Nvidia may have exceeded Wall Street estimates as its profit jumped — buffeted by the chipmaking dominance that has cemented Nvidia’s place as the poster child of the artificial intelligence boom — but investors seemed less than impressed. The company on Wednesday reported net income for the April-June quarter of $16.6 billion. Adjusted for one-time items, net income was $16.95 billion. Revenue rose to $30 billion, up 122% from the same period a year ago and 15% from the previous quarter.
” Demand for generative AI products that can compose documents, make images and serve as personal assistants has fueled sales of Nvidia’s specialized chips over the last year. In June, Nvidia briefly rose to become the most valuable company in the S&P 500. The company is now worth over $3 trillion.
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Nvidia stock slips even after earnings top Wall Street estimates, demand for AI chips surgesNvidia may have exceeded Wall Street estimates as its profit jumped — buffeted by the chipmaking dominance that has cemented Nvidia’s place as the poster child of the artificial intelligence boom — but investors seemed less than impressed.
مصدر: KTVU - 🏆 465. / 53 اقرأ أكثر »
Nvidia stock slips even after earnings top Wall Street estimates and demand for AI chips surgesNvidia has led the artificial intelligence boom to become one of the stock market’s biggest companies, as tech giants continue to spend heavily on the company’s chips and data centers needed to tra…
مصدر: denverpost - 🏆 13. / 72 اقرأ أكثر »
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مصدر: KPIXtv - 🏆 443. / 53 اقرأ أكثر »
Nvidia stock slips even after earnings top Wall Street estimates and demand for AI chips surgeNvidia has led the artificial intelligence boom to become one of the stock market’s biggest companies, as tech giants continue to spend heavily on the company’s chips and data centers needed to tra…
مصدر: denverpost - 🏆 13. / 72 اقرأ أكثر »
Stock futures are little changed as Wall Street looks toward Nvidia earnings: Live updatesStocks rose modestly on Tuesday, with Nvidia giving the S&P 500 and Nasdaq Composite a boost.
مصدر: nbcchicago - 🏆 545. / 51 اقرأ أكثر »
Wall Street analysts say buy the post-earnings dip in Nvidia sharesInvestors may want to consider using the weakness in Nvidia to scoop up shares, according to some Wall Street analysts.
مصدر: CNBC - 🏆 12. / 72 اقرأ أكثر »