Markets rally after Nvidia’s strong results calm AI bubble fears, and investors await US jobs report – business live | Business

Markets rally after Nvidia’s strong results calm AI bubble fears, and investors await US jobs report – business live | Business

Introduction: Nvidia shrugs off AI bubble fears Good morning, and welcome to our rolling coverage of business, the financial markets and the world economy. It’s one risk event down, one to go, for investors today after Nvidia calmed nerves with some sizzling financial results. The chipmaker at the heart of the artificial intelligence boom calmed…

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Nvidia leads semiconductor stocks higher

Nvidia leads semiconductor stocks higher

Shares of Nvidia rose 5% after hours on Wednesday following its latest earnings results. The semiconductor giant posted third-quarter results and guidance that were above Wall Street’s forecast amid insatiable demand for artificial intelligence processors.    Several tech stocks are higher in response to the Nvidia results. Micron (MU) +4.3%, AMD +… Source link

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Wall Street: Nvidia's Blockbuster Earnings Prove AI Is Still Surging

Wall Street: Nvidia’s Blockbuster Earnings Prove AI Is Still Surging

Nvidia’s blockbuster earnings just blew a hole through Wall Street’s AI bubble anxieties. Analysts said the chipmaker’s third-quarter results prove the AI boom is nowhere near running out of steam. On Wednesday, Nvidia posted $57 billion in revenue, topping Wall Street’s $55 billion estimates. Its data center division generated revenue of $51 billion, surpassing the…

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