|Day's range||101.10 - 103.00|
Investors will have eyes on Friday's jobs report and what's next in the artificial intelligence led rally in stocks.
Artificial intelligence has the potential to reshape a huge portion of the global economy. With the AI gold rush underway, the businesses that supply the picks and shovels required to harness the power of this cutting-edge tech stand to profit handsomely. Fellow chipmaker Nvidia (NASDAQ: NVDA) has garnered much of the headlines for its AI prowess.
Nvidia's daring long-term bet on AI is paying off big time. Get the scoop on their transformative journey.
Nvidia's management believes it will be meaningfully higher in the second half of the year than in the first.
Finally, technology giant Apple became the world's first $1 trillion company in 2018. Apple has since been joined by Microsoft, Amazon, and Google parent Alphabet in the $1 trillion club. Nvidia (NASDAQ: NVDA) is the world's leading producer of advanced semiconductors, especially those designed to power new technologies like artificial intelligence (AI).
Nvidia (NASDAQ: NVDA) dazzled the stock market on Wednesday, posting better-than-expected results in its first-quarter earnings report and offering eye-popping guidance for the second quarter. Here, Nvidia did not disappoint. Data center revenue rose 14% from the previous year and 18% from the previous quarter to a record $4.28 billion, and Nvidia's management forecast accelerating demand for AI capabilities.
Nvidia (NASDAQ: NVDA), Taiwan Semiconductor Manufacturing (NYSE: TSM), and General Electric (NYSE: GE) are three well-known stocks that are red-hot but could be still worth buying now. Scott Levine (Nvidia): Falling more than 50% in 2022, Nvidia's stock has roared back in 2023. Since the start of the year, shares of Nvidia have skyrocketed about 160%.
Nvidia's (NASDAQ: NVDA) stock skyrocketed 24% on May 25 after the chipmaker posted its latest earnings report. For the first quarter of fiscal 2024, which ended on April 30, its revenue fell 13% year over year to $7.
For investors trying to determine what stocks could put up market-beating returns in the coming years, Tesla (NASDAQ: TSLA) and Nvidia (NASDAQ: NVDA) should be on your list. While I won't get points for originality for putting Tesla on this list, there are some very good reasons for investors to consider buying Tesla right now. First, Tesla's early moves into the EV market are paying off.
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.
Investors believe AI is the latest tech revolution. Millennial workers are worried this will mean less pay for the same work.
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.
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Amazon shareholders missed out on the market's AI party Thursday. What a difference a day makes.