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Morgan Stanley Remains Bullish on Nvidia Stock as its “Top Pick”

Shares of semiconductor giant Nvidia have had a wild ride in recent weeks. However, analysts from Morgan Stanley still believe that the stock will come out on top thanks to the large demand for artificial intelligence chips and the “flexibility” of the company’s supply...

Nvidia Reports Better-Than-Expected Q4 Earnings, Issues Strong Guidance for Current Quarter

Chipmaker Nvidia reported its fourth-quarter earnings after the bell on Wednesday, beating the expectations of Wall Street analysts. The company also issued strong guidance for the current quarter on the back of an “amazing” demand for its latest artificial intelligence (AI) chip Blackwell. Nvidia reported...

Nvidia’s Stock Reaches Record High Before Reversing Course After CES Presentation

The shares of chipmaker Nvidia reached a record-high close on Monday in anticipation of its presentation at the CES trade show. However, following CEO Jensen Huang’s keynote at the event, the stock reversed course and stumbled by more than 6% for its biggest single-day...

Nvidia Beats Estimates on Growing Demand for AI Chips

Chipmaker Nvidia beat Wall Street expectations with its earnings and revenue for the third quarter of fiscal 2024 on the back of growing demand for the company’s powerful artificial intelligence chips. Nvidia’s revenue for Q3 came at $35.08 billion compared to $33.16 billion expected by...

Nvidia Closes at a Record High, Other Chip Stocks Surge as Well

Semiconductor maker Nvidia jumped by 2.43% on Monday to close at a record high amid projected increasing demand for artificial intelligence (AI) chips. Other chip stocks, including Qualcomm and Arm, surged as well. Investors are optimistic about Nvidia’s ability to keep its dominant position in...

U.S. Stocks Rise Amid Nvidia Boom

Stocks on the New York Stock Exchange rose on Tuesday as tech stocks rebounded. The tech-heavy Nasdaq Composite surged by 1.2%, while the benchmark S&P 500 advanced by 0.7%. The Dow Jones Industrial Average edged higher by 0.2%. Chipmaking giant Nvidia was one of the...