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☆ SK Hynix rallies 6.5% after Nvidia boss Jensen Huang asks firm to expedite next-generation chip
▼ + stars: | 2024-11-04 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +2 min

Chey Tae-won, chairman of SK Group, during the SK AI Summit in Seoul, South Korea, on Monday, Nov. 4, 2024. SK Hynix is working with Nvidia to resolve the supply bottleneck, Chey said. Tech giants around the world have been snapping up Nvidia chips in a bid to produce the most powerful models and applications. SK Hynix shares are up around 36% this year. Samples of the chip — a 16-layer HBM — will be provided to customers in early 2025, SK Hynix said.

Persons: Chey Tae, Chey, Jensen Huang, HBM Organizations: SK Group, SK AI Summit, SK Hynix, Nvidia, SK, SK Hynix's, Tech, Samsung Locations: Seoul, South Korea, HBM

☆ Quantifying how much Nvidia will influence the Dow after it joins the storied average
▼ + stars: | 2024-11-04 | by ( Nick Wells | ) www.cnbc.com time to read: +2 min

What kind of influence will Nvidia have on the 30-stock index when it joins before the bell this Friday? Instead, share price determines how much a single stock can move the Dow on a daily basis. A $1 move in any Dow stock translates to roughly 6.6 points on the index. By considering both share price and historical volatility, we can estimate each stock's potential influence on the index. According to a CNBC analysis of FactSet data, Nvidia would rank as the eighth-largest influence on the Dow based on its share price and recent volatility.

Persons: Jensen Huang, Annabelle Chih, Dow, Goldman Sachs, it's Organizations: Nvidia, Bloomberg, Getty, Dow, Microsoft, Apple, Intel, CNBC Locations: Taipei, Taiwan, UnitedHealth

☆ Nvidia to replace Intel in Dow Jones Industrial Average
▼ + stars: | 2024-11-02 | by ( Lloyd Lee | Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +4 min

Nvidia is replacing Intel in the Dow Jones Industrial Average, S&P Dow Jones Indices said Friday. AdvertisementNvidia is joining the Dow Jones Industrial Average, the S&P Dow Jones Indices said on Friday, replacing its rival Intel, which held the position for 25 years. AdvertisementThe Sherwin-Williams Company (SHW) will also replace Dow Inc. (DOW) in the index. The Dow Jones Industrial Average, or DJIA, is made up of 30 blue-chip companies, from Amazon to Walt Disney Co., and is often used as a benchmark for the broader US economy. Now, with its entrance into the DJIA, it only underlines the mainstream acceptance of Nvidia as a market leader.

Persons: Dow, —, Sherwin, missteps, Pat Gelsinger, Jensen Huang, Jensen, Dan Ives, JPMorgan Chase, Johnson, Goldman Sachs Organizations: Nvidia, Intel, Dow Jones, Service, Williams Company, Dow Inc, DOW, Walt Disney Co, Amazon Web Services, Corporate Finance Institute, Microsoft, Walmart, JPMorgan, UnitedHealth, Procter, Gamble Company, Cola Company, Chevron Corporation, Merck, Co, Cisco Systems, McDonald's Corporation, Business Machines Corporation, IBM, American Express Company, Caterpillar, Verizon Communications, Walt Disney Company, Goldman, Honeywell International, Nike, Boeing Company, Intel Corporation, 3M Company, Travelers Companies, Dow Locations: Amazon, Silicon Valley, Susquehanna

☆ Nvidia to edge out Intel in Dow Jones Industrial Average
▼ + stars: | 2024-11-01 | by ( Lloyd Lee | Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +3 min

Nvidia is replacing Intel in the Dow Jones Industrial Average, S&P Dow Jones Indices said Friday. AdvertisementNvidia is joining the Dow Jones Industrial Average, the S&P Dow Jones Indices said on Friday, replacing its rival Intel, which held the position for 25 years. AdvertisementThe Dow Jones Industrial Average, or DJIA, is made up of 30 blue-chip companies, from Amazon to Walt Disney Co., and is often used as a benchmark for the broader US economy. Since 1999, Intel has held its position on the DJIA to reflect the state of the larger semiconductor industry. AdvertisementNow, with its entrance into the DJIA, it only underlines the mainstream acceptance of Nvidia as a market leader.

