A look at the day ahead in U.S. and global markets from Mike Dolan
The chipmaking giant Nvidia (NASDAQ: NVDA), one of the most impressive blue-chip stocks in the 2024 market and a pivotal player in the artificial intelligence (AI) boom, experienced a somewhat unexpected share price drop in the extended session between November 20 and November 21.
The AI titan will maintain its strong lead, but complicated product rollouts, sky-high expectations and the China threat add complications to growth potential.
The stock surged Tuesday, just after it said it had hired a new auditor and that it had a plan to submit its late earnings results that would allow it to remain listed on the Nasdaq.
While Cohen was piling into Wall Street's artificial intelligence (AI) darling in the September-ended quarter, he was showing every share Point72 owned in another "Magnificent Seven" stock to the door.
Nvidia shares slumped in U.S. premarket trading Wednesday after the chipmaking giant reported results that beat on both the top and bottom lines. Despite nearly doubling sales year-on-year, Nvidia's third-quarter results show a slowdown from previous quarters.
U.S. chipmaker Nvidia plans to invest in several cities in Indonesia, including building a school focusing on artificial intelligence in Central Java province, the country's vice president said on Thursday.
Nvidia on Wednesday reported a surge in third-quarter profit and sales as demand for its specialized computer chips that power artificial intelligence systems remains robust.
The share price didn't reflect this, but NVIDIA Corp's (NASDAQ:NVDA, ETR:NVD) third-quarter results ticket a lot of the boxes unfilled ahead of the release of the numbers, according to Wedbush Securities, the tech-focused investment bank. Its numbers met heightened investor expectations, with the AI chipmaker reporting $35 billion in revenue, fuelled by robust data centre sales and a ramp-up of its H200 chips.
Anna Edwards, Guy Johnson, and Paul Dobson break down today's key themes for analysts and investors on "Bloomberg: The Opening Trade." -------- More on Bloomberg Television and Markets Like this video?
Paul Meeks of Harvest Portfolio Management says that he still thinks that Nvidia's valuation is attractive from a price/earnings-to-growth ratio and that slowing demand for GPUs from AI hyperscalers is not a risk at Nvidia for 2025 and beyond.
Nvidia posts another stellar quarter to cement its lead in the A.I. race. Its shares, however, dip in after-hours trade.