U.S. stock indexes opened mostly higher after Nvidia gave stronger-than-expected revenue forecast for its fiscal second quarter, while the Dow Jones Industrial Average was off 55 points, or 0.2%, to 32,744:
U.S. stock indexes opened mostly higher with the Nasdaq Composite COMP, +1.19% soaring 1.7% after Nvidia Corp.
gave stronger-than-expected revenue guidance for its fiscal second quarter, pushing its shares toward all-time highs and propelling the company to the cusp of a $1 trillion market value. Wall Street is also betting on other semiconductor manufacturers with shares of Advanced Micro Devices AMD, +9.79% jumping 9% and Monolithic Power Systems MPWR, +12.48% up 14.2%. The Dow Jones Industrial Average DJIA, -0.20% was off 55 points, or 0.2%, to 32,744, while the S&P 500 SPX, +0.53% advanced 0.7%.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Nvidia surge boosts Nasdaq futures while debt-ceiling debacle damps DowU.S. stock futures were mixed as Nvidia results boosted tech but debt-ceiling concerns weighed on the Dow.
Read more »
Stock market news today: Nasdaq, Dow dive as debt-ceiling talks continueUS stocks slide as Washington lacks movement on reaching a debt-ceiling agreement
Read more »
Nvidia barrels toward rare $1 trillion valuation after putting a dollar figure on AI boostNvidia Corp. could be within sight of becoming only the seventh U.S. company to top a valuation of $1 trillion after an audacious, AI-charged forecast.
Read more »
Nvidia shares soar nearly 30% as sales forecast jumps and AI boomsNvidia Corp on Wednesday forecast second-quarter revenue more than 50% above Wall Street estimates, and said it is boosting supply to meet surging demand for its artificial-intelligence chips, which are used to power ChatGPT and many similar services.
Read more »
Nvidia CFO on record-breaking forecast: 'The inflection point of AI is here'OPINION: Nvidia CFO Colette Kress tells columnist tpoletti that generative AI is 'the app of all apps' as she predicts record revenue.
Read more »
Literally no one wants to buy Nvidia’s RTX 4060 Ti | Digital TrendsA damning new report says there is zero consumer interest in Nvidia’s RTX4060Ti GPU, with only one person bothering to show up to its launch in Japan.
Read more »