The Dow Jones rose Tuesday on the stock market today on hot inflation data. Fed Chair Jerome Powell is next. GME stock rocketed 112%.
Nvidia stock was edging lower Tuesday despite positive Wall Street forecasts rolling in for the chip maker’s coming earnings. Nvidia shares slipped 0.3% to $901.00 in early trading. Nvidia could beat its revenue guidance of $24 billion for the quarter by around $2 billion, and guide for a further $2 billion in revenue growth in the current quarter according to Melius Research analyst Ben Reitzes.
Hot startup OpenAI on May 13 unveiled GPT-4o, an improved AI model that's much better at handling text, audio and images in real-time. Alphabet is expected to make AI announcements at Google I/O software developers conference on May 14.