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NVDA Mar 2024 155.000 put

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  • Yahoo Finance Video

    Nvidia earnings is 'Taylor Swift moment' for tech bulls: Dan Ives

    Nvidia (NVDA) reported its fourth-quarter earnings after Wednesday's market close, surpassing Wall Street expectations, and turning the stock around after shares were previously dropping. Already a leader in the semiconductor category, Nvidia's strong earnings have most likely set the stage for the AI race in 2024. Wedbush Securities Managing Director and Senior Equity Analyst Dan Ives and Paul Meeks, Harvest Portfolio Management Co-CIO and The Citadel Finance Professor, join Yahoo Finance to discuss Nvidia's earnings and the AI-momentum for the tech sector. When asked about potential risks for Nvidia, Ives responds: "You look at CapEx in Big Tech, the strong is getting stronger. When you look at Microsoft (MSFT), they're still in acceleration mode. So that's just not a worry for at least the next 12, 15, 18 months. And remember, you haven't even had the consumer piece start to come in. That's why I believe it's a 1995 moment... Right now, I think the big focus is second, third, fourth derivatives. The Godfather [CEO Jensen Huang] spoke, who else benefits? That's why I believe this AI party is just getting started." When asked about OEMs (original equipment manufacturers) who may benefit from this momentum, riding the coattails of Nvidia, Meeks responds: "I don't necessarily see that much of a play in some of the hardware OEMs. I think we continue, for some time, at least the rest of this calendar year, maybe through next year, with a build-out of large language models and the inference from those models. And so I see opportunities, maybe in hardware, something like a Super Micro (SMCI) that was hammered hard in the anxiety heading into Nvidia's print..." For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Nicholas Jacobino

  • Yahoo Finance

    Nvidia results, forecast beat estimates across the board as China sales slow 'significantly'

    Nvidia shares surged after the chipmaker's better-than-anticipated earnings report, as its CEO said generative AI has hit a "tipping point."

  • Yahoo Finance Video

    NVIDIA surges on earnings, Moderna posts surprise beat: Yahoo Finance Live

    Shares of NVIDIA (NVDA) are surging this morning after the chip giant reported fourth-quarter earnings that showed both revenue and net income skyrocketed year-over-year. The growth is tied to the world's recent rush into AI technology. In pharma, Moderna (MRNA) posted a profit in the fourth quarter that surprised analysts. The vaccine maker has seen sales of its COVID-19 drug slump in recent quarters. In telecom, Downdetector is reporting major carriers including AT&T (T), T-Mobile (TMUS), and Verizon (VZ) have experienced outages in several major markets. Yahoo Finance Trending tickers include AMD (AMD), Rivian (RIVN), and Etsy (ETSY). Key guests include:9:15 a.m. ET - Nick Jones, Citizens JMP Equity Research Analyst9:40 a.m. ET - Hartaj Singh, Oppenheimer & Co Biotechnology Analyst10:30 a.m. ET - Suzanne Kumar, Bain & Company Vice President Global M&A Practice10:45 a.m. ET - Jim Weber, Brooks Running CEO11 a.m. ET - Dan Flax, Neuberger Berman Managing Director