(Reuters) - Frankfurt-listed shares of Nvidia jumped 8.7% on Thursday, lifting tech shares around the world, after the company forecast quarterly ...
STORY CONTINUES BELOW THESE SALTWIRE VIDEOS - Frankfurt-listed shares of Nvidia jumped 8.7% on Thursday, lifting tech shares around the world, after the company forecast quarterly revenue that smashed expectations and announced a $25 billion buyback.
Nvidia has been the biggest beneficiary of the rise of ChatGPT and other generative AI apps, virtually all of which are powered by its graphics processors. "Given the magnitude of earnings revisions we suspect the stock will still come out cheaper than it was going into the print."
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Nvidia's Frankfurt shares surge as stellar results seen keeping AI rally aliveMore than 20 brokerages raised their target price for Nvidia post the earnings update, according to Refinitiv data, with Elazar Advisors being the most bullish at $1,600. Along with Rosenblatt Securities at $1,100 - they are the only ones to have targets above $1,000 for Nvidia. Nvidia has been the biggest beneficiary of the rise of ChatGPT and other generative AI apps, virtually all of which are powered by its graphics processors.
Lire la suite »
Nvidia options show traders positioned for outsized share move after earningsBy Saqib Iqbal Ahmed NEW YORK (Reuters) - Traders in the U.S. equity options market are expecting a larger-than-usual swing in Nvidia's shares ...
Lire la suite »
Nvidia’s Stock Surge Pushes CEO’s Fortune As High as $46 BillionNvidia Corp.’s Chief Executive Officer Jensen Huang grew as much as $4.2 billion richer after the company’s latest earnings and forecast beat estimates.
Lire la suite »
Asia stocks track Wall Street rally as treasury yields retreatBy Julie Zhu HONG KONG (Reuters) - Asian shares rallied on Thursday after blockbuster results from tech darling Nvidia boosted Wall Street and a ...
Lire la suite »