Nvidia Shares Soar 24% As Sales Forecast Jumps and AI Booms

Reuters2023-05-25

Nvidia Corp on Wednesday forecast second-quarter revenue more than 50% above Wall Street estimates, with the company saying it is boosting supply to meet surging demand for its artificial-intelligence...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

YuTC968
2023-05-25
YuTC968
Sell Tesla and buy Nvidia...am thinking 😅😅
SmartHunter
2023-05-25
SmartHunter
Gg sold my nvda shares too quickly
runningjames
2023-05-25
runningjames
Wow!
N00b
2023-05-25
N00b
to the moon!!!
CYKuan
2023-05-25
CYKuan
Great[Cool]
Andrewinho
2023-05-25
Andrewinho
Great!! 👏👏👏🚀🚀🚀

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2338815182?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2023-05-25 07:02","share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","id":"2338815182","market":"us","top_or_hot":-1,"title":"Nvidia Shares Soar 24% As Sales Forecast Jumps and AI Booms","media":"Reuters","content":"<div>\n<p>Nvidia Corp on Wednesday forecast second-quarter revenue more than 50% above Wall Street estimates, with the company saying it is boosting supply to meet surging demand for its artificial-intelligence...</p>\n\n<a href=\"https://finance.yahoo.com/news/nvidia-forecasts-second-quarter-revenue-202407886.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Nvidia Shares Soar 24% As Sales Forecast Jumps and AI Booms</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNvidia Shares Soar 24% As Sales Forecast Jumps and AI Booms\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-05-25 07:02 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/nvidia-forecasts-second-quarter-revenue-202407886.html><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Nvidia Corp on Wednesday forecast second-quarter revenue more than 50% above Wall Street estimates, with the company saying it is boosting supply to meet surging demand for its artificial-intelligence...</p>\n\n<a href=\"https://finance.yahoo.com/news/nvidia-forecasts-second-quarter-revenue-202407886.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":null,"symbol_name":null,"start_time":0,"source_url":"https://finance.yahoo.com/news/nvidia-forecasts-second-quarter-revenue-202407886.html","article_id":"2338815182","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2338815182","pubTimestamp":1684969378,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Nvidia Corp on Wednesday forecast second-quarter revenue more than 50% above Wall Street estimates, ","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{},"translate_title":"随着销售预测飙升和人工智能繁荣，英伟达股价飙升24%","themeId":"61271cc5ebd041fda5e2f496ea04b60d","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{},"content_text":"Nvidia Corp on Wednesday forecast second-quarter revenue more than 50% above Wall Street estimates, with the company saying it is boosting supply to meet surging demand for its artificial-intelligence chips, which are used to power ChatGPT and many similar services.Shares of Nvidia, the world's most valuable listed semiconductor company, rocketed 24% after the bell to trade at $378.38, their highest level ever. That increased its stock market value by about $200 billion to over $950 billion, extending the Silicon Valley company's lead as the world's most valuable chipmaker and Wall Street's fifth-most valuable company.The artificial-intelligence boom has helped Nvidia become the fifth-most valuable U.S. company by market value.Nvidia has strained to meet demand for its AI chips, with Tesla Inc Chief Executive Officer Elon Musk, who is reportedly building out an artificial-intelligence startup, earlier this week telling an interviewer that the graphics processing units (GPUs) are \"considerably harder to get than drugs.\"But Nvidia Chief Executive Officer Jensen Huang on Wednesday said in a statement that the company is \"significantly increasing our supply to meet surging demand\" for its data center chips.Analysts believe Nvidia reallocated some supply-chain capacity away from the slumping PC gaming market to its data center AI chips. Its PC gaming chips sell for as much as $1,500 while its AI chips fetch more than ten times that at about $20,000 each.Nvidia forecast current-quarter revenue of $11 billion, plus or minus 2%. Analysts polled by Refinitiv are expecting revenue of $7.15 billion.