Nvidia’s third-quarter financial results on Wednesday surpassed analyst expectations, signaling that demand for its artificial intelligence chips remains robust amid investor concerns about an AI bubble. The chipmaker reported record revenue of $57 billion for the third quarter, up 22% from the previous quarter and up 62% from a year ago. Earnings per share were…
By Arsheeya Bajwa and Stephen Nellis (Reuters) –Nvidia forecast fourth-quarter revenue above Wall Street estimates on Wednesday, betting on booming demand for its AI chips from cloud providers against the backdrop of widespread concerns of an artificial-intelligence bubble. The results from the AI chip leader mark a defining moment for Wall Street, as global markets…
Stocks moved mostly higher on Wednesday following a tech-led sell-off as investors awaited earnings from Nvidia (NVDA) that will set the tone for the next leg of the AI trade. The Nasdaq Composite (^IXIC) moved up 0.8%, while the S&P 500 (^GSPC) put on 0.5%. The Dow Jones Industrial Average (^DJI), which includes fewer tech…
US stock futures inched higher overnight Tuesday, as Wall Street looks to steady after another tech-led selloff ahead of a closely watched earnings update from Nvidia (NVDA) that will set the tone for the next leg of the AI trade. Dow Jones Industrial Average futures (YM=F) inched up about 0.2%, while contracts tied to the…
French President Emmanuel Macron said on Tuesday that Europe does not want to be a “vassal” that is dependent on US and Chinese tech companies, calling for a “European preference” in the sector. “Europe doesn’t want to be the client of the big entrepreneurs or the big solutions being provided either from the US or…
US stock futures retreated on Tuesday as worries about an AI bubble continued to set markets on edge, with a pivotal Nvidia (NVDA) earnings report and shutdown-delayed jobs data on the horizon. Dow Jones Industrial Average futures (YM=F) fell 0.7%, coming off the worst three-day run for the blue-chip benchmark since April. Contracts on the…
Investors are keenly awaiting the release of Nvidia’s earnings this week (JUSTIN SULLIVAN) Tokyo and Seoul led equity losses on Tuesday, while bitcoin fell below $90,000 as investors grow increasingly worried about frothy tech valuations, with focus on earnings this week from AI chip titan Nvidia. Building anxiety that this year’s record rally linked to…
A leading advisory panel on China policy urged Congress on Tuesday to establish a “consolidated economic statecraft entity” to handle technological and other national security challenges posed by China’s “systematic and persistent evasion” of American export controls and sanctions. “This recommendation addresses the critical gap between export controls and sanctions as written and their actual…
Nvidia (NVDA) will report its highly anticipated third quarter earnings after the bell on Wednesday, its first such announcement since the company’s market capitalization briefly eclipsed $5 trillion last month. The chip giant is the most important bellwether for the AI trade, with any miss or beat on projections set to impact price action on…
US stock futures steadied Monday night as Wall Street looked to regain its footing following a tech-led slide ahead of a pivotal earnings report from Nvidia, and the release of government shutdown-delayed labor data later in the week. Futures tied to the Dow Jones Industrial Average (YM=F), the S&P 500 (ES=F), and the Nasdaq 100…