To The Moon

We’re rolling into what is expected to be another wild tech earnings season, and you can bet AI is going to be front and center. And if there’s one company that everyone is watching, it’s Nvidia .Shares of the chip giant are up more than 16% in the last month, and the stock is currently on pace to unseat Apple as the largest publicly traded company by market capitalization.The jump comes after Nvidia CEO Jensen Huang said demand for the company’s upcoming Blackwell chip is “insane” during an interview with CNBC on Oct. 3. Since then, shares of Nvidia have climbed roughly 18%, topping out at $130. But reports that the Biden administration will establish a cap on the number of AI chips that can be shipped to certain countries put the rally on hold Tuesday before recovering some ground Wednesday.Nvidia’s incredible stock performance and meteoric rise in data center sales over the last year have put the company in a difficult position for its upcoming earnings announcement, which it has ye

Nvidia's CEO is looking forward to helping to fill a trillion dollars' worth of data center construction.

This article was automatically generated by MarketWatch using technology from Automated Insights.Shares of Tesla Inc. inched 0.80% higher to $221.33 Wednesday, on what proved to be an all-around favorable trading session for the stock market, with the NASDAQ Composite Index rising 0.28% to 18,367.08 and the Dow Jones Industrial Average rising 0.79% to 43,077.70.This was the stock's third consecutive day of gains.Tesla Inc. closed $49.67 short of its 52-week high , which the company achieved on July 11th.Trading volume remained 28.3 million below its 50-day average volume of 77.5 M.Data source: Dow Jones Market Data, FactSet. Data compiled October 16, 2024.This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal.

This article was automatically generated by MarketWatch using technology from Automated Insights.Shares of Netflix Inc. slid 0.56% to $702.00 Wednesday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index rising 0.47% to 5,842.47 and the Dow Jones Industrial Average rising 0.79% to 43,077.70.This was the stock's fourth consecutive day of losses.Netflix Inc. closed $34.00 short of its 52-week high , which the company achieved on October 11th.The stock demonstrated a mixed performance when compared to some of its competitors Wednesday, as Apple Inc. fell 0.89% to $231.78, Walt Disney Co. rose 2.69% to $96.75, and Comcast Corp. Cl A rose 0.33% to $42.25.Trading volume remained 279,274 below its 50-day average volume of 2.8 M.Data source: Dow Jones Market Data, FactSet. Data compiled October 16, 2024.This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones

Price: 887.66, Change: +0.28, Percent Change: +0.03