Persons: Dow, —, missteps, Pat Gelsinger, Jensen Huang, Jensen, Dan Ives Organizations: Nvidia, Intel, Dow Jones, Service, Walt Disney Co, Amazon Web Services, Corporate Finance Institute Locations: Amazon, Silicon Valley, Susquehanna

☆ Nvidia to join Dow Jones Industrial Average, replacing rival chipmaker Intel
▼ + stars: | 2024-11-01 | by ( Kif Leswing | ) www.cnbc.com time to read: +3 min

Nvidia is replacing rival chipmaker Intel in the Dow Jones Industrial Average, a shakeup to the blue-chip index that reflects the boom in artificial intelligence and a major shift in the semiconductor industry. Intel shares were down 1% in extended trading on Friday. Nvidia shares rose 1%. Nvidia's market cap has swelled to $3.3 trillion, second only to Apple among publicly traded companies. Intel shares have fallen by more than half this year as the company struggles with manufacturing challenges and new competition for its central processors.

Persons: Jensen Huang, Sherwin Williams, Dow Jones, Dow Organizations: Nvidia, EIFO, NVIDIA, Vilhelm, Intel, Dow Jones, Dow Inc, Apple, Companies, Microsoft, Meta, Google, Dow, Amazon, Walgreens Boots Alliance, AMD Locations: Kastrup, Denmark

☆ This 5-year-old kid who dressed up as Jensen Huang for a festival in Taipei has already won Halloween
▼ + stars: | 2024-10-31 | by ( Erin Liam | ) www.businessinsider.com time to read: +3 min

A 5-year-old Taiwanese boy dressed up as Nvidia's Jensen Huang for Halloween. "He just knows that he is dressed as a very remarkable person," the boy's mom told BI. At least, that's the case for the 5-year-old boy from Taipei who dressed up as Nvidia's Jensen Huang for the holiday. "The Jensen Huang Halloween costumes are here," the user wrote. The Jensen Huang Halloween costumes are here pic.twitter.com/JQavitfhKf — Evan (@StockMKTNewz) October 29, 2024The GPU costume took a week to make, said Kuo.

Persons: Nvidia's Jensen Huang, —, Jensen, Kuo Yuyun, JQavitfhKf — Evan, Kuo, Huang Organizations: Service, Nvidia Locations: Taipei, Taiwan, New York City

☆ Meta's stock drop tells the wrong story on earnings — so, we're boosting our price target
▼ + stars: | 2024-10-30 | by ( Zev Fima | ) www.cnbc.com time to read: +11 min

Don't let the after-hours stock action fool you, Meta Platforms delivered one heck of a strong third quarter and a current quarter revenue guide above expectations. Ok, now that the "bad" is out of the way, let's look at what investors should really be focused on as they consider what to do with Meta stock. Meta Platforms Why we own it : We value Meta Platforms for its targeted advertising dominance. Notably, Meta AI, the company's version of a ChatGPT-type generative artificial intelligence search/answer engine, now has over 500 million monthly active users. Looking ahead to 2025, the team noted on the release, "We continue to expect significant capital expenditures growth in 2025.

Persons: biggie, that's, China's ByteDance, Mark Zuckerberg, Jensen Huang, Zuckerberg, we're, Meta, it's, haven't, Jim Cramer's, Jim Cramer, Jim, Andrej Sokolow Organizations: LSEG, Meta, People, Management, China's, Reality Labs, Nvidia, ., Facebook, CNBC, Getty Locations: Ray, capex

☆ How to dance the earnings two-step: Recognize initial stock distortions and then act
▼ + stars: | 2024-10-27 | by ( Jim Cramer | ) www.cnbc.com time to read: +18 min

For all we know, the yield curve may simply be going through the birthing of an un-inverted yield curve. GOOGL YTD mountain Alphabet YTD Search used to be so simple. META YTD mountain Meta Platforms YTD Meta Platforms has run big ahead of the quarter. AMZN YTD mountain Amazon YTD Let's get to the two toughest of the week, Amazon and Apple. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Persons: let's, Eli Lilly, nonfarm payrolls, Carl Quintanilla, batty, Jeff Marks, Waymo, Elon Musk, Donald Trump, Kamala Harris, Department's, Mark Zuckerberg, Jensen Huang, Marc Benioff, Trump, Warren Buffett, Jim Cramer's, Jim Cramer, Jim Organizations: CNBC, Microsoft, Apple, Treasury, Federal Reserve, charlatans, Honeywell, Twitter, Club, Gemini, YouTube, Google, Donner Party of cannibalization, AMD, Nvidia, Intel, Merck, Pfizer, Tech Titans, Meta, Amazon Web Services Locations: Wall, cyclicals, California, Philly

