|Day's range||168.00 - 173.95|
Yahoo Finance markets reporter Josh Schafer discusses the top stock market winners and losers in the month of May, including Nvidia, Tesla, and Urban Outfitters.
Yahoo Finance Live's Julie Hyman checks the market action following the JOLTS report. Hyman also checks in on Nvidia shares, which are now trading lower after the chip stock briefly reached $1 trillion in market value.
Yahoo Finance Live takes a look at several stocks trending after Tuesday's closing bell.
Nvidia shares have skyrocketed this year, up more than 175% since the start of 2023. It's all thanks to the rise of generative AI. Really powerful chips called graphics processing units (GPUs) are needed to power these new AI systems. These are the kinds of GPUs Nvidia makes. Despite it's rise, Nvidia does have its detractors. ARK Invest's (ARKK) Cathie Wood explained why her firm sold their Nvidia shares back in January, saying the stock was overpriced. Nvidia's strong performance has sent the its stock not just to new highs, but granted it entry to an exclusive club: the stocks that have a market cap of $1 trillion plus. Nvidia (NVDA) joins such tech giants as Apple (AAPL), Alphabet (GOOGL), Microsoft (MSFT), Amazon (AMZN) in the club. Apple was the first member, surpassing the $1 trillion mark in August 2018. Former members of the club include Meta (META) and Tesla (TSLA), which now have market caps of $600 billion+. Yahoo Finance's Brad Smith tells Seana Smith and Akiko Fujita how it took Nvidia about 24 years to become a $1 trillion company and how that compares to other members' rise. Key video moments: 00:00:20 $1 Trillion club members 00:00:44 How Nvidia compares to other $1T members 00:01:35 How AI boosted Nvidia shares
Jefferies Managing Director Atul Goyal joins Yahoo Finance Live to discuss Softbank's announcement of its generative AI collaboration with Nvidia, Softbank's upcoming IPO, and whether its subsidiary Arm Ltd. could be the next big AI play.
The wealthiest hedge fund managers in the world were buying shares of Nvidia in the first quarter. Is this growth stock still worth buying?
Nowhere is this trend more evident than in the recent parabolic growth of graphics, computing, and networking solutions company Nvidia (NASDAQ: NVDA). Thanks to its central role as a pillar of global AI architecture, Nvidia has seen its market cap swell to nearly $1 trillion in 2023.
Wall Street has delivered a muted performance in May while debt-deal was on.
On May 30, Nvidia (NVDA) surged about 3% to join the elite club of Wall Street - the one trillion market cap holders - for a brief period on AI frenzy.
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.
Two that I think fall under this umbrella are Alphabet (NASDAQ: GOOGL) (NASDAQ: GOOG) and Taiwan Semiconductor Manufacturing Co. (NYSE: TSM). Many people know Alphabet through its Google, YouTube, and Android products, but it also is massively investing in AI. An investment in Alphabet covers many corners of the AI industry, as it has a cloud computing division that can help customers train AI, an AI toolkit that developers can use to deploy AI to their products, and Google DeepMind, a segment that is solely focused on researching and engineering new AI capabilities.
How does Nvidia's (NASDAQ: NVDA) valuation compare to the other companies in the trillion-dollar club? Check out the short video to learn more, consider subscribing, and click the special offer link below.
Fool.com contributor and finance professor Parkev Tatevosian expands on one catalyst for Nvidia (NASDAQ: NVDA) stock in 2023 and beyond. *Stock prices used were the afternoon prices of May 27, 2023. The video was published on May 29, 2023.
The market priced outrageous growth into the stock ahead of the earnings report, and the GPU specialist still overdelivered.
After brutal trading last year, both stocks are rallying. But which leading chip company is the better investment?
Investing.com -- Stocks in focus in premarket trade on Wednesday, May 31st. Please refresh for updates.
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Investing.com -- Software providers will be the next businesses to benefit from a spike in interest in artificial technology that has spurred on rapid growth in Nvidia (NASDAQ:NVDA) shares, according to ARK Investment Management chief executive and founder Cathie Wood.
Shares of Palantir Technologies (NYSE: PLTR) charged sharply higher Tuesday, joining the general enthusiasm for anything related to artificial intelligence (AI). Rather, the catalyst that helped the machine-learning software and data-mining specialist gain ground was a flurry of news reports from another purveyor of AI technology -- Nvidia (NASDAQ: NVDA). Over the weekend, Nvidia CEO Jensen Huang gave the keynote address at the Taipei International Information Technology Show -- also known as Computex.
(Bloomberg) -- Nvidia Corp.’s market valuation fleetingly crossed the $1 trillion threshold on Tuesday after the chipmaker’s artificial intelligence prospects vaulted it into an elite club of just five American companies. Most Read from BloombergChina Is Drilling a 10,000-Meter-Deep Hole Into Earth’s CrustWinklevoss Twins Attempt Pivot After Gemini Loses Money and EmployeesTwitter Is Now Worth Just 33% of Elon Musk’s Purchase Price, Fidelity SaysJPMorgan Builds Unit for World’s Richest Families