Aug. 23, 2023 5:30 am ETChip maker Nvidia broke into the exclusive club of companies that have a $1 trillion market cap. WSJ’s Asa Fitch breaks down how Nvidia got there—and why AI is fueling the company’s rapid growth.
Photo illustration: Annie Zhaoblew away analysts and investors three months ago when it said the artificial-intelligence boom would propel its second-quarter revenue far beyond what Wall Street expected.Continue reading your article with
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Canada Canada Latest News, Canada Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Nvidia earnings will be major test for AI demand, market rally By ReutersNvidia earnings will be major test for AI demand, market rally
Source: Investingcom - 🏆 450. / 53 Read more »
HSBC hikes Nvidia price target ahead of earnings, sees 80% upsideAnalyst Frank Lee raised his target price on the stock to $780 from $600.
Source: CNBC - 🏆 12. / 72 Read more »
Nvidia's stock looks to snap losing streak as earnings optimism buildsNvidia Corp.'s earnings are drawing nearer, and yet another analyst is feeling upbeat heading into the upcoming report.
Source: MarketWatch - 🏆 3. / 97 Read more »
Nvidia earnings to offer first true glimpse of the AI windfallWall Street seems confident that Nvidia will post 'beat-and-raise' earnings this week. The key question now is how much upside the chip giant can deliver.
Source: MarketWatch - 🏆 3. / 97 Read more »
Wall St opens higher with focus on Nvidia earnings, Jackson Hole meet By ReutersWall St opens higher with focus on Nvidia earnings, Jackson Hole meet
Source: Investingcom - 🏆 450. / 53 Read more »
S&P 500, Nasdaq gain as investors await Nvidia earnings, Jackson Hole meetThe S&P 500 and Nasdaq climbed on Monday as Nvidia shares rose ahead of the chip designer's earnings this week, with investors also focused on a meeting of central bank policymakers for clues on the U.S. interest rate path.
Source: Reuters - 🏆 2. / 97 Read more »