Jen-Hsun Huang, CEO, Nvidia David Paul Morris | Bloomberg | Getty Images Discover the companies making premarket waves in the news. Nvidia — The chipmaker experienced a 7% surge following its exceptional quarterly report that surpassed Wall Street’s expectations. Nvidia also provided optimistic guidance, projecting a 170% sales increase in the current period due to …
Nvidia headquarters in Santa Clara, California, June 5, 2023. Marlena Sloss | Bloomberg | Getty Images Check out the companies making headlines in extended trading. Splunk — Shares surged by 11% following an impressive earnings beat. Splunk exceeded expectations by earning 71 cents per share on $889 million in revenue, surpassing the predicted 46 cents …
Nvidia, the leading graphics processor manufacturer, is experiencing unprecedented success with no signs of slowing down. This article explores the reasons behind Nvidia’s soaring popularity and the impressive financial growth it has achieved. The demand for Nvidia’s highest-end AI chip, the H100, is currently surging among tech companies seeking to develop artificial intelligence applications like …
The remarkable interest from activist-investors in Salesforce (CRM) has continued to decline in the second quarter, according to the latest regulatory filings from influential Wall Street professionals. These prominent investors have also made moves in nine other Club stocks during a strong three-month period that marked the best first half of the market in years. …
Inside an unmarked office building in Austin, Texas, a team of Amazon employees is hard at work designing two cutting-edge microchips, Inferentia and Trainium, specifically tailored for training and accelerating generative AI. These custom chips offer a viable alternative to Nvidia GPUs, which have become increasingly difficult and expensive to obtain, giving AWS customers a …
Nvidia’s CEO Jensen Huang recently spoke at the Supermicro keynote presentation during the Computex conference in Taipei on June 1, 2023. Following a market route in tech stocks last year, most of the industry’s big names have rebounded in 2023. However, Nvidia has surpassed them all in performance. Due to their dominance in artificial intelligence …
In a week filled with earnings, the CNBC Investing Club made several trades and adjusted price targets for its major stocks. These decisions were based on the analysis of quarterly results and information obtained from conference calls. Let’s take a closer look at the portfolio activity on each day. CNBC Investing Club with Jim Cramer …
An intriguing sight in Germantown, New York, on July 17, 2023, as elf complexion sponges are organized. Photograph by Gabby Jones for Bloomberg/Getty Images Discover the notable companies in the spotlight after hours. SolarEdge Technologies — The solar stock experienced an 11% drop in extended trading. SolarEdge missed revenue expectations in the second quarter, recording …
The Match.com website is displayed on an Apple iPhone. Andrew Harrer | Bloomberg | Getty Images Here are the noteworthy companies grabbing attention before the market opens on Wednesday. CVS Health – Shares of the prominent retail pharmacy surged 1.8% in premarket trading following the release of robust second-quarter earnings and revenue. CVS reported earnings …
Advanced Micro Devices needs India to keep up with the growing demand for its products, according to its executive vice president and chief technology officer, Mark Papermaster, in an exclusive interview with CNBC. “We have a global workforce. Our design efforts are global, and continuing our growth in India is essential in order to meet …