☆ Microsoft CEO Satya Nadella's pay soars to $79 million despite asking for a smaller bonus
▼ + stars: | 2024-10-25 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +2 min

Microsoft CEO Satya Nadella's pay rose 63% to $79.1 million for the year to June 30. Microsoft stock has soared as investors bet it'll be a big winner from the AI boom. The software giant's boss received a $2.5 million salary, $71.2 million of stock awards, a $5.2 million cash incentive, and $170,000 in other compensation, per a proxy filing on Thursday. Nadella had been in line for a $10.7 million cash incentive, but asked the board for less following several high-profile cybersecurity breaches in the period. Apple CEO Tim Cook was paid $63.2 million for the company's last financial year, while Nvidia CEO Jensen Huang pocketed $34.2 million.

Persons: Satya Nadella's, it'll, —, Nadella, OpenAI, Tim Cook, Jensen Huang Organizations: Microsoft, Service, Revenue, Big Tech, Apple, Nvidia

Amid the flurry of partnerships announced on the occasion was a deal between Reliance and Nvidia to build AI infrastructure in India. Nvidia on Thursday announced a slew of partnerships with major Indian firms and launched a Hindi language model, as the American chip company looks to ramp up business in one of the world's biggest technology markets. Nvidia also announced Nemotron-4-Mini-Hindi 4B — a small language model in Hindi, the widest-spoken of India's multitude of languages. Companies running Nvidia hardware can deploy this language model, while Indian IT consultancy Tech Mahindra is using Nvidia's model to launch its own Hindi AI model, Project Indus 2.0. "India is very, very dear to the world's computer industry, central to the IT industry," Huang said.

Persons: Huang, Jensen Huang, Akshay Kumar, Mukesh Ambani, Narendra Modi, Modi, Neil Shah, Shah Organizations: Reliance, Nvidia, Yotta, Tata Communications, Reliance Industries, Companies, Indian, Tech Mahindra, Infosys, Wipro, TCS, Reliance Jio, Ambani's Reliance Industries, Counterpoint Research, CNBC Locations: India, Mumbai, American

☆ Top 10 things to watch in the stock market Thursday, including news on Nvidia, 3 other Club stocks
▼ + stars: | 2024-10-24 | by ( Matthew J. Belvedere | ) www.cnbc.com time to read: +4 min

Top 10 things to watch Thursday, Oct. 24 CNBC's Matthew J. Belvedere with the help of Jeff Marks wrote this dispatch. Tesla shares were jumping 14.5% and leading the Nasdaq toward a higher open after the EV maker beat on quarterly earnings per share (EPS). Club industrial stocks Honeywell and Dover were dropping after issuing quarterly results. Semiconductor equipment maker Lam Research beat on quarterly earnings and revenue and its stock jumped 5%. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Persons: Matthew J, Jeff Marks, Stocks, Jensen Huang, TSMC, Oppenheimer, Boeing machinists, Gary Kelly, Bob Jordan, EBITDA, Jim Cramer's, Jim Cramer, Jim, Ritzau Scanpix, Mads Claus Rasmussen Organizations: Nasdaq, Elon, Honeywell, Dover, Nvidia, Blackwell, Semiconductor, Lam Research, Boeing, Southwest Airlines, Elliott Investment Management, United Parcel Service, International, Mobile, Jim Cramer's Charitable, CNBC, EIFO, NVIDIA, Vilhelm, Via Reuters Locations: India, Southwest, Kastrup, Denmark

☆ Jensen Huang says a design flaw with Nvidia's Blackwell chips has been fixed — with TSMC's help
▼ + stars: | 2024-10-24 | by ( Tom Carter | ) www.businessinsider.com time to read: +3 min

Nvidia's much-anticipated Blackwell AI chip appears to be back on track. CEO Jensen Huang said Nvidia had fixed a design flaw with the chip with the help of Taiwanese tech firm TSMC, per Reuters. AdvertisementNvidia seems to have fixed a design flaw in its next-gen AI chip, thanks to a little help from TSMC. "We had a design flaw in Blackwell. It was functional, but the design flaw caused the yield to be low.

