Japan's Nikkei share average climbed to the cusp of an all-time peak on Thursday after unexpectedly strong revenue forecasts from U.S. chip designer Nvidia lifted Asian tech stocks.
Japan's Nikkei share average on Thursday surged past an all-time closing high scaled in December 1989 during intraday trade, as chip-related stocks jumped after U.S. chipmaker Nvidia's outlook beat market expectations.
The Nikkei's climb to within a whisker of a record high marks Japanese stocks' long walk out of the investment wilderness as money, momentum and signs of change in corporate Japan put the market back atop global portfolios.
Japan's Nikkei share average on Thursday surged past an all-time closing high scaled in December 1989, as chip-related stocks jumped after U.S. chipmaker Nvidia's outlook beat market expectations.
It certainly feels like we're in the midst of a crypto correction these days. Among the best asset classes for investment in the early days of the year, many digital coins and tokens have reversed course in recent days by trading lower.
Nvidia on Wednesday forecast a roughly threefold surge in quarterly revenue that handily beat estimates as the company banked on towering demand for its industry-leading artificial-intelligence chips, sending its shares up 10% after-hours.
Investor-favorite NVIDIA NVDA has just unveiled Q4 and fiscal year 2024 results, undoubtedly representing the most highly-awaited release of the current earnings cycle.
Nvidia (NVDA) reported $22.1 billion in revenue for the quarter ended January 2024, representing a year-over-year increase of 265.3%. EPS of $5.16 for the same period compares to $0.88 a year ago.
What you need to know… The S&P 500 Index ($SPX ) (SPY ) on Wednesday closed up +0.13%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed up +0.13%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down -0.38%. Stocks on Wednesday settled mixed, with the Nasdaq...
Wednesday, February 21st, 2024It’s tough to recall a more highly awaited single-quarter for a single company than NVIDIA’s NVDA fiscal Q4 results after today’s close. The leader of the A.I.-based tech stocks that became known as t
Nvidia (NVDA) came out with quarterly earnings of $5.16 per share, beating the Zacks Consensus Estimate of $4.55 per share. This compares to earnings of $0.88 per share a year ago. These figures are adjusted for non-recurring item
Treasury yields rose on Wednesday after minutes from the Federal Reserve's last meeting showed concerns about cutting interest rates too soon, while global shares closed flat ahead of Nvidia results that could determine the near-term outlook for equities.
A look at the day ahead in Asian markets. Equity markets across Asia are likely to rise on Thursday,
assuming the initial gains in Nvidia shares in after-hours U.S.
trading on Wednesday following the company's fourth-quarter
earnings are sustained.
The S&P 500 and Dow Jones industrials eked out small gains on Wednesday, while the Nasdaq closed lower for a third straight session as investors awaited the release of Nvidia's earnings that could determine near-term momentum for equities.
(RTTNews) - NVIDIA Corporation (NVDA) released earnings for its fourth quarter that increased from the same period last year and beat the Street estimates.
Wall Street was choppy on Wednesday. The Nasdaq finished lower for a third-straight day, while the Dow and S&P 500 pared their own losses in the final hour of trading to finish marginally higher. Investors are grappling with the Fed's latest meeting minutes, which indicated
The S&P 500 and Dow Jones industrials eked out small gains on Wednesday, while the Nasdaq and Dow Industrials closed lower for a third straight session as investors looked toward the release of Nvidia's earnings that could determine the near-term momentum for equities.
Fool.com contributor Parkev Tatevosian identifies which stock is the better buy, Nvidia (NASDAQ: NVDA) or Taiwan Semiconductor Manufacturing (NYSE: TSM).
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