Nvidia (NVDA) is set to release third quarter earnings after the bell on Tuesday as Wall Street eagerly awaits an update on the fundamentals that drive the artificial intelligence hype cycle. This report follows the stock’s record high close of $504.09 per share on Monday, with AI once again grabbing investors’ attention amid the ongoing …
Investors are in for a holiday-shortened week with a pivotal update from the AI sweetheart of the 2023 stock market rally taking center stage. Chip powerhouse Nvidia (NVDA) is set to release its quarterly report on Tuesday alongside other big players such as Lowe’s (LOW), John Deere (DE), Best Buy (BBY), and Zoom (ZM). The …
(Bloomberg) — Nvidia Corp.’s astonishing winning streak is on the verge of coming to an end as at least one technical signal suggests that the stock’s rally has become overheated. Shares of the Santa Clara, California-based company hit a roadblock on Wednesday after a remarkable 10-day run that saw them surge more than 20%, resulting …
Michael Burry.Kevin Mazur/WireImage Michael Burry ended his bets against the S&P 500 and Nasdaq 100 last quarter, a new filing shows. The “Big Short” investor revealed a wager against Nvidia and other semiconductor stocks. Burry sold a bunch of holdings but boosted his positions in several stocks. Michael Burry ended his bets against the S&P …
(Bloomberg) — Nvidia Corp. experienced a 2.1% increase in shares on Tuesday, reaching a record high and achieving its 10th consecutive session of gains, which matches the company’s longest-ever streak of advances. Most Read from Bloomberg An update to its artificial intelligence processors contributed to the rise in shares of the Santa Clara, California-based company. …
Nvidia is on a roll, but according to its billionaire CEO Jensen Huang, it’s also facing danger. The semiconductor maker’s processors are used in gaming, data centers, and autonomous vehicles, playing a crucial role in the AI boom that has revitalized Silicon Valley. Major tech companies are vying to purchase its expensive AI chips. This …
Many Nvidia investors are now using the term “cheap” to describe a stock that has tripled in less than a year, which is quite surprising. According to investment strategist Alec Young, the company’s shares have been trading within a $100 range since the summer, staying relatively flat after reaching almost $500 in August. However, with …
(Bloomberg) — Advanced Micro Devices Inc. predicts that its new AI chip, the MI300 processor, will generate $2 billion in sales next year. This optimistic outlook comes as a welcome sign that the strong demand for this component will offset the decline in orders for video-game equipment. Most Read from Bloomberg AMD announced during a …
Hello, fellow humans! We hope you’re enjoying the new and limited Saturday edition of the Daily Brief. In this edition, we’re focusing on AI, but don’t worry, it’s written by actual people—not bots. Do you have any burning questions about AI or some interesting AI hallucinations you’d like to share? Feel free to email us …
Hello, fellow humans! We hope you’re enjoying the new, limited Saturday edition of the Daily Brief, which is focused on AI. Rest assured, this content is written by actual people, not robots. Do you have any burning questions about AI that you’d like answered? Or perhaps you’ve had some interesting AI hallucinations you’d like to …