Nvidia Corp.’s earnings are drawing nearer, and as another analyst shared upbeat feelings about the chip maker’s upcoming report, the stock drew to within 1% of its closing high.
“Given the pushout of [Advanced Micro Devices Inc’s] AMD, +2.63% MI300X, we believe Nvidia has been able to source increased [chip on wafer on substrate] capacity at Taiwan Semiconductor Manufacturing Co. TSM, +1.60%, ” Vinh said.Shares of Nvidia rallied 8.5% and closed at $469.67, near highs of the day, in Monday trading. That more than made up for three previous straight sessions of declines for a total loss of 1.5%.
Wij hebben dit nieuws samengevat zodat u het snel kunt lezen. Bent u geïnteresseerd in het nieuws, dan kunt u hier de volledige tekst lezen. Lees verder:
Nederland Laatste Nieuws, Nederland Headlines
Similar News:Je kunt ook nieuwsberichten lezen die vergelijkbaar zijn met deze die we uit andere nieuwsbronnen hebben verzameld.
Bank of America Corp. stock rises Monday, still underperforms marketShares of Bank of America Corp. inched 0.14% higher to $29.15 Monday, on what proved to be an all-around mixed trading session for the stock market, with the...
Bron: MarketWatch - 🏆 3. / 97 Lees verder »
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.
Bron: MarketWatch - 🏆 3. / 97 Lees verder »
This chip stock could yield a quick profit, depending on Nvidia's earnings, Morgan Stanley saysHow well Nvidia performs Wednesday could have implications for this derivative play, according to Morgan Stanley.
Bron: CNBC - 🏆 12. / 72 Lees verder »
The AI Trade Faces Its First Major Test With Nvidia EarningsThe chip maker’s rosy forecast lifted markets in a turbulent time—but the bar to dazzle investors is higher now.
Bron: WSJ - 🏆 98. / 63 Lees verder »
Here's the trade on Nvidia ahead of earnings, according to analystsAhead of earnings Wednesday, analysts are weighing in on the forthcoming report and how to trade the earnings.
Bron: CNBC - 🏆 12. / 72 Lees verder »