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Nvidia Stock Surges on AMD Results and Morgan Stanley's Call
2024-07-31 19:55:08
Stocks
Technology
Artificial Intelligence

Nvidia Stock Surges on AMD Results and Morgan Stanley's Call

Nvidia's stock soars 13% driven by AMD's strong performance and a bullish endorsement from Morgan Stanley. Overcoming recent challenges, Nvidia is set to report earnings, up over 130% this year.

Analysts express optimism despite concerns, easing worries about momentum sustainability. Additionally, Nvidia unveils new robotics tools, reflecting the future of AI in robotics.

Amid a tech rally, Microsoft lags, and Broadcom's stock thrives on AI demand, boosted by upcoming restrictions on chip equipment. Despite fluctuations, Nvidia's momentum remains strong in the market.

Related news on that topic:

Analysts Revise Price Targets for Intel, AMD, Seagate, Apple, and ... Arm Stocks

Intel shares have plummeted 40% YTD, prompting analysts to revise price targets and express skepticism about restoring confidence and margins. CEO Gelsinger is leading a turnaround, investing in chip-foundry and cutting jobs, while launching new chips to compete with AMD. Seagate, on the other hand, reported strong earnings and received positive price target revisions due to its technology leadership. Apple is developing a foldable iPhone and plans to integrate AI-powered tasks into its ecosystem. Analysts have adjusted Apple's stock price targets ahead of earnings. Arm Holdings reported solid earnings, but its stock price fell as guidance fell short of expectations. Overall, analysts are closely monitoring these stocks and adjusting their price targets based on company performance and market dynamics.

AMD and Arm Experience Strong Revenue Surge in AI Chip Demand

AMD and Arm, two prominent chip designers, have reported significant revenue growth driven by the increasing demand for AI chips. AMD's Q3 revenue forecast surpasses expectations, boosted by cloud operators and the recovering PC market. Microsoft's investment in AI infrastructure and AMD's strong data center revenue have positively influenced the AI trade. Arm's quarterly revenue surged by 39% and the company expects its sales to align with estimates for the next quarter. Despite the revenue growth, Arm's shares fell due to concerns about its profit margin compared to Nvidia's. Qualcomm also anticipates strong revenue in the coming quarter, driven by the demand for high-end Android devices and AI upgrades. Nvidia's stock rose by 12% following AMD's strong results and Morgan Stanley's bullish rating. The chip industry as a whole is experiencing a rally, with optimism among investors.

Read 24 more recent news on this topic

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Yahoo Finance
31. Juli 2024 um 18:59

Nvidia stock soars 13% after strong AMD results, bullish call from Morgan Stanley

Finance
Technology
Economy
Nvidia stock surges 13% following AMD's strong results, Morgan Stanley's bullish call, and Microsoft's data center spending. Nvidia set to report earnings on Aug 28 and is up over 130% YTD. Morgan Stanley cites 5 concerns but sees strong earnings. CFRA analyst says fears of momentum not lasting are easing.
Yahoo Finance
31. Juli 2024 um 15:01

Nvidia stock soars 10% after strong AMD results, bullish call from Morgan Stanley

Finance
Technology
Economy
Nvidia stock surges 10% after AMD's beat and Morgan Stanley's bullish call, overcoming recent 25% drop on competitive threats, valuation, supply chain, export controls, and spending plan concerns.
Yahoo Finance
6. Dezember 2024 um 14:32

Nvidia Reverses Lower From New High; Is The Stock A Buy Now?

Technology
Finance
Nvidia stock reversed lower after reaching a record high, prompting investors to question whether it is a good time to buy. Analysts at Barclays, Susquehanna, and TD Cowen raised their price targets on the stock, and supply chain checks indicated a smooth transition to next-generation chips. Nvidia's partnerships with Foxconn and Microsoft, as well as its dominance in the data center AI chips market, contribute to its positive momentum.
The Street
2. August 2024 um 14:46

Midday movers: Nvidia stock jumps, AMD, Tesla up, Microsoft sinks TheStreet Daily Newsletter

Finance
Technology
Economy
Tech rally: Nvidia, AMD, Tesla gain; Microsoft down on cloud; Altria drops on results; AMD eyes AI growth.
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