\"Given the generative AI gold rush taking place, this should fuel demand for Nvidia's chips for the remainder of the year,\" said Edward Jones analyst Logan Purk.Nvidia did not provide a full-year forecast on Wednesday, but Chief Financial Officer Colette Kress said the company had procured \"substantially higher supply\" for the second half of the year.Adjusted revenue for the quarter ended April 30 was $7.19 billion. Analysts polled by Refinitiv were expecting revenue of $6.52 billion. The company's data center chip sales hit $4.28 billion, beating analyst estimates of $3.89 billion, according to segment data from FactSet.Gaming chip revenue beat Wall Street expectations at $2.24 billion versus estimates of $1.97 billion, according to FactSet data.Net income rose to $2.04 billion, or 82 cents per share, from $1.62 billion, or 64 cents per share, a year earlier. Excluding items, the company earned $1.09 per share in the first quarter, beating estimates of 92 cents.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":9970728127,"gmtCreate":1685007965870,"gmtModify":1685007972019,"author":{"id":"3568898592347932","authorId":"3568898592347932","name":"YuTC968","avatar":"https://static.tigerbbs.com/2d421272489b6ef78e6ec097b142ae78","vip":1,"crmLevel":5,"crmLevelSwitch":1},"htmlText":"Sell Tesla and buy Nvidia...am thinking 😅😅","listText":"Sell Tesla and buy Nvidia...am thinking 😅😅","text":"Sell Tesla and buy Nvidia...am thinking 😅😅","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9970728127","repostId":2338815182,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9970768971,"gmtCreate":1684988761593,"gmtModify":1684988766238,"author":{"id":"3586907191866715","authorId":"3586907191866715","name":"SmartHunter","avatar":"https://static.tigerbbs.com/69402f0b380884d842e640f724fb7467","vip":1,"hat":"https://static.tigerbbs.com/a3dee1aa3a3a3c1814833a4d3f8a5669","crmLevel":5,"crmLevelSwitch":1},"htmlText":"Gg sold my nvda shares too quickly","listText":"Gg sold my nvda shares too quickly","text":"Gg sold my nvda shares too quickly","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9970768971","repostId":2338815182,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9970717030,"gmtCreate":1684970601620,"gmtModify":1684970605440,"author":{"id":"4117336023184202","authorId":"4117336023184202","name":"runningjames","avatar":"https://community-static.tradeup.com/news/3467c93ce8ec8c583f28f405e68f0c00","vip":1,"hat":"https://static.tigerbbs.com/b0a2963eb37c60c5d6d4a8dbcd266952","crmLevel":2,"crmLevelSwitch":1},"htmlText":"Wow!","listText":"Wow!","text":"Wow!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":11,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9970717030","repostId":2338815182,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9970714664,"gmtCreate":1684970188658,"gmtModify":1684970192743,"author":{"id":"4102702385674620","authorId":"4102702385674620","name":"N00b","avatar":"https://community-static.tradeup.com/news/2fff337dda34fd1714aa113e5b234fc9","vip":1,"crmLevel":6,"crmLevelSwitch":0},"htmlText":"to the moon!!!","listText":"to the moon!!!","text":"to the moon!!!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":12,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9970714664","repostId":2338815182,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9970714302,"gmtCreate":1684969795006,"gmtModify":1684969799275,"author":{"id":"4087829320241190","authorId":"4087829320241190","name":"CYKuan","avatar":"https://community-static.tradeup.com/news/a600e1308bcb427dcbe9716594333839","vip":1,"crmLevel":5,"crmLevelSwitch":1},"htmlText":"Great[Cool]&nbsp;","listText":"Great[Cool]&nbsp;","text":"Great[Cool]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":14,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9970714302","repostId":2338815182,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9970714954,"gmtCreate":1684969619378,"gmtModify":1684969623251,"author":{"id":"3581563418944392","authorId":"3581563418944392","name":"Andrewinho","avatar":"https://static.tigerbbs.com/3127e2bc40ab23064a5187a00a63e19b","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"Great!! 👏👏👏🚀🚀🚀","listText":"Great!! 👏👏👏🚀🚀🚀","text":"Great!! 👏👏👏🚀🚀🚀","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":10,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9970714954","repostId":2338815182,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":80,"commentSize":6,"repostSize":3,"favoriteSize":3,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.23.1","shortVersion":"4.23.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2338815182"}