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☆ mw correx nvda forecast 23-may-24
▼ + stars: | 2024-05-23 | by ( ) www.cnbc.com time to read: 1 min

Nasdaq futures jump after AI-darling Nvidia issues strong forecast: Live updatesA previous version misstated the consensus revenue estimate for Nvidia's fiscal second quarter.

☆ Tech investor says this is what worries him the most about AI product vendors
▼ + stars: | 2024-05-23 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTech investor says this is what worries him the most about AI product vendorsPaul Meeks of Harvest Portfolio Management discusses his biggest concerns about semiconductor companies amid the technology and A.I boom, and NVIDIA's blowout earnings report.

Persons: Paul Meeks Organizations: Tech, Portfolio Management

☆ Broader markets ride the Nvidia wave following another blowout quarter
▼ + stars: | 2024-05-23 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBroader markets ride the Nvidia wave following another blowout quarterJosh Wein, Portfolio Manager at Hennessy Funds, and Sylvia Jablonski, Founder, CEO, and CIO of Defiance ETFs, discuss where the markets go from here following another blowout quarter from Nvidia.

Persons: Josh Wein, Sylvia Jablonski Organizations: Funds, Nvidia

☆ Evans: Feverish pace of the markets can continue thanks to Nvidia
▼ + stars: | 2024-05-23 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEvans: Feverish pace of the markets can continue thanks to NvidiaElizabeth Evans, Managing Partner at Evans May Wealth, discusses the markets, Nvidia's earnings report, and her top stock picks.

Persons: Evans, Nvidia Elizabeth Evans Organizations: Nvidia, Evans

☆ The world's top chipmakers can push a 'kill switch' should China invade Taiwan, Bloomberg reports
▼ + stars: | 2024-05-23 | by ( Huileng Tan | ) www.businessinsider.com time to read: +4 min

Read previewTwo of the world's most important chip companies can push a "kill switch" remotely on their most advanced chipmaking machines should China invade Taiwan, Bloomberg reported on Tuesday, citing people familiar with the matter. The Netherlands's ASML — Europe's top tech company by market value — supplies advanced machines to chip-making companies. The US has also pressured the Netherlands to block some ASML exports to China to limit the country's ability to manufacture advanced chips. Rising concerns over Taiwan Strait developmentsThere are concerns about China's intensifying drills around Taiwan after Taiwan inaugurated its new President, William Lai — whom Beijing has branded as a separatist — on Monday. But Nvidia CEO Jensen Huang told Bloomberg TV on Tuesday that that the world's tech sector is likely to continue depending on Taiwanese manufacturing for "some time."

Persons: —, Taiwan's, ASML, William Lai —, Li Xi, Jensen Huang Organizations: Service, Bloomberg, Business, East, Dutch, China's People's Liberation Army, Nvidia Locations: China, Taiwan, Washington, Beijing, Netherlands, Arizona, Japan, Germany

☆ Struggle to see where a Nvidia competitor would come from, analyst says
▼ + stars: | 2024-05-23 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailStruggle to see where a Nvidia competitor would come from, analyst saysBen Wood, chief analyst at CCS Insight, discusses yet another bumper set of results from Nvidia with CNBC's Karen Tso and Arjun Kharpal at Vivatech in Paris.

Persons: Ben Wood, Karen Tso, Arjun Kharpal Organizations: CCS Insight, Nvidia Locations: Vivatech, Paris

☆ The world's top chipmakers can flip a 'kill switch' should China invade Taiwan, Bloomberg reports
▼ + stars: | 2024-05-23 | by ( Huileng Tan | ) www.businessinsider.com time to read: +4 min

Read previewTwo of the world's most important chip companies can flip a "kill switch" remotely on their most advanced chipmaking machines should China invade Taiwan, Bloomberg reported on Tuesday, citing people familiar with the matter. The Netherlands's ASML — Europe's top tech company by market value — supplies advanced machines to chip-making companies. The US has also pressured the Netherlands to block some ASML exports to China to limit the country's ability to manufacture advanced chips. The Dutch company has also said it will stop servicing some equipment previously exported to China. Rising concerns over Taiwan Strait developmentsThere are concerns about China's intensifying drills around Taiwan after Taiwan inaugurated its new President, William Lai — whom Beijing has branded as a separatist — on Monday.

