Nvidia President and CEO Jensen Huang speaks at the COMPUTEX forum in Taiwan, May 28, 2023. Sopa Images | Lightrocket | Getty Images Nvidia shares experienced a 4.2% increase on Tuesday, reaching a record high. This surge came after the chipmaker announced a partnership with Google that has the potential to expand the distribution of …
Here are the companies that are making waves in midday trading: 1. Best Buy: Shares of Best Buy surged by almost 6% after the retailer reported better-than-expected earnings for its fiscal second quarter. The company’s adjusted earnings per share came in at $1.22, beating the analysts’ consensus estimate of $1.06. Additionally, Best Buy’s revenue of …
Tech investors were eagerly awaiting the return of IPOs, and last week, two notable companies filed for stock market debuts. Instacart, a grocery delivery startup, and Klaviyo, a data and marketing automation company, both made their filings. The excitement around these IPOs reflects the current sentiment in Silicon Valley and could set the tone for …
In a week filled with major events such as Nvidia’s quarterly results and Federal Reserve Chairman Jerome Powell’s Jackson Hole address, our portfolio underwent a series of adjustments. These changes were driven by careful analysis and strategic decision-making. Let’s take a closer look at our trades and price-target adjustments for each day. Monday set the …
Every weekday, the CNBC Investing Club with Jim Cramer hosts a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of the key moments from Friday’s session. 1. Wall Street experienced some volatility on Friday following Federal Reserve Chairman Jerome Powell’s morning speech at the central bank conference in Jackson Hole, Wyoming. Powell expressed …
European Union flags flutter outside the EU Commission headquarters in Brussels, Belgium, on February 1, 2023 (Yves Herman | Reuters). When Gerard de Graaf relocated from Europe to San Francisco almost a year ago, he found that his job had a completely different vibe. As a 30-year veteran of the European Commission, de Graaf was …
Nvidia, the U.S. chipmaker, exceeded expectations for its major revenue lines in its recent earnings report, with the exception of its automotive segment, which sells chip systems for assisted driving. The company’s CEO, Jensen Huang, had previously touted the automotive segment as its “next billion-dollar business,” but growth has slowed this year. The decline in …
Nvidia’s A100 GPU, which is utilized for training ChatGPT and other generative AI models, was showcased at Nvidia’s headquarters in Santa Clara, California, on February 9, 2023. Katie Tarasov Explore the latest market news during midday trading. Nvidia — The stock of this chipmaker reached a record high by surging over 1% following its impressive …
Developers in the realm of artificial intelligence are highly enthusiastic about Nvidia’s processors. In fact, the demand is so immense that Nvidia announced a projected 170% increase in revenue for the current quarter, amounting to approximately $16 billion. As a result, Nvidia’s stock initially rose by over 2% before stabilizing, falling short of a record …
The Hugging Face website on a smartphone arranged in New York, Aug. 17, 2023. Gabby Jones | Bloomberg | Getty Images Hugging Face, an AI company based in New York, has secured $235 million in funding at a valuation of $4.5 billion, with support from some of the biggest names in the technology industry. Companies …