Shares of Nvidia surged to record highs Thursday, following the artificial intelligence chip giant’s after-the-bell quarterly results that effortlessly smashed quite possibly the highest bar ever set heading into an earnings release. While known for sizeable pullbacks in the past, the upward trajectory of Nvidia’s stock last year and this year cannot be denied. So, … Read more
India and Japan are two bright spots in Asia’s “supremely interesting” markets, JPMorgan’s Filippo Gori said at the bank’s Global China Summit on Thursday, referring to the region’s equity as well as deal-making landscape. “You have Japan, which is on fire. India, which is very in high demand,” Gori, co-head of global banking at JPMorgan, … Read more
Nvidia‘s historic rally is being driven by its data center business, which grew at a whopping 427% in the latest quarter as companies keep snapping up its artificial intelligence processors. Now, Nvidia is signaling to investors that the customers spending billions of dollars on its chips will be able to make money off AI, too. … Read more
Rafael Henrique | Lightrocket | Getty Images Appen, the embattled artificial intelligence firm that once helped train AI models for tech giants including Microsoft, Nvidia and Google, has lost its executives in charge of revenue and marketing. Andrew Ettinger, who was the Australian company’s chief revenue officer, and Alicia Hale, who was marketing chief, stepped … Read more
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. David Paul Morris | Bloomberg | Getty Images Nvidia reports fiscal first-quarter earnings on Wednesday after the bell. Here’s what Wall Street expects, per LSEG consensus estimates: Earnings … Read more
CNBC’s Jim Cramer on Tuesday analyzed the current market action, pointing out the way consumer-focused companies are suffering while outfits that deal with data and have enterprise customers triumph. “Right now, you have to follow the money, and it’s currently flowing to businesses that cater to other businesses and the ones that need to interrogate … Read more
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. (We’re no longer recording the audio, so we can get this new written feature to members as quickly as possible.) No big swings : The market … Read more
Nvidia founder and CEO Jensen Huang displays products on-stage during the annual Nvidia GTC Artificial Intelligence Conference at SAP Center in San Jose, California, on March 18, 2024. Josh Edelson | Afp | Getty Images At the start of last week, OpenAI’s technology chief personally thanked Nvidia CEO Jensen Huang for “bringing us the most … Read more
An advertisement for the Huawei Pura70 mobile phone is being seen in front of the Apple Store on the pedestrian street of Nanjing Road in Shanghai, China, on May 15, 2024. Nurphoto | Nurphoto | Getty Images Apple is offering hefty discounts on iPhones in China in a bid to boost sales amid intense competition … Read more
A new note from Melius Research supports what Jim Cramer has been saying for a while now: Club holding Apple’s integration of artificial intelligence into the iPhone should be a boon to investors. Shares of Apple are “gearing up for a run” higher in anticipation of the company’s Worldwide Developer Conference (WWDC) in June, where … Read more
