Tag

Chip Giant

All articles tagged with #chip giant

businesstechnology1 year ago•1 min saved

"Nvidia's AI-Fueled Earnings Surge Despite China Sales Slowdown"

Nvidia's shares surged over 12% in premarket trade after the company reported a remarkable fiscal fourth-quarter revenue of $22.10 billion, a 265% year-on-year increase, and a net income surge of 769%, driven by the growing excitement over artificial intelligence. The company's Data Center business, including its H100 graphics cards for AI training, saw sales of $18.4 billion, representing a 409% year-on-year growth. Nvidia's bullish revenue forecast for the current quarter, expected to hit $24 billion, led to broker upgrades and a positive market sentiment, dispelling earlier concerns and boosting other global chip stocks.

via CNBC|

#ai #businesstechnology #chip-giant

financestock-market1 year ago•3 min saved

"Nvidia's Stock Faces Crucial Test as Earnings Report Looms"

Nvidia's stock is on track for its worst day since 2022, with a potential $112 billion market cap loss, the largest in its history. Analysts are cautious about the company's upcoming earnings report, as the stock has surged over 35% this year and market expectations have risen significantly. Despite anticipated strong earnings and revenue growth, concerns about high expectations and potential challenges in the China market are weighing on investor sentiment.

via MarketWatch|

#chip-giant #earnings-report #financestock-market

business2 years ago•2 min saved

"Intel's Positive Update Boosts Stock Performance"

Intel's stock rose after CEO Pat Gelsinger provided an optimistic update on the company's business, stating that they are tracking above the midpoint of their third-quarter outlook and experiencing a healthy client business. Gelsinger also mentioned that Intel's data-center business is on track, and discussed the potential benefits of their foundry business in light of geopolitical dynamics and industry shortages.

via MarketWatch|

#business #ceo-update #chip-giant