2024-08-01 14:59:08
Stocks
Technology

Nvidia Stock Surges 13% on Strong AMD Results and Morgan Stanley's Bullish Call

Following AMD's robust performance and Morgan Stanley's positive outlook, Nvidia's stock soared 13%. Microsoft's increased data center spending also contributed to the surge.

Analysts are optimistic about Nvidia's upcoming earnings report, with the stock already up over 130% this year. Concerns raised by Morgan Stanley are overshadowed by expectations of strong earnings.

Similarly, AMD's stock price target is revised post-earnings, with analysts like Bank of America projecting significant growth. The global AI market sees heightened competition with Nvidia now the third most valuable company worldwide, buoyed by its dominance in the high-end AI chip sector.

Despite Nvidia CEO Jensen Huang's substantial stock sale, investor confidence remains high with expectations of the Blackwell GPU platform enhancing company performance.

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.
The Street
3. August 2024 um 11:49

Analysts reboot AMD stock price target after earnings TheStreet Daily Newsletter

Economy
Technology
Finance
AMD, the second-largest data-center GPU vendor, reported strong Q2 earnings driven by record data-center revenue, with CEO Lisa Su highlighting the ramp-up of Instinct MI300 GPUs and double-digit growth in EPYC and Ryzen sales. Analysts, including Bank of America, Truist, and Morgan Stanley, adjusted their price targets, with Bank of America raising its 2024 MI300 sales forecast to $4.5B+. The article includes a photo of Lisa Su at the 2023 Code Conference.
Kinh doanh - VnExpress
1. August 2024 um 09:27

Vốn hóa Nvidia tăng mạnh nhất lịch sử chứng khoán Mỹ

Technology
Finance
Economy
Nvidia's stock surged 13%, adding $330 billion to its $2.88 trillion market cap - the largest single-day gain in US stock market history, surpassing its previous record of $3.34 trillion. Nvidia is now the third most valuable company in the world, controlling around 80% of the high-end AI chip market. Investors are bullish on Nvidia's advanced AI chips, as Microsoft plans to expand its global data center network to meet AI demand, contributing 20% of Nvidia's most advanced AI chip sales, and M..
Yahoo Finance
1. August 2024 um 09:50

Nvidia CEO Jensen Huang Sold $296 Million of His Company's Stock in July. Should Investors Be Worried?

Finance
Economy
Technology
Nvidia CEO Jensen Huang sold $296 million of his company's stock in July. The sales were related to Huang's compensation and do not reflect a lack of confidence in Nvidia. Nvidia's business prospects remain strong, and the upcoming launch of the Blackwell GPU platform could further boost the company's performance. However, the Motley Fool Stock Advisor team has identified 10 better stocks for investors to buy now, and a $1,000 investment in Nvidia in 2005 would have grown to over $635,000 with..
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