Nvidia Slips as Amazon Web Services Confirms Hopper Halt Ahead of Blackwell Launch seekingalpha21:53 Amazon.com 181.56 -1.08% NVIDIA Corp 949.6479 +0.19% Nvidia (NASDAQ:NVDA) shares slipped 1% in early trading after Amazon (NASDAQ:AMZN) Web Services said it had halted purchases of Nvidia's Hopper GPUs in favor of the upcoming Blackwell GPU launch. he move to halt purchases “made sense” given “that the window between Grace Hopper and Grace Blackwell was small,” Amazon told the Financial Times. Nvidia is slated to report fiscal first-quarter results tomorrow after the close of trading. A consensus of analysts expect Nvidia to earn $5.58 per share on $24.59B in revenue. KeyBanc Capital Markets said last week that Nvidia was not seeing much of an impact for its current offerings amid the pendi
Amazon reports strong 1Q results driven by its cloud-computing unit and Prime Video ad dollars $Amazon.com(AMZN)$ Amazon on Tuesday reported strong results for the first quarter, driven by growth in its cloud-computing unit and new advertising dollars from its Prime Video streaming service. The Seattle-based e-commerce giant said it brought in $143.31 billion in revenue in the first three months of this year, a 13% jump compared to the same period last year. Net income came out to $10.43 billion, or 98 cents per share. That soundly beat Wall Street analysts' expectations for 84 cents a share, according to FactSet. "It was a good start to the year across the business, and you can see that in both our customer experience improvements and
@Optionspuppy has long been a Star Contributor in the Tiger Community, consistently providing valuable content. In trading, he primarily focuses on $Invesco NASDAQ 100 ETF(QQQM)$ , $Palantir Technologies Inc.(PLTR)$ , $Manulife(MFC)$ , $Alphabet(GOOG)$ , and $Apple(AAPL)$ , and often utilizes the strangle option strategy for dividend stocks to generate income.He exercises caution in position management by keeping half of his available cash in Tiger vault to safeguard against market crashes. Currently, he has achieved a year-t
Is Google A Buy As Internet Giant Builds Artificial Intelligence Momentum? $Alphabet(GOOGL)$ $Alphabet(GOOG)$ Amid the emergence of generative artificial intelligence, there's debate over whether Google parent Alphabet (GOOGL) stands out as a tech industry leader or laggard. What's clear is that generative AI presents new opportunities as well as risk for Google stock. One big question for GOOGL stock: how will integrating chatbot AI technology into search queries impact advertising revenue? As of the market open on April 15, Google stock had advanced 13% in 2024. Some technical ratings have improved. Further, Google stock ranks No. 42 in the IBD 50 roster of growth companies. First
Tesla to lay off more than 10% of staff globally as sales fall $Tesla Motors(TSLA)$ #tesla #layoff By Victoria Waldersee April 15, 20247:13 PM GMT+8 April 15 (Reuters) - Tesla (TSLA.O), opens new tab will lay off more than 10% of its global workforce, an internal memo seen by Reuters on Monday shows, as it grapples with falling sales amid an intensifying price war for electric vehicles. The world's largest automaker by market value had 140,473 employees globally as of December 2023, its latest annual report shows. The memo did not say how many jobs would be affected. "As we prepare the company for our next phase of growth, it is extremely important to look at every aspect of the company for cost