Persons: —, Taiwan's, ASML, William Lai —, Li Xi, Jensen Huang, TSMC Organizations: Service, Bloomberg, Business, East, Dutch, China's People's Liberation Army, Nvidia Locations: China, Taiwan, Washington, Beijing, Netherlands, Arizona, Japan, Germany, ASML

☆ Nvidia CEO Jensen Huang says 'demand is just so strong' for its hot AI chips
▼ + stars: | 2024-05-23 | by ( Huileng Tan | ) www.businessinsider.com time to read: +1 min

Nvidia announced it is shipping its new Blackwell AI chip next quarter amid high demand. CEO Jensen Huang highlighted the strong interest in both Blackwell and current Hopper chips. "People want to deploy these data centers right now," CEO Jensen Huang told Yahoo Finance on Wednesday. "They want to put our GPUs to work right now, and start making money and start saving money. And so that demand is just so strong," Huang added, referring to graphics processing units.

Persons: Jensen Huang, Blackwell, —, they're, Huang Organizations: Nvidia, Blackwell, Hopper, Service, Yahoo Finance, Business

☆ CNBC Daily Open: Nvidia shares soar on AI boom
▼ + stars: | 2024-05-23 | by ( Abid Ali | ) www.cnbc.com time to read: 1 min

In this article JPMGMENVDA Follow your favorite stocks CREATE FREE ACCOUNTIn this photo illustration the Nvidia logo is displayed on a smartphone screen and in the background. Rafael Henrique | SOPA Images | Lightrocket | Getty ImagesThis report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. You can subscribe here. What you need to know todayThe bottom lineGet the CNBC Daily Open report in your inbox every morning and keep up to date with the markets wherever you are.

Persons: Rafael Henrique Organizations: CNBC

☆ CNBC Daily Open: Nvidia shares top $1,000 on AI boom
▼ + stars: | 2024-05-23 | by ( Abid Ali | ) www.cnbc.com time to read: +3 min

This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Nvidia to split stock, sales to soarShares of Nvidia rose more than 7%, topping $1,000 for the first time, in after-hours trading after its first-quarter earnings and sales beat analysts' expectations. The company plans to split its stock 10 for 1. The media outlet went public in 2021 and has seen its shares fall 94% since then.

Persons: OpenAI, Vivek, Vivek Ramaswamy, Ramaswamy, Goldman Sachs Organizations: CNBC, Nvidia, Dow Jones, Nasdaq, Dow, Google, GOP, Securities and Exchange Commission

☆ Two tech experts on whether Nvidia can sustain its record growth trajectory
▼ + stars: | 2024-05-23 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTwo tech experts on whether Nvidia can sustain its record growth trajectoryJames Cakmak, Partner at Clockwise Capital, and Ruben Roy, Managing Director of Equity Research at Stifel, discuss Nvidia's Q1 earnings report.

Persons: James Cakmak, Ruben Roy Organizations: Nvidia, Equity Research Locations: Stifel

☆ Snowflake CEO talks collaboration with Nvidia: 'There's a lot to come'
▼ + stars: | 2024-05-22 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

In a Wednesday interview with CNBC's Jim Cramer, Snowflake CEO Sridhar Ramaswamy indicated the cloud data company will collaborate further with artificial intelligence darling Nvidia . There's a lot to come and Jensen's, of course, a visionary when it comes to AI," Ramaswamy said, referencing Nvidia chief Jensen Huang. Ramaswamy also said Snowflake's enterprise customer base is growing and described what the company can do for names like Kraft Heinz . For example, he said Snowflake's AI offerings can analyze customer feedback data to help determine automated responses to questions. "The era of enterprise AI is here, right here at Snowflake."