Persons: Blackwell, Jensen Huang, —, Morgan Stanley, Huang, Goldman Sachs Organizations: Nvidia, Meta, Google, Service, Reuters, Blackwell, TSMC Locations: TSMC

☆ Nvidia CEO partners with India to supply chips to tech companies
▼ + stars: | 2024-10-24 | by ( Seema Mody | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNvidia CEO partners with India to supply chips to tech companiesNvidia CEO Jensen Huang, in a fireside chat with Reliance Industries Chairman Mukesh Ambani, discussed why India is poised to build an AI empire. He highlighted the country's potential to export AI innovations rather than Indian workers being displaced by the technology.

Persons: Jensen Huang, Mukesh Ambani Organizations: Reliance Locations: India

☆ Nvidia CEO Jensen Huang says AI will do parts of some jobs 1,000 times better — but it won't completely replace people
▼ + stars: | 2024-10-24 | by ( Riddhi Kanetkar | ) www.businessinsider.com time to read: +2 min

Jensen Huang says AI can enhance jobs — but won't replace humans entirely. AI could perform parts of some jobs up to 1,000 times better but not replace entire roles, he said. AdvertisementNvidia CEO Jensen Huang anticipates AI will do parts of some jobs 1,000 times better — but it will never replace the actual humans doing those roles. "Depending on the jobs we do, it could do 20% of our jobs 1000 times better. He previously said that he wanted Nvidia to be a company with "100 million AI assistants."

Persons: Jensen Huang, —, Huang, Kweilin, Goldman Sachs Organizations: Nvidia, Service, McKinsey Locations: Mumbai, India

☆ Earnings season is getting chaotic — plus, Jim Cramer sees a great opportunity in Disney
▼ + stars: | 2024-10-22 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +3 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. Investors also are grappling with the beginning of a "chaotic" period in earnings season, Jim Cramer said. "I think this is a great opportunity to buy the stock of Disney," Jim said, highlighting improvements to its ESPN and movie business despite theme-park weakness. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER .

Persons: Jim Cramer, Danaher, Jim, Jensen, Huang, buildouts, Morgan Stanley, James Gorman, Bob Iger, Stocks, Jim Cramer's Organizations: CNBC, Treasury, Nvidia, Disney, ESPN, GE Aerospace, RTX Corp, General Motors, Verizon Communications Locations: Mumbai, India

☆ Wall Street keeps raising price targets for sky-high Nvidia stock. Here's why analysts are still so bullish.
▼ + stars: | 2024-10-21 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +6 min

Bank of America and Goldman Sachs are among the banks that have raised price targets in recent weeks. AdvertisementNvidia stock is trading at record highs, but that's not deterring top Wall Street analysts from being bullish. Goldman Sachs, $150 price targetGoldman analysts raised their price target to $150 from $135 a share, implying 6% upside from the stock's current levels. AdvertisementStrategists said they changed their price target after a meeting with Huang. Bernstein, $155 price targetBernstein raised its price target to $155 a share shortly after the chipmaker reported its second-quarter earnings in August.

Persons: Blackwell, Goldman Sachs, —, Jensen Huang, Goldman, Huang, CFRA, Angelo Zino, NVDA, Zino, Bernstein, Rasgon Organizations: Nvidia, Bank of America, Service, Wall, Bank, Blackwell, Accenture, Microsoft, ServiceNow, Foundry, CNBC Locations: bullish, CY23, Blackwell

☆ Bank of America hikes Nvidia price target, says shares can rally almost 40%
▼ + stars: | 2024-10-18 | by ( Sean Conlon | ) www.cnbc.com time to read: +2 min

Nvidia could be positioned for even more growth ahead, according to Bank of America. Analyst Vivek Arya reiterated his buy rating on the chip giant and raised his price target by $25 to $190. That would add to the monstrous rally it has already seen this year, with shares surging more than 176% in 2024. Not only that, Arya cited "underappreciated" enterprise partnerships with companies such as Accenture and ServiceNow as catalysts for more growth. The stock advanced around 1% in the premarket on Friday following Arya's price target change.

