-- Nvidia Corp. just gave the green light to traders betting that the rally in artificial intelligence computing stocks — not to mention its own — has room to run.Another estimate-thumping earnings report and forecast from the chipmaker sent its shares up more than 7% in postmarket trading, putting to rest lingering concerns that the spending spree on data-center gear over the past year might be due for a slowdown.
Helping to fuel Nvidia’s rally was its announcement of a 10-for-1 stock split that the company said was aimed at making shares more accessible to employees and investors. The split would be Nvidia’s second in the past three years, with the stock climbing more than 500% since the last one was announced in May 2021.
The results provided further evidence to Michael Sansoterra, chief investment officer at Silvant Capital Management, that the AI rally will continue.
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 Clears the Way for AI Stocks to Keep Powering HigherNvidia Corp. just gave the green light to traders betting that the rally in artificial intelligence computing stocks — not to mention its own — has room to run.
Source: BNNBloomberg - 🏆 83. / 50 Read more »
Stock market today: Stocks close lower after Fed minutes with Nvidia earnings on deckStocks face two big tests in Nvidia's pivotal earnings report and minutes from the Federal Reserve's last meeting.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Nvidia earnings on tap, stocks in wait-and-see mode: Yahoo FinanceUS equities (^GSPC, ^DJI, ^IXIC) are mostly in a holding pattern as Wall Street awaits Nvidia's (NVDA) first quarter earnings for fiscal 2025. The company...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Stock market today: Stocks take leg lower after Fed minutes with Nvidia earnings on deckStocks face two big tests in Nvidia's pivotal earnings report and minutes from the Federal Reserve's last meeting.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Stocks mixed ahead of Nvidia's widely anticipated Q1 earningsStocks (^DJI, ^IXIC, ^GSPC) are readying themselves for whatever Nvidia's (NVDA) fiscal first-quarter earnings — set to report after Wednesday's market close...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Stocks await Nvidia earnings, Target, Fedspeak: 3 ThingsStocks (^DJI, ^IXIC, ^GSPC) are preparing for Nvidia's (NVDA) earnings due out after the market close, which could be a make-or-break factor for May market...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »