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
Here's your Investing Action Plan for the week ahead. Nvidia CEO Jensen Huang will make a key speech while CrowdStrike earnings and the jobs report are on tap.
Nvidia was little changed Friday even as long time leader in personal computers and partner Dell fell after earnings. On the conference call, Dell's Chief Operating Officer Jeffrey Clarke made note of Nvidia's dominance in the artificial intelligence server market. On Tuesday, Nvidia shares soared above the 1,100 level for the first time after Tesla CEO Elon Musk indicated the AI chip leader would be a supplier for his AI startup xAI.