Persons: Vivek Arya, Jensen Huang, Blackwell, Arya, Nvidia's Organizations: Nvidia, Bank of America, Accenture, ServiceNow, Microsoft, Foundry, Apple Locations: Taiwan

☆ Investors may be too bullish on chip stocks. This options strategy can hedge against a pullback
▼ + stars: | 2024-10-18 | by ( Jeff Kilburg | ) www.cnbc.com time to read: +3 min

That bullish consensus makes this former CBOT pit trader take pause, and I believe now is the time to hedge some semiconductor exposure. I want to use put options in the VanEck Semiconductor ETF (SMH) to mitigate downside risk. That came in the wake of better-than-expected results from contract chipmaker Taiwan Semiconductor , which counts NVDA as one of its biggest customers. Lastly, I want to consider the technicals setup, as when emotion gets injected into the marketplace, technical typically take over. BEFORE MAKING ANY FINANCIAL DECISIONS, YOU SHOULD STRONGLY CONSIDER SEEKING ADVICE FROM YOUR OWN FINANCIAL OR INVESTMENT ADVISOR.

Persons: Jensen Huang, ASML, SMH, Kilburg Organizations: VanEck Semiconductor, Nvidia, Taiwan Semiconductor, CNBC, NBC UNIVERSAL Locations: Chicago

☆ Mark Zuckerberg and Jensen Huang's combined wealth gains this year equate to the 7th richest person in the world
▼ + stars: | 2024-10-18 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +2 min

Mark Zuckerberg and Jensen Huang have collectively gained $150 billion this year. AdvertisementMark Zuckerberg and Jensen Huang have collectively grown over $150 billion richer this year, a figure that exceeds Warren Buffett's net worth. Huang, the CEO and cofounder of Nvidia, has gained $75.6 billion in net worth this year, second only to Zuckerberg. AdvertisementThe two tech titans have gained a combined $152 billion this year, which alone would make them the 7th richest person on earth. Zuckerberg and Huang's joint wealth has jumped to $324 billion —more than Coca-Cola ($301 billion) or Netflix ($295 billion) were worth at the end of Thursday trading.

Persons: Mark Zuckerberg, Jensen Huang, —, Warren, Zuckerberg, Elon Musk, Jeff Bezos, Huang, rade, Nvidia's microchips Organizations: Nvidia, Netflix, Service, Meta, Bloomberg, Amazon, Investors

☆ Don't 'demean' Tesla's bots, even if they were piloted by humans, Nvidia robotics boss says
▼ + stars: | 2024-10-18 | by ( Emma Cosgrove | ) www.businessinsider.com time to read: +5 min

Tesla's Optimus robots faced skepticism for being remotely controlled by humans at a recent event. AdvertisementTesla's Optimus robots received more skepticism last week when multiple reports confirmed that the humanoid robots working the company's "We Robot" event were remotely controlled by engineers. Optimus robots reportedly danced, poured drinks, and interacted with attendees. Both Musk and Nvidia CEO Jensen Huang, are focused on humanoid robots as increasingly advanced machine learning offers an unlocking technology for robotics. Musk has claimed that two Optimus robots are performing tasks autonomously on Tesla's factory floor.

Persons: Lebaredian, —, Optimus, Jensen Huang, Musk, Huang, Tesla, xAI's Organizations: Optimus, Service, Nvidia, Oracle

☆ Don't get blinded by the Fed rate cut trade and the signs of life in small cap stocks
▼ + stars: | 2024-10-17 | by ( Zev Fima | ) www.cnbc.com time to read: +9 min

With the Federal Reserve now cutting interest rates, investors are looking for stocks that can be super-charged by lower borrowing costs. Small and medium-sized companies tend to be the most closely affected by the direction of the economy and rates. Outflows were seen solely in large caps; small and mid-caps saw inflows." If money does keep flowing into small caps, will it come at the expense of large caps? .SPX mountain 2022-10-01 S & P 500 since Oct. 1, 2022 That said, if the move into the smaller caps stocks continues, we may start to see more competition for capital.

