|Day's range||269.40 - 269.40|
Investors believe AI is the latest tech revolution. Millennial workers are worried this will mean less pay for the same work.
Investors are gripped by a fear of missing out on chip stocks. The Philadelphia Semiconductor Index, an index tracking 30 of the world’s biggest semiconductor manufacturers, surged this week to its highest level in 14 months on the back of Nvidia’s blowout earnings. The gains have sent the index up 38 per cent so far this year, far outstripping the tech-heavy Nasdaq Composite.
Some of these companies would have to blow expectations out of the water to achieve a $1 trillion market cap.
The chipmaker has a bright future, but some experts worry it has fallen behind the competition in AI.
Fool.com contributor and finance professor Parkev Tatevosian updates his recommendation for Nvidia (NASDAQ: NVDA) stock after reviewing its latest earnings report. *Stock prices used were the afternoon prices of May 24, 2023.
Meta Platforms (NASDAQ: META) is the latest big tech company to announce new in-house-made semiconductor solutions. Is this bad news for semiconductor stocks? Check out the short video to learn more, consider subscribing, and click the special offer link below.
Server shipments are an important market for semiconductor companies, but the current forecast might spell trouble.
Nvidia (NASDAQ: NVDA) just rocked the technology world. Why did Huang call this an "iPhone moment" for Nvidia? When Apple launched the first iPhone, it brought several kinds of technology together for the first time.
Looking ahead to next week's earnings lineup, a few artificial intelligence (AI) focused companies are set to release their quarterly reports.
The analysts covering Nvidia (NVDA) are struggling to come up with superlatives to describe the chipmaker's blockbuster quarterly results. Can the AI momentum sustain?
Nvidia (NASDAQ: NVDA) stock has been on a tear since the launch of OpenAI's ChatGPT last year, and it's starting to make sense. Companies large and small are scrambling to buy high-powered chips to train large language models and recommendation systems. The booming demand led Nvidia to exceed analysts' revenue estimates, and next quarter's guidance crushed expectations on Wall Street.
US stocks hit a nine-month high on Friday, propelled by solid economic data and growing investor optimism that a deal on the US debt ceiling will land in the coming days. The S&P 500 closed 1.3 per cent higher, its highest level since mid-August, in a relatively broad rally in which investors scooped up stocks more sensitive to economic growth prospects and spurning traditionally defensive sectors such as utilities, healthcare and consumer staples. The benchmark index added 0.3 per cent in the week, notching its second straight week of gains.
The Yahoo Finance Live team checks out chip stocks, including Marvell Technology and Nvidia stock movements amid both companies reporting strong earnings driven by AI.
(Bloomberg) -- Nvidia Corp. has a knack for riding tech trends — selling graphics chips that powered everything from the video game boom to the rise of cryptocurrency and the industry’s big bet on the metaverse.Most Read from BloombergBiden, McCarthy Forge Debt-Limit Deal in Bid to Avert US DefaultWorld’s Richest Man Throws In Towel on Beverly Hills HotelKey Takeaways From Deal Biden, GOP Sealed to Avert US DefaultTexas AG Ken Paxton Impeached by Republican-Led State HouseEurope’s Economic Engin
Amazon shareholders missed out on the market's AI party Thursday. What a difference a day makes.
(Bloomberg) -- Cathie Wood defended her firm’s decision to bail on Nvidia Corp. before the chipmaker’s shares surged 160%, saying the computer-chip industry’s boom-bust cycle poses risks.Most Read from BloombergBiden, McCarthy Forge Debt-Limit Deal in Bid to Avert US DefaultWorld’s Richest Man Throws In Towel on Beverly Hills HotelKey Takeaways From Deal Biden, GOP Sealed to Avert US DefaultTexas AG Ken Paxton Impeached by Republican-Led State HouseEurope’s Economic Engine Is Breaking DownWood’s
Following in the footsteps of Nvidia (NASDAQ: NVDA), which soared yesterday, Marvell Technology (NASDAQ: MRVL) is off to the races Friday afternoon -- up 28.6% through 1:05 p.m. ET. Actually, that's an even better performance than the 24.4% gain that Nvidia shareholders enjoyed yesterday! In fact, Marvell earned $0.31 per share, and sales were $1.32 billion.
(Bloomberg) -- With the artificial-intelligence hype sweeping across Wall Street, a massive inflow turned a popular ETF tracking chipmakers into the largest of its category.Most Read from BloombergBiden, McCarthy Forge Debt-Limit Deal in Bid to Avert US DefaultWorld’s Richest Man Throws In Towel on Beverly Hills HotelKey Takeaways From Deal Biden, GOP Sealed to Avert US DefaultTexas AG Ken Paxton Impeached by Republican-Led State HouseEurope’s Economic Engine Is Breaking DownThe iShares Semicond
(Bloomberg) -- The emergence of artificial intelligence is adding yet another reason for the US dollar to surge.Most Read from BloombergWorld’s Richest Man Throws In Towel on Beverly Hills HotelEurope’s Economic Engine Is Breaking Down‘Last of Us’ Multiplayer Video Game Faces Setbacks at SonyTexas AG Ken Paxton Impeached by Republican-Led State HouseA $189 Airport Travel Hack Is No Longer Working Very WellThat’s the argument, at least, of analysts at Barclays Plc, who’ve noticed a correlation in
In 2022, US chipmaker Nvidia released the H100, one of the most powerful processors it had ever built — and one of its most expensive, costing about $40,000 each. “We went from a pretty tough year last year to an overnight turnround,” said Jensen Huang, Nvidia’s chief executive. Nvidia announced on Wednesday that its sales for the three months ending in July would be $11bn, more than 50 per cent ahead of Wall Street’s previous estimates, driven by a revival in data centre spending by Big Tech and demand for its AI chips.
This may feel like irrational exuberance, but Texas Instruments, Taiwan Semiconductor, and Qualcomm each have roles to play in AI.
The technology space has become investors' darling this year, especially on the artificial intelligence (AI) frenzy. Blockbuster first-quarter fiscal 2024 earnings from Nvidia (NVDA) have led to strong bullishness across the sector.
Shares of Exscientia (NASDAQ: EXAI) were up 30.3% for the week as of Friday morning, according to data provided by S&P Global Market Intelligence. One reason for this week's share growth was the company's first-quarter earnings report. When chipmaker Nvidia posted strong earnings on the back of AI growth, that helped lift other AI-associated stocks such as Exscientia, which uses AI to help it discover oncology therapies, frequently partnering with larger pharmaceutical companies.
(Bloomberg) -- Marvell Technology Inc. surged as much as 28% — the biggest intraday increase since October 2001 — after the chipmaker said it expects revenue from artificial intelligence to soar this year.Most Read from BloombergBiden, McCarthy Forge Debt-Limit Deal in Bid to Avert US DefaultWorld’s Richest Man Throws In Towel on Beverly Hills HotelKey Takeaways From Deal Biden, GOP Sealed to Avert US DefaultTexas AG Ken Paxton Impeached by Republican-Led State HouseEurope’s Economic Engine Is B