Nvidia's earnings could be 'clearing event' market needs
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Nvidia, AI
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7hon MSN
Nvidia CEO urges improved US-China trade relations amid AI chip ban: 'Significant source of revenue'
Nvidia CEO Jensen Huang is urging the U.S. and China to improve trade relations, arguing that access to the Chinese market is essential for American competitiveness in artificial intelligence (AI).
The U.S. stock market appeared geared up for a rebound after Nvidia’s stronger-than-expected earnings report after th
US stocks were hammered on Thursday as an abrupt midday reversal in markets followed a blockbuster earnings report from Nvidia and the release of the long-delayed September jobs r
The stock market’s early rally fizzled by the afternoon, with the S&P 500 swinging from a nearly 2% gain to a slight selloff by midday. Nvidia, which initially jumped after reporting strong earnings, reversed 1% into the red along with the rest of the megacap AI trade.
13hon MSN
Nvidia’s strong earnings boost US futures while markets await long-delayed September jobs report
The market’s focus remained on Nvidia as Wall Street’s most influential stock reported third-quarter earnings of $31.9 billion.
Strong Nvidia results today lifted US stock market futures and left the FTSE 100 index on course for its first positive session in over a week. The semiconductor giant’s shares rose 5% in dealings after the New York closing bell, having announced a forecast-beating 65% rise in quarterly net income.
Computer chipmaker Nvidia is poised to release a quarterly earnings report Wednesday that is expected to either deepen a recent downturn in the stock market or prompt an sigh of relief among investors increasingly worried that the world’s most valuable company is perched atop an artificial intelligence bubble that’s about to burst.
Nvidia reported more eye-catching numbers for its fiscal third quarter Wednesday, with net income jumping 65% and revenue increasing 62% from a year earlier.