Nvidia's Earnings Report Moves Markets as AI Chipmaker's Value Surpasses Most Nations

  • 📰 IrishTimes
  • ⏱ Reading Time:
  • 15 sec. here
  • 7 min. at publisher
  • 📊 Quality Score:
  • News: 26%
  • Publisher: 98%

Technology News

Nvidia,Earnings,AI

Nvidia, often dubbed the world's most important stock, released its third-quarter earnings report on Wednesday, revealing impressive revenue growth and solidifying its position as a market-moving force. While shares remained relatively stable after the report, Nvidia's $3.6 trillion market capitalization now surpasses the economic value of most countries, excluding the US and Japan.

AI chipmaker accounts for 4.3% of MSCI All-Country World Index – more than all countries except the US and Japan

The numbers were predictably impressive. Third-quarter revenues of $35.08 billion were almost twice as high as a year earlier, and comfortably beat analyst estimates of $33.25 billion. Guidance of $37.5 billion was slightly above analyst estimates but below the so-called whisper numbers .

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:

 /  🏆 3. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Global markets rise as big tech companies prepare earnings reportsHousebuilder Cairn Homes was the standout performer in Dublin as it climbed 2.3% to continue its recent march
Source: IrishTimes - 🏆 3. / 98 Read more »

Shane Lowry season earnings as Offaly native earns over €8m for stellar campaignThe Irishman has had a very lucrative season on the course.
Source: IrishMirror - 🏆 4. / 98 Read more »

Jake Paul paid staggering earnings for fight as Mike Tyson gets half as muchIt was estimated that over 120 million people watched the fight between the legendary boxer Mike Tyson and YouTube star Jake Paul, which saw them paid staggering figures
Source: RSVPMagazine - 🏆 7. / 76 Read more »

Katie Taylor v Amanda Serrano earnings: How much fighters will make from boutBoth fighters will earn the biggest ever paydays for women boxers and the bout is expected to be the most viewed female fight of all-time by quite a distance
Source: IrishMirror - 🏆 4. / 98 Read more »