LOS ANGELES (AP) — Nvidia may have exceeded Wall Street estimates as its profit jumped — buffeted by the chipmaking dominance that has cemented Nvidia’s place as the poster child of the artificial intelligence boom — but investors seemed less than impressed. The company reported a net income of to $16.6 billion. Adjusted for one-time
Nvidia (NVDA) reported better-than-expected second quarter results after the market close on Wednesday with forecast for the current quarter that also beat expectations. The chip giant reported adjusted earnings of $0.68 per share compared to the expected $0.64. Revenue was $30.0 billion versus an estimated $28.86 billion. Can the chip-making giant, as well as other
Kohl’s (KSS) shares are moving higher in early trading, jumping by as much as 7% after the company beat Wall Street’s earnings expectations by $0.15 per share and raised its profit outlook. In Q2, the retailer doubled down on inventory management and expenses, leading to a 9% year-over-year decline in inventory. It plans to stay
Investors are eagerly waiting on Nvidia’s (NVDA) second quarter earnings results, due out after the market close on Wednesday, August 28. Moor Insights & Strategy Founder, CEO and chief analyst Patrick Moorhead joins Yahoo Finance to discuss what to look for in the report. Moorhead notes three things he’s looking for in the highly anticipated
All eyes are on Nvidia (NVDA) as Wall Street eagerly awaits the tech giant’s second quarter results, due out after the market close on Wednesday, August 28. Investors are anticipating substantial year-over-year growth, with earnings expected to increase by 109% and revenue projected to grow by 99% year-over-year. Given these high expectations, analysts are questioning
This is The Takeaway from today’s Morning Brief, which you can sign up to receive in your inbox every morning along with: Are you ready for the single most important earnings report of 2024? Interestingly, this company won the award for the single most important earnings report of 2024 (and every quarter in 2023) when
Nvidia’s stock (NVDA) is back. But it’s about to be put to the test again. The next big event for the market is the chip darling’s earnings report, set for after the bell Wednesday. And it’s not just Nvidia’s stock that’s on the line: Nvidia’s closely watched results will set the pace for other AI
The artificial intelligence trade has been losing its luster as of late. Shares of Alphabet (GOOG, GOOGL), Amazon (AMZN), and Microsoft (MSFT), three of AI’s biggest players, are down over the last month, with Google parent Alphabet dropping 14%, Amazon off about 8%, and Microsoft falling more than 7% as of Thursday. The stock moves
Nvidia stock (NVDA) rose as much as 5% on Monday, leading a rally in tech stocks as Wall Street continued to debate whether a recent slump across the semiconductor sector has gone too far. On Monday, Bank of America analyst Vivek Arya noted Nvidia is one of the firm’s top “rebound” picks amid what he expects
Nvidia stock (NVDA) continued its upward momentum in premarket trading Friday, building on Thursday’s 6% surge along with other chip stocks, as tech led a sharp market comeback. The rebound came a day after shares of the AI chip heavyweight fell more than 5% along with other semiconductor names. As of Thursday, Nvidia has shed