Persons: CNBC's Jim Cramer, Snowflake, Sridhar Ramaswamy, Ramaswamy, Jensen Huang, Huang, he's, Kraft Heinz Organizations: Nvidia, Cloud Summit Locations: San Francisco, Snowflake

☆ AI darling Nvidia reports after the bell. What Wall Street is watching
▼ + stars: | 2024-05-22 | by ( Samantha Subin | ) www.cnbc.com time to read: +4 min

Wall Street will be keeping close watch on what Nvidia says about demand for its artificial intelligence chips when the market-moving chipmaker reports quarterly results after the bell Wednesday. Nvidia is expected to surpass expectations again, with analysts polled by LSEG calling for earnings of $5.59 per share on $24.65 billion in revenue. "As long as it tops analyst expectations, NVIDIA is likely to remain a key tailwind for the overall U.S. stock market." NVDA 1Y mountain Shares over the last year For multiple quarters, Nvidia has shocked Wall Street with the robust demand for its tools. "We continue to expect a strong beat-and-raise quarter from NVIDIA as Hopper demand remains robust before the Blackwell transition," wrote Morgan Stanley's Joseph Moore.

Persons: they've, Wolfe, Chris Senyek, Hopper, Blackwell, Morgan Stanley's Joseph Moore, Piper Sandler's Harsh Kumar, Rosenblatt's Hans Mosesmann, Baird's Tristan Gerra, Tom O'Malley, Baird's Gerra, Nvidia's Blackwell, America's Vivek Arya, Arya, Timothy Arcuri, Rosenblatt's Mosesmann, O'Malley, Morgan Stanley's Moore Organizations: Nvidia, NVIDIA, Blackwell, Barclays, Bank, America's, UBS Locations: Nvidia's

☆ Transition to next-generation AI chips and 2 other pressing questions ahead of Nvidia's earnings
▼ + stars: | 2024-05-22 | by ( Zev Fima | ) www.cnbc.com time to read: +8 min

Nvidia's Hopper chips include the H100, which was announced in 2022 and faced severe supply shortages last year as the AI gold rush intensified. Tuesday's AWS news represents a pushout in demand for Nvidia chips, not a loss of it. That would be the so-called "digestion" phase for AI chips that Wall Street has been speculating about since last year. If anything, AWS deciding to wait for the more-powerful Blackwell chips could mean the digestion phase is further out on the horizon than initially thought. Unlike last year, when Nvidia's chips were in such short supply, there are now rival chips out there, such as AMD's MI300X, which is angling for a corner of the inferencing market .

Persons: you've, it's, Jim Cramer, Hopper, Blackwell, Nvidia's Hopper, There's, Grace Hopper Superchip, Kimberly Powell, Powell, Jim Cramer's, Jim, Jensen Huang, Justin Sullivan Organizations: Nvidia, Blackwell, Amazon Web Services, CNBC, NVIDIA, AWS, Club, SAP Center Locations: Hopper, Ceiba, San Jose , California

☆ Nvidia shares pass $1,000 for first time on AI-driven sales surge
▼ + stars: | 2024-05-22 | by ( Kif Leswing | ) www.cnbc.com time to read: +2 min

Earnings Per Share : $6.12 adjusted vs. $5.59 adjusted, per LSEG consensus estimates. : $6.12 adjusted vs. $5.59 adjusted, per LSEG consensus estimates. Revenue: $26.04 billion vs. $24.65 billion expected by LSEG Nvidia said it expected sales of $28 billion in the current quarter. Wall Street was anticipating earnings per share of $5.95 on sales of $26.61 billion, according to LSEG. Nvidia said its data center category rose 427% from the year-ago quarter to $22.6 billion in revenue.

Persons: Jensen Huang, Blackwell, Nvidia, David Paul Morris, Colette Kress, Lama, Kress Organizations: Nvidia, Nvidia Corp, Technology Conference, Bloomberg, Getty, Google, Microsoft, Meta Locations: San Jose , California

☆ Nvidia, Powered by A.I. Boom, Reports Soaring Revenue and Profits
▼ + stars: | 2024-05-22 | by ( Don Clark | ) www.nytimes.com time to read: +1 min

Nvidia, which makes microchips that power most artificial intelligence applications, began an extraordinary run a year ago. Fueled by an explosion of interest in A.I., the Silicon Valley company said last May that it expected its chip sales to go through the roof. They did — and the fervor didn’t stop, with Nvidia raising its revenue projections every few months. Its stock soared, driving the company to a more than $2 trillion market capitalization that makes it more valuable than Alphabet, the parent of Google. On Wednesday, Nvidia again reported soaring revenue and profits that underscored how it remains a dominant winner of the A.I.

