Nvidia rides AI boom to third highest market value on Wall Street

Its net income rose more than sevenfold compared to a year earlier, jumping to $14.88 billion in its first quarter that ended April 28 from $2.04 billion a year earlier. Revenue more than tripled, rising to $26.04 billion from $7.19 billion in the previous year.'The next industrial revolution has begun,' CEO Jensen Huang declared on a conference call with analysts.

The stock has risen more than 200% in the past year. The company, based in Santa Clara, California, carved out an early lead in the hardware and software needed to tailor its technology to AI applications, partly because founder and CEO Jensen Huang began to nudge the company into what was then seen as a still half-baked technology more than a decade ago. It also makes chips for gaming and cars.

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Stocks are little changed as Wall Street awaits big Nvidia earnings: Live updatesThe major averages were little changed Wednesday as investors looked ahead to the widely-anticipated release of Nvidia's latest earnings report.
منبع: CNBC - 🏆 12. / 72 ادامه مطلب »

Nvidia beating earnings per share expectations is worst-kept secret on Wall Street, says Evercore ISIWall Street may be banking on Nvidia beating earnings, but how the stock will react is less clear, says Evercore ISI.
منبع: CNBC - 🏆 12. / 72 ادامه مطلب »