Persons: Russell, that's, it's, Stanley Black, Decker, Jim Cramer, Jensen Huang, Morgan Stanley's, We're, Canaccord Genuity, pare, Jim Cramer's, Jim, Michael Nagle Organizations: Federal Reserve, BMO Capital Markets, Bank of America, Nvidia, CNBC, Blackwell, Taiwan Semiconductor Manufacturing Company, Devices, Broadcom, Apple Intelligence, Apple, Microsoft, Presidential, Jim Cramer's Charitable, New York Stock Exchange, Bloomberg, Getty Locations: U.S

☆ The manufacturer of Nvidia, AMD chips soothes concerns that rocked the industry Tuesday
▼ + stars: | 2024-10-17 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +5 min

To be sure, a Bloomberg report earlier Tuesday that the U.S. government was considering a cap on AI chip exports to certain Persian Gulf nations may also have dampened industry sentiment. Investors are sensitive to any updates on AI chip demand, given the dramatic rise in the stocks of Nvidia, AMD, Broadcom and others over the past two years. Bottom line Artificial intelligence is alive and well, according to TSMC, which has emerged as the most valuable window into AI demand other than Nvidia itself. With Big Tech earnings in the coming weeks, it's particularly nice to see the AI chip trade stabilize after the ASML debacle. Jim said Thursday that AMD, which has way underperformed Nvidia, Broadcom and the broader market, is "still a bargain."

Persons: Wei, It's, Jensen Huang, TSMC, Jim, we're, Jim Cramer's, Jim Cramer Organizations: Taiwan Semiconductor Manufacturing Company, Nvidia, Devices, Broadcom, CNBC, Nvidia's, iShares Semiconductor, AMD, Bloomberg, Big Tech, Apple, Club, Getty Locations: U.S, Hsinchu, Taiwan

☆ Jim Cramer says investors too worried about the Fed's next move are missing opportunities
▼ + stars: | 2024-10-17 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

CNBC's Jim Cramer on Thursday said some investors are missing market opportunities because they are too focused on what the Federal Reserve will do next when it comes to interest rates. "I'm not saying the stock market will never go down when the Fed's easing," he said. But Blackstone reported an impressive quarter, and the stock reached a new all-time high, up more than 6% by the close. He also referenced the turbulence this week in the semiconductor space — triggered by a bad quarter from Dutch chipmaker ASML on Tuesday — saying investors' Fed worries may have scared them out of expensive stocks. "Everyone who's obsessed with the Fed's next foray is basically investing with blinders on, and as a result, they're missing out on some of the greatest moves I've ever seen in my life," Cramer said.

Persons: CNBC's Jim Cramer, I'm, Jay Powell, Blackstone, ASML, Jensen, they're, I've, Cramer Organizations: Federal Reserve, Blackstone, Nvidia, Taiwan Semiconductor

☆ The S&P 500 once again briefly rode Nvidia's coattails to all-time highs
▼ + stars: | 2024-10-17 | by ( Alex Harring | Kavitha Shastry | ) www.cnbc.com time to read: +2 min

Nvidia 's rally to a record intraday high on Thursday briefly helped lift the S & P 500 into uncharted waters, leaving investors to wonder what's next for the artificial intelligence trade. The S & P 500 broad market index also touched a record high during the day, mostly driven by strong semiconductor and financial stocks. Nvidia's stock, which scored an all-time closing high on Monday, has added 1.6% so far this week. NVDA 1D mountain Nvidia, 1-day chart Martin likes the AI trade looking ahead, especially as year-end — typically a strong time for the market — nears. And then they'll try and take some profits, and then they'll try and buy it back a little cheaper, and then it'll go back up again."

Persons: what's, Jensen, Tom Martin, Martin, they'll, it'll Organizations: Nvidia, Taiwan Semiconductor, Investments Locations: Taiwan, China

☆ Nvidia stock rises to new record, exceeding June high as AI trade is rekindled
▼ + stars: | 2024-10-17 | by ( Todd Haselton | ) www.cnbc.com time to read: +1 min

The new high bested a previous record of $140.76, which was set on June 20. Shares of Nvidia rose to a new record on Thursday as investors piled back in to the artificial intelligence trade that had stalled a bit since the summer. The stock rose more than 3% at one point to briefly tap a new intraday high of $140.89. Nvidia's intraday record comes after Taiwan Semiconductor Manufacturing Company , the world's largest chip producer, beat third-quarter earnings estimates and posted a 54% increase in profit. Nvidia stock hit a closing high of $138.07 earlier in the week, topping its prior record of $135.58 set on June 18.

Persons: Jensen Huang, Nvidia's, —, Kif Leswing Organizations: Nvidia, Taiwan Semiconductor Manufacturing Company, Apple, AMD, ARM, Companies, Microsoft, Meta, Google Locations: Taipei, Taiwan

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