Nvidia's exceptional first-quarter earnings have driven tech-led gains in the stock market, with the Nasdaq and S&P 500 hitting new records. The chip manufacturer's robust financial performance, including a significant profit increase and a 10-for-1 stock split announcement, has boosted confidence in AI-related stocks.
Analysts have raised price targets for Nvidia due to strong demand for its AI offerings, including the Blackwell system, while billionaires are showing interest in AI stocks like Alphabet, Nvidia, and Meta Platforms. With Nvidia's revenue soaring by 262% and net profit by 600%, the company's success in the AI sector is evident, with plans to introduce new AI chips annually after Blackwell, showcasing the growing importance of AI in tech investments according to Goldman Sachs.
infobud.news is an AI-driven news aggregator that simplifies global news, offering customizable feeds in all languages for tailored insights into tech, finance, politics, and more. It provides precise, relevant news updates, overcoming conventional search tool limitations. Due to the diversity of news sources, it provides precise and relevant news updates, focusing entirely on the facts without influencing opinion. Read moreExpand
