Artificial intelligence powerhouse Nvidia announced a blockbuster earnings report for the company's second quarter along with a $25 billion stock buyback as it rides the AI boom.
I/O Fund lead tech analyst Beth Kindig explains how investors should approach the stock on Making Money.artificial intelligence Santa Clara, California-based Nvidia has emerged as a powerhouse in the AI space in large part due to its advanced computer chips, which are used in most generative AI apps and the training of large language models that power them. Nvidia’s earnings results from the second quarter of the company’s fiscal year showed that its momentum is continuing to build.
Nvidia announced a $25 billion stock buyback after a blockbuster Q2 earnings report and a strong revenue forecast for Q3. Nvidia’s second-quarter revenue came in at $13.5 billion, beating estimates of $11.2 billion. Its forecast for the third quarter projects a jump to about $16 billion, plus or minus 2%, which exceeded the expectations of analysts polled by Refinitiv, who on average projected $12.6 billion.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Nvidia forecast tops Wall Street expectations, $25 billion share buyback planned By ReutersNvidia forecast tops Wall Street expectations, $25 billion share buyback planned
Consulte Mais informação »
Exelixis price target raised to $29 vs. $25 at OppenheimerOppenheimer has raised its Exelixis Inc. price target to $29 from $25, citing the biotech’s Phase 3 CONTACT-02 trial evaluating Cabozantinib in combination...
Consulte Mais informação »
Today's deals: $160 AirPods Pro, Bose soundbars, Sony ANC headphones, $25 Echo Pop, moreTuesday's top tech deals include renewed AirPods Pro, Bose soundbars, Sony ANC headphones, Amazon Echo Pop, and more.
Consulte Mais informação »
Gifts under $25 to help you say thanks to your teacherDon't wait until Teacher Appreciation Day to thank your child's teacher! Check out these 10 affordable gifts to show your teacher that you care.
Consulte Mais informação »
Gifts under $25 to help you say thanks to your teacherDon't wait until Teacher Appreciation Day to thank your child's teacher! Check out these 10 affordable gifts to show your teacher that you care.
Consulte Mais informação »