Nvidia's H100 graphics processing unit (GPU) quickly became the top choice of businesses in artificial intelligence (AI)-accelerated data centers. A key performance indicator for Nvidia is declining for the first time in two years.
Nvidia Corp's sharp drop on Thursday saw almost US$200 billion wiped off the company's value. Shares fell 6.4% throughout the day, following post-market earnings on Wednesday night, taking Nvidia's market capitalisation near US$200 billion lower to US$2.89 trillion.
It's the tragedy of the overachieving child. Despite ridiculous revenue growth number, Nvidia's shares fell about 6% yesterday.
To keep its lead in AI chips, Nvidia NVDA -6.38%decrease; red down pointing triangle is banking on the idea that bigger is better.
OpenAI is proving once again that it's the most valuable startup in the world. The company is considering a funding round that could value it at more than $100 billion, per The Wall Street Journal.
Note: The following is an excerpt from this week's Earnings Trends report. You can access the full report that contains detailed historical actual and estimates for the current and following periods, please click here>>>
Note: The following is an excerpt from this week's Earnings Trends report. You can access the full report that contains detailed historical actual and estimates for the current and following periods, please click here>>>
Once again, Nvidia NVDA has reported stellar quarterly earnings, beating analysts' estimates on both the top and bottom line. This was the smallest beat since the artificial intelligence boom began and it seems analysts are catching up to the realities of Nvidia's growth.
Nvidia Corp (NASDAQ: NVDA) is trading lower today despite surpassing Wall Street expectations for its second-quarter earnings and issuing better-than-expected future guidance. Renowned investor Jim Cramer attributes the weakness in NVDA to it being “priced to perfection.
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Nvidia beat analysts' estimates on the top and bottom lines Wednesday afternoon. Its gross margin fell sequentially and management's guidance disappointed some investors.
Qualcomm, Cisco Systems, Motorola Solutions and Oracle also look attractive if tech investors want to diversify in artificial intelligence beyond Nvidia, according to Neuberger Berman.