CashNews.co Tech giants Apple (NASDAQ: AAPL) and Nvidia (NASDAQ: NVDA) are on top of the world nowadays. They are the two most valuable stocks on the market, looking back at market-beating returns in the past five years. Apple’s total returns delivered a compound average growth rate (CAGR) of 36% in that period. Nvidia soared even […]
CashNews.co NVIDIA Corporation (NVDA) just reported its latest earnings results. Nvidia’s second-quarter earnings report exceeded expectations, with revenue reaching $30 billion, up 122% year-over-year and 15% quarter-over-quarter. This strong performance translated into adjusted earnings per share (EPS) of $0.68, surpassing analysts’ forecasts of $28.6 billion and $0.64, respectively. Yet, NVDA stock is down around 7% […]
CashNews.co By Deborah Mary Sophia, Noel Randewich and Saqib Iqbal Ahmed (Reuters) -Nvidia shares dropped more than 6% on Thursday after its forecast fell short of lofty expectations, though some believe the modest sell-off showed investors still remain confident in the generative AI boom that has powered the chip giant’s stock higher all year. The […]
CashNews.co Nvidia (NASDAQ: NVDA) has been a stock market star over the past few years, soaring alongside demand for its artificial intelligence (AI) chips. The company dominates the AI chip market, with its graphics processing units (GPUs) holding an 80% share. And this has helped revenue climb in the triple digits quarter after quarter. As […]
CashNews.co Nvidia (NASDAQ: NVDA) stock is getting hit hard in Tuesday’s trading. The semiconductor company’s share price was down 8.7% as of 2:15 p.m. ET, according to data from S&P Global Market Intelligence. The artificial intelligence (AI) leader’s share price is falling in response to rising concerns about the health of the U.S. economy. News […]
CashNews.co US markets (^DJI,^GSPC, ^IXIC) are off to a rocky start in September after posting their worst day since early August.Nvidia (NVDA) shares are under pressure after Bloomberg reported the Department of Justice has subpoenaed the company in an antitrust probe. Shares plunged yesterday, losing about $279 billion, the biggest intraday drop in market capitalization […]
CashNews.co Since the start of 2023, a tech rally has boosted countless tech stocks. Advances in high-growth sectors like artificial intelligence (AI) have highlighted the massive potential of companies active in related fields like chip design and cloud computing. Nvidia (NASDAQ: NVDA) has been one of the biggest recipients of the bull run, with its […]
CashNews.co Nvidia (NASDAQ: NVDA) has delighted its shareholders with a return of nearly 1,000% since the start of 2023, but Thursday brought investors a rare post-earnings drop as the AI chip leader closed down 6.4% for the day. While the company beat headline estimates on the top and bottom lines, the sell-off in the stock […]
CashNews.co Nvidia CEO Jensen Huang has taken a unique approach to leadership, favoring relentless dedication over termination. In a recent interview, Huang clarified that while he demands a lot from his employees, he’s not quick to fire anyone. Instead, he opts to “torture them into greatness,” a strategy he says has propelled Nvidia to the […]
CashNews.co (Bloomberg) — Investors and analysts are lining up bets on battered Asian technology stocks, after a $279 billion rout in Nvidia Corp. fueled a wave of selling in chip stocks. Most Read from Bloomberg Shares of Asian semiconductor and equipment makers including SK Hynix Inc., Taiwan Semiconductor Manufacturing Co. and Advantest Corp. fell amid […]