Nvidia's strong forecast calms AI bubble jitters
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Veteran investor Tom Russo hailed Berkshire Hathaway's Alphabet stake, and said he's more worried about the US debt and the dollar than an AI crash.
Nvidia's strong earnings report reassured investors about the strength of the artificial-intelligence trade, sending other AI names higher in aftermarket trading. Shares of CoreWeave, a major Nvidia customer and partner,
The artificial intelligence (AI) boom has impacted several industries, but tech companies like NVIDIA Corp. (NASDAQ:NVDA) are rewarded handsomely. Companies are investing millions into the AI sector,
A relief rally swept across Asian markets and lifted stocks in early trading on Thursday as investors cheered Nvidia's market-topping earnings, while the dollar ticked up as traders braced for the release of delayed jobs data.
Nvidia may be the most popular chip stock right now, but smart investors are beginning to look for growth elsewhere.
Even as the investing world continues to debate whether we are or are not in an “AI bubble,” there shouldn’t be any question whether AI-driven dividend stocks are still enjoying a moment. As artificial intelligence dominates much of the daily conversation in the tech world,
AI pioneer Nvidia was again the heaviest weight on the market. The chipmaker's drop of 3.2% brought its loss for the month to nearly 11%, putting it in "correction" territory, or when a stock falls at least 10% from its previous high. The company is scheduled to report is third-quarter financial results on Wednesday.
Nvidia reported quarterly results that handily topped Wall Street expectations, sending the stock sharply higher in after-hours trading.
Amazon stock has decreased by approximately 10.7% over the last week, driven by concerns regarding decelerating AWS growth, increased competition in the cloud
Nvidia’s results on Wednesday appeared to assuage some of those concerns. Revenues grew 62 per cent year on year to $57bn in the three months to the end of October, beating consensus estimates of $55bn compiled by Visible Alpha.