NVIDIA Financial News

Investing.com — Investors await the release of fresh labor market data after numbers on Tuesday showed that job openings in the U.S. fell to their lowest level in over two years in July. Meanwhile, shares in Nvidia (NASDAQ:NVDA) close at a fresh record high as the semiconductor group and AI-darling announces a new partnership with Google (NASDAQ:GOOGL). Elsewhere, the price of Bitcoin shoots up following an appeals court ruling that could pave the way for the listing of an exchange-traded fund that tracks the popular cryptocurrency.

By Jamie McGeever

Nvidia Corp's soaring rally has thrilled investors this year — except for the sizeable number of fund managers who avoided what they believe to be an expensive stock. Shares of the semiconductor company — whose chips power generative AI apps such as ChatGPT — have more than tripled this year in a rally fueled by excitement over the prospects for artificial intelligence. Yet many funds hold less of the stock in their portfolios compared with Nvidia's weight in key equity indexes, making it tougher for them to beat their benchmarks. Across nearly 330 mutual funds benchmarked to the S&P 500 or a similar index, only 15% held an above-index weight in Nvidia, according to a Morningstar analysis of the funds' most recent regulatory filings.

Nvidia and other megacap growth stocks after a drop in monthly job openings cemented expectations of a pause in interest rate hikes by the U.S. Federal Reserve. The S&P 500 logged its strongest one-day gain since June 2, while the Nasdaq notched its strongest session since July 28, and both indexes closed at more than two-week highs. The sharp gains came after the Labor Department's Job Openings and Labor Turnover Survey (JOLTS) showed the number of job openings stood at 8.827 million in July, falling for the third straight month and signaling easing labor market pressures. Investors also parsed a report from the Conference Board showing consumer confidence in the United States fell to 106.1 in August, compared with expectations of 116. Interest rate futures signaled an 87% chance the Fed will keep rates steady at its September meeting and a 54% chance it will keep rates on hold through November, according the CME Group's FedWatch tool. «Investors are of the mindset that 'You know what, maybe interest rate hikes are indeed behind us.

(Reuters) — Hewlett Packard Enterprise (NYSE:HPE) forecast fourth-quarter revenue below Wall Street estimates on Tuesday, at a time when demand for the company's servers is taking a hit from soft enterprise spending coupled with fierce competition from more AI-focused rivals, sending its shares down 2.3% after the bell.

Nasdaq-listed Iris Energy has bought 248 state of the art Nvidia H100 GPUs for $10 million as it looks to explore opportunities in generative AI in addition to its core business focus on Bitcoin mining.

Nvidia's strong quarterly report last week have left the world's most valuable chipmaker trading at its lowest forward earnings multiple in eight months. Nvidia's stock added nearly 2% to $468 on Monday, leaving it down almost 1% since last Wednesday, when the Santa Clara, California company far exceeded expectations with its quarterly revenue forecast as an artificial-intelligence boom fueled demand for its chips. At that price, Nvidia shares are trading at the equivalent of around 33 times expected earnings over the next 12 months, according to Refinitiv data.

By Nell Mackenzie and Carolina Mandl

Earlier this week, US 10-year yields reached 4.36%, the highest point in over a decade. This comes as part of a medium-term upward trend that began in April of this year, fueled by both fundamental and technical factors.

Powell at Jackson Hole. U.S. yields stabilised below 14-year highs.

Wall Street closed lower, despite a blowout profit report from Nvidia, as bond yields rose ahead of a highly anticipated speech from Federal Reserve Chair Jerome Powell

By Amruta Khandekar and Shristi Achar A

Render (RNDR) has once again shot-up, following a strong quarterly performance by leading GPU-manufacturer Nvidia - but with RNDR on the move, is it too late to buy Render?

Thursday's selloff in U.S. stocks, despite another strong earnings report from Nvidia Corp (NASDAQ:NVDA), has led Morgan Stanley to suggest that this year's rally may be «exhausted» and could lead to further declines.

Investing.com — U.S. stock futures traded higher Friday, bouncing back after the previous session’s hefty losses ahead of Fed Chair Jerome Powell’s key speech at the Jackson Hole symposium.

Here is your Pro Recap of the biggest earnings reports you may have missed this week and how analysts responded: numbers out of tech names Nvidia, Marvell, Snowflake, and Zoom, as well as retailers Ulta Beauty, Gap, and Nordstrom.

Technology stocks are in trouble, with the buzz around artificial intelligence set to be overshadowed by the effects of higher-for-longer interest rates, according to Bank of America Corp. strategists.

Stocks that traded heavily or had substantial price changes Thursday: Petco, Spirit AeroSystems fall; Nvidia, Guess rise

Investing.com — The Dow closed lower Thursday, sidestepping a rip-roaring move higher in Nvidia (NASDAQ:NVDA) as investors remain wary of making bullish bets a day ahead of potential clues on monetary policy from Federal Reserve chairman Jerome Powell at the upcoming Jackson Hole symposium.

Investing.com — European stock markets are expected to open largely lower Friday, following the weak lead from Wall Street overnight ahead of more monetary policy cues from the Jackson Hole Symposium. 

BEIJING — U.S. chipmaker Nvidia this week soundly beat analysts' expectations for major revenue lines — except in automotive — as Chinese demand for electric cars moderates.