Previous close | 405.90 |
Open | 405.90 |
Bid | 458.40 |
Ask | 462.40 |
Strike | 645.00 |
Expiry date | 2024-07-19 |
Day's range | 405.90 - 405.90 |
Contract range | N/A |
Volume | |
Open interest | N/A |
Nvidia (NVDA) recently posted its first quarter earnings, beating revenue expectations and seeing its share price soar. However, the general rally did not exactly follow, challenging market expectations. Yahoo Finance Reporter Josh Schafer joins Catalysts to break down what Nvidia's recent earnings could signal for the broader market moving forward. For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Nicholas Jacobino
Nvidia could soon surpass Apple to become the world's second-most valuable company, as the kingmaker behind the AI revolution takes on the iPhone maker that has ruled Wall Street for decades. The reliance of virtually all artificial intelligence applications such as OpenAI's ChatGPT on Nvidia's high-end chips has helped the stock nearly triple in value over the past year to $2.72 trillion. In contrast, Apple ceded its No. 1 spot to Microsoft earlier this year as the once high-flying company grapples with weak demand for its iPhones and tough competition in China.
Nvidia stock threatened to extend Thursday's losses, while Amazon broke a key support level Friday.