On Wednesday, NVIDIA, the top stock by trading volume, closed up 1.30%, with a turnover of $35.079 billion. NVIDIA reported its first-quarter fiscal 2027 earnings after the market closed on Wednesday, with both revenue and profit exceeding analyst expectations. For the second-quarter outlook, NVIDIA projects revenue between $89.1 billion and $92.8 billion, surpassing Wall Street's prior expectation of $87.3 billion. In the first quarter, NVIDIA achieved earnings per share (EPS) of $1.87 and revenue of $81.62 billion, higher than analyst forecasts of $1.77 EPS and $79.18 billion in revenue. The company also increased its quarterly dividend to $0.25 per share. NVIDIA's data center business contributed the majority of revenue, reaching $75.2 billion, exceeding Wall Street analysts' expectation of $73.47 billion and far surpassing the $39.11 billion from the same period last year. Micron Technology, ranked second, closed up 4.76% with a turnover of $34.358 billion. Intel, ranked third, closed up 7.36% with a turnover of $19.121 billion. Intel CEO Pat Gelsinger, in an interview, unveiled the latest roadmap for the 14A process, indicating that risk production is scheduled to begin in 2028, with scaled mass production expected in 2029. Additionally, Gelsinger revealed that the yield for the 18A process has achieved a stable monthly improvement of 7%-8%, exceeding internal expectations. He noted that as manufacturing stability improves, several potential customers have entered substantive collaboration stages, with significant orders anticipated in the second half of the year. Tesla, ranked fourth, closed up 3.25% with a turnover of $18.343 billion. A report from Deutsche Bank analysts, following discussions with Uber representatives, stated that as Uber prepares for the commercial launch of several autonomous vehicle (AV) partnership projects, the bearish argument against Uber's AV strategy—that the AV market will be dominated by Tesla and Alphabet's Waymo—is becoming increasingly untenable. Advanced Micro Devices (AMD), ranked fifth, closed up 8.10% with a turnover of $15.571 billion. On May 19, AMD hosted an AI Developer Day in Shanghai, where CEO Lisa Su emphasized the importance of intelligent agents and reiterated the view highlighted in previous earnings reports: CPUs are becoming increasingly critical. Su believes that the traditional data center CPU-to-GPU ratio is 1:4, and by 2026, this ratio will shift to 1:1. Amazon, ranked tenth, closed up 2.19% with a turnover of $9.091 billion. Amazon founder Jeff Bezos downplayed concerns about an impending AI bubble on Wednesday, stating that massive investments will ultimately drive the long-term development of the technology. "Even if it does end up being a bubble, you don't need to worry about that because the bubble is driving investment, and a lot of that investment will ultimately prove to be very healthy," Bezos said. Record valuations and deals fueled by massive AI investments have contributed to the AI boom, leading some to question whether this is the beginning of a bubble that will eventually burst. Meanwhile, hyperscalers like Amazon, Microsoft, and Google continue to invest tens of billions of dollars in AI infrastructure, with projected expenditures exceeding $700 billion this year. Bezos acknowledged that the AI frenzy means "every experiment gets funded," which may include some bad ideas. Marvell Technology, ranked fourteenth, closed up 5.97% with a turnover of $5.496 billion. NVIDIA will invest $2 billion in the Silicon Valley chipmaker Marvell to enhance network technology, integrating its AI chips into larger-scale data centers. The two semiconductor companies stated on Tuesday that they will collaborate on silicon photonics technology, utilizing optical technology to upgrade data center network systems and improve data transmission rates. The NVIDIA-Marvell deal will also help major tech companies integrate their custom-designed AI chips into NVIDIA's data center systems. Marvell designs specialized AI accelerator chips for U.S. tech giants like Amazon, which can serve as alternatives to NVIDIA's general-purpose graphics processing units (GPUs). ARM Holdings, ranked sixteenth, closed up 15.05%, hitting a record high, with a turnover of $4.448 billion. Since May 15, when news that the U.S. Federal Trade Commission (FTC) had formally launched an antitrust investigation caused its stock to drop over 8% that day, ARM Holdings' stock has rebounded for three consecutive trading sessions and reached a new all-time high. Analog Devices, ranked eighteenth, closed down 3.92% with a turnover of $4.052 billion. The company reported adjusted earnings per share of $3.09 and revenue of $3.62 billion for the second fiscal quarter, both exceeding market expectations of $2.89 and $3.51 billion, respectively. Earnings data shows that Analog Devices' second-quarter revenue increased by 37% compared to $2.64 billion in the same period last year. Net profit doubled from $569.8 million last year to $1.18 billion, with diluted earnings per share at $2.40, compared to $1.14 a year ago. By end market, the industrial segment was the strongest performer, accounting for 50% of total revenue, while automotive and communications segments accounted for 24% and approximately 15%, respectively. Chief Financial Officer Richard Puccio stated that bookings in B2B markets such as industrial, automotive, and communications all reached record levels. Cerebras, ranked twentieth, closed down 4.26% with a turnover of $3.826 billion. Last Thursday, Cerebras officially debuted on the U.S. stock market. The company previously completed its IPO pricing at $185 per share, raising approximately $5.5 billion, making it the largest initial public offering in the U.S. market so far this year. As one of NVIDIA's significant potential competitors, the 11-year-old Cerebras has focused on developing high-performance AI chips, with clients and partners including industry giants like OpenAI.
Comments