Persons: sevenfold Organizations: Nvidia, Google, Revenue Locations: A.I

☆ Nvidia's Jensen Huang gave us all the details on when its new big-ticket AI chip will hit the market
▼ + stars: | 2024-05-22 | by ( Erin Snodgrass | ) www.businessinsider.com time to read: +1 min

Nvidia CEO Jensen Huang said the company's newest AI chip will start shipping next quarter. The Blackwell chip is twice as fast Nvidia's current Hopper chip. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . In a gangbusters earnings call on Wednesday, Nvidia CEO Jensen Huang laid out an accelerated timeline for the deployment of Blackwell, the company's newest AI chip that is twice as fast as Nvidia's current iteration and boasts five times the AI performance. Huang unveiled the Blackwell chip earlier this year in March, but the company has been working on its production for some time now, he said this week.

Persons: Jensen Huang, Blackwell, Huang, — Organizations: Nvidia, Hopper, Service, Business

☆ Nvidia announces 10-for-1 stock split after AI-driven boom in share price
▼ + stars: | 2024-05-22 | by ( Ashley Capoot | In | ) www.cnbc.com time to read: +1 min

Nvidia announced a 10-for-1 forward stock split in its fiscal first-quarter earnings report on Wednesday. Stock splits do nothing to change the financial fundamentals of a company but they so make each share cheaper, which can have a positive psychological effect on retail investors. Nvidia said the stock split will make ownership "more accessible to employees and investors," the release said. Nvidia shares closed on Wednesday at $949.50. Alphabet , Amazon and Tesla all orchestrated stock splits in 2022.

Persons: Jensen Huang Organizations: Nvidia Corp, Nvidia, Technology Conference Locations: San Jose , California

☆ Nvidia’s incredibly pricey shares are about to get much cheaper
▼ + stars: | 2024-05-22 | by ( Samantha Delouya | Clare Duffy | ) edition.cnn.com time to read: +3 min

CNN —Nvidia announced a 10-for-1 stock split on Wednesday, making buying shares in the red-hot semiconductor company more accessible for individual investors. Five years ago, an investor could have purchased Nvidia stock for less than $50 a share. Nvidia’s (NVDA) announcement, which came in its quarterly earnings report, means that each common share will be split into 10 smaller shares, effectively cutting the price of investing in the company. Nvidia shares rose as much as 4% in after-hours trading following the report. Still, some investors had raised questions ahead of Wednesday’s report about just how long Nvidia could keep the rally going.

Persons: Nvidia’s, ”, Thomas Monteiro Organizations: CNN, Nvidia, Microsoft Locations: China

☆ Stock market today: Indexes slip as traders await Nvidia's earnings report
▼ + stars: | 2024-05-22 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +2 min

US stocks traded lower as investors waited for Nvidia's first-quarter earnings report after the close. Investors also took in comments from Fed officials, which suggested rate cuts weren't imminent. AdvertisementUS stocks slid lower on Wednesday as traders took looked ahead to Nvidia's highly anticipated first-quarter earnings report and took in the latest commentary from Federal Reserve speakers. All three benchmark indexes traded lower, while bond yields ticked higher. Markets have been dialing back their expectations for Fed rate cuts all year.

Persons: Nvidia's, —, Susan Collins, Loretta Mester Organizations: Investors, Service, Federal Reserve, Treasury, Nvidia, Bloomberg, Boston, Cleveland Fed, Fed, Here's

All eyes on NvidiaDespite concerns about stubbornly high inflation, elevated interest rates and ballooning U.S. debt, the S&P 500 is trading at a record on Wednesday, having soared 27 percent over the past year. Among the factors driving the rally, few are bigger than the boom in stocks tied to artificial intelligence — and the biggest of all of those is Nvidia. Investors have high hopes for Nvidia’s earnings on Wednesday. Expect a torrent of trading when the chip maker reports results for its fiscal first quarter after market close. A year ago, Nvidia’s stock jumped more than 24 percent after it posted knockout earnings.

