Nvidia's earnings cleared our lofty bar. Here’s our new price target on the AI chip king

Nvidia’s earnings cleared our lofty bar. Here’s our new price target on the AI chip king

Nvidia shares moved lower Wednesday evening despite another beat-and-raise quarter. Simply put, the leading maker of AI chips again fell victim to the curse of high expectations. That’s not a concern to us, though, because Nvidia’s underlying fundamentals and long-term outlook appear to be as healthy as ever. Revenue surged 94% year over year to…

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Nvidia Q3 Results: The stock, which has already surged 195 per cent this year, reflects Nvidia's pivotal role in the AI boom.

Nvidia Q3 Result: Stock declines even as revenue nearly doubles; guidance fails to meet expectations

Nvidia Q3 Results: Nvidia delivered blockbuster third-quarter results on Wednesday, with revenue nearly doubling amid unrelenting demand for its artificial intelligence chips. However, the company’s stock fell as much as 3% in limited after-hours trading, reflecting investor hesitation despite an improved outlook. The company posted revenue of $35.08 billion for the quarter ending October 27,…

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Stock market today: Live updates

Stock market today: Live updates

Traders work on the floor of the New York Stock Exchange at the opening bell on November 13, 2024, in New York City.  Angela Weiss | AFP | Getty Images Stock futures are near flat Wednesday night as investors parsed the all-important earnings release from artificial intelligence darling Nvidia. Dow Jones Industrial Average futures added…

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Nvidia stock dips despite optimistic forecast for 'Age of AI'

Nvidia stock dips despite optimistic forecast for ‘Age of AI’

The Claman Countdown panelists Scott Bauer and Jay Woods unpack the companys earnings. Nvidia released its earnings report on Wednesday and projected that fourth-quarter sales were above Wall Street estimates, but investors balked as those figures fell short of the lofty expectations the artificial intelligence (AI) giant has garnered during its historic rise. Nvidia forecast fourth-quarter…

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Dow Jones Futures: Nvidia Earnings Double, CEO Jensen Huang Hails 'Age Of AI'; A Market Non-Event?

Dow Jones Futures: Nvidia Earnings Double, CEO Jensen Huang Hails ‘Age Of AI’; A Market Non-Event?

Dow Jones futures and S&P 500 futures tilted higher after hours, while Nasdaq futures edged lower. Nvidia (NVDA) reported earnings and guidance with huge implications for the overall market and especially artificial intelligence plays such as Taiwan Semiconductor (TSM), Broadcom (AVGO) and Astera Labs (ALAB). Palo Alto Networks (PANW) and Snowflake (SNOW) also reported. ↑…

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