, as well as Cathie Wood removing Nvidia from her Ark Innovation ETF holdings.
Recently, Zacks.com users have been paying close attention to Advanced Micro (AMD). This makes it worthwhile to examine what the stock has in store.
AI hype is in full bloom in the US stock market. And the biggest names in the market are doing the heavy lifting pushing stocks higher.
Nvidia debuted a host of new AI technologies on Monday, as the chip giant's stock price soared on a positive second quarter outlook.
Artificial intelligence has the potential to reshape a huge portion of the global economy. With the AI gold rush underway, the businesses that supply the picks and shovels required to harness the power of this cutting-edge tech stand to profit handsomely. Fellow chipmaker Nvidia (NASDAQ: NVDA) has garnered much of the headlines for its AI prowess.
Nvidia (NASDAQ: NVDA) dazzled the stock market on Wednesday, posting better-than-expected results in its first-quarter earnings report and offering eye-popping guidance for the second quarter. Here, Nvidia did not disappoint. Data center revenue rose 14% from the previous year and 18% from the previous quarter to a record $4.28 billion, and Nvidia's management forecast accelerating demand for AI capabilities.
The chipmaker has a bright future, but some experts worry it has fallen behind the competition in AI.
Server shipments are an important market for semiconductor companies, but the current forecast might spell trouble.
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(Bloomberg) -- Nvidia Corp. gave investors what they were looking for this week: concrete evidence that the surge in artificial intelligence is resulting in a sales boost. Nearly lost in the euphoria that the chipmaker set in motion, however, was a warning that not all are going to join in the feast.Most Read from BloombergCathie Wood’s ARKK Dumped Nvidia Stock Before $560 Billion SurgeEurope’s Economic Engine Is Breaking DownEmerging US Debt Deal Would Raise Limit, Cap Spending for Two Years‘La
Make no mistake, Nvidia has captured the imagination of Wall Street.
We think all investors should try to buy and hold high quality multi-year winners. While not every stock performs well...
Shares of Advanced Micro Devices (NASDAQ: AMD) were rising this week as the chipmaker picked up some tailwinds from NVIDIA's (NASDAQ: NVDA) blowout guidance in its earnings report on Wednesday. As a result, the stock was up 13.7% for the week as of Thursday's close, according to data from S&P Global Market Intelligence. Nearly all of AMD's gains came on Thursday in response to NVIDIA's earnings report.
Nvidia (NASDAQ: NVDA) has been a massive winner thanks to the AI trend, but why are companies like Advanced Micro Devices (NASDAQ: AMD) not getting the same stock returns? Want to learn more about why Nvidia is leading the way? Check out the short video to learn more, consider subscribing, and click the special offer link below.
Yahoo Finance Live's Akiko Fujita and Seana Smith discuss Nvidia stock soaring amid the company's earnings report, other chip stocks, and AI development.