Organizations: Nvidia, Investors

☆ Nvidia just keeps hitting it out of the park
▼ + stars: | 2024-05-22 | by ( Ana Altchek | ) www.businessinsider.com time to read: +2 min

Nvidia released its fiscal first-quarter results on Wednesday and reported record quarterly revenues of $26 billion — outdoing analyst estimates for $24.65 billion. This story is available exclusively to Business Insider subscribers. Nvidia shared a solid forecast for the future, too, saying second-quarter revenue will be about $28 billion, also ahead of expectations. Nvidia also raised its quarterly dividend by 150%, from four to 10 cents per share, and announced a 10-for-1 stock split, effective next month. "We can expect that more bold innovative moves from Nvidia will help it maintain its industry position for the foreseeable future."

Persons: —, Nvidia's, Blackwell, Colette Kress, Kress, Jensen Huang, Jacob Bourne, Bourne Organizations: Service, Nvidia, Business, Blackwell, Google, Microsoft, " Tech

☆ Options market sees 12% move in Nvidia after this 'unusually important' earnings report, says Goldman
▼ + stars: | 2024-05-22 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +2 min

Nvidia has been the biggest story of Wall Street's rally to record highs, but the options market appears to be underestimating the impact of its earnings report Wednesday, according to Goldman Sachs. "NVDA options suggest investors expect this earnings report to be unusually important; NVDA options imply a +/-11.9% earnings-day move vs. its 4-quarter historical earnings-day move of +/-10.8%. The importance of this earnings report is easy to see given NVDA options volume has been 36% of all single stock options volumes over the past three months," the note said. The S & P 500 is a market cap-weighted index, meaning that Nvidia has taken on extra importance over the past two years. The options market has underpriced S & P 500 moves following the previous four Nvidia reports as well, according to Goldman.

Persons: Wall, Goldman Sachs, John Marshall, Marshall, Goldman, — CNBC's Michael Bloom Organizations: Nvidia, Traders

☆ Nvidia shows no signs of AI slowdown after over 400% increase in data center business
▼ + stars: | 2024-05-22 | by ( Kif Leswing | ) www.cnbc.com time to read: +4 min

Jensen Huang, co-founder and chief executive officer of Nvidia Corp., during the Nvidia GPU Technology Conference (GTC) in San Jose, California, US, on Tuesday, March 19, 2024. Nvidia's most important clients for its graphics processing units are the big cloud providers — Amazon Web Services, Microsoft Azure, Google Cloud and Oracle Cloud. For example, CoreWeave, a GPU cloud, is currently quoting $4.25 per hour to rent an Nvidia H100. Huang said Meta has declared its intention to spend billions on 350,000 Nvidia chips, even though the company isn't a cloud provider. Meta's cluster of servers is an example of "essential infrastructure for AI production," Huang said, or, "what we refer to as AI factories."

Persons: Jensen Huang, There's, Nvidia's, Colette Kress, Kress, Huang, Meta, Blackwell, Elon Musk's xAI Organizations: Nvidia Corp, Nvidia, Technology Conference, Web Services, Microsoft, Google, Oracle, NVIDIA, Facebook, Meta, Tesla Locations: San Jose , California

☆ Nvidia crushes sky-high expectations and charts continued AI-driven dominance for years to come
▼ + stars: | 2024-05-22 | by ( Jeff Marks | ) www.cnbc.com time to read: +10 min

In what was the most anticipated quarter this earnings season, Nvidia far outpaced lofty expectations on the top and bottom lines. Adjusted gross margin of 78.9% also beat the Street's 77.2% estimate, according to market data platform FactSet. Through its Nvidia AI Enterprise service, Nvidia is in the process of building out a potentially massive software business. Nvidia said Tesla's use of Nvidia AI infrastructure "paved the way" for the "breakthrough performance" of full self-driving version 12. Kress expects sovereign AI revenue to approach the high single-digit billions of dollars this year from nothing last year.

Persons: Jensen Huang, Blackwell, here's, Jensen, it's, It's, Colette Kress, Kress, Hopper, Jim Cramer's, Jim Cramer, Jim, David Paul Morris Organizations: Nvidia, Revenue, Enterprise, Devices, Intel, Oracle, Microsoft, Infrastructure, Blackwell, Capital, CNBC, Nvidia Corp, Technology Conference, Bloomberg, Getty Locations: China, U.S, San Jose , California

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