NVIDIA Financial News

Here is your Pro Recap of the biggest analyst picks you may have missed since yesterday: upgrades at Nvidia, Avery Dennison, Fulcrum Therapeutics, and Louisiana-Pacific.

Check out the companies making headlines in the premarket.

Investing.com — Nvidia (NASDAQ:NVDA) shares touched a fresh record high shortly in early U.S. trading on Thursday after the chipmaker reported stronger-than-anticipated second-quarter revenue thanks to a frenzy of demand for artificial intelligence.

Investing.com — U.S. stocks got a jolt from tech after Nvidia's stronger-than-expected earnings report and outlook, which demonstrated the surge of activity around artificial intelligence.

Investing.com — Nvidia delivers quarterly earnings that smash expectations as the chipmaker and AI darling proclaims that computing has entered a «new era.» The results push Nvidia shares higher in premarket trading. Meanwhile, a yearly gathering of central bankers in Jackson Hole, Wyoming is set to begin, with investors focused on comments from Federal Reserve Chair Jerome Powell on Friday.

By Stephen Nellis and Max A. Cherney

Investing.com — Nvidia Corporation (NASDAQ:NVDA) reported better-than-expected second-quarter results and upbeat guidance as the race to adopt generative artificial intelligence continues to bolster demand for its chips.

Investing.com — U.S. futures traded in a mixed fashion Thursday, with the tech sector dominating after Nvidia’s strong quarterly numbers.

Nvidia Corp.’s Chief Executive Officer Jensen Huang grew as much as $4.2 billion richer after the company’s latest earnings and forecast beat estimates. The shares surged as much as 10% in aftermarket trading, boosting Huang’s total fortune to $46.1 billion, according to the Bloomberg Billionaires Index.

Nvidia Corp. shares were set to hit a record high in early trading after the chipmaker at the forefront of an industrywide artificial intelligence race delivered a third-straight sales forecast that surpassed Wall Street estimate.

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Reserve Bank of India's policy meeting minutes, Indian equity markets opened higher on Thursday, led by banking, financial, and IT stocks. The BSE Sensex was trading 467 points or 0.71% higher at 65,752. Nifty50 was trading at 19,567, up 132 points or 0.68% at around 9.55 a.m. Among Sensex stocks, L&T, Tech Mahindra, JSW Steel, and Infosys opened with gains, while only Jio Financial Services and NTPC opened with losses.Atul Auto shares opened over 4% higher after European firm Societe Generale bought 140,000 shares of the firm.

ChatGPT language-generation tool. AI is growing rapidly and many companies now see AI as critical to their future growth.

Also Read: 6 things that changed for market overnight: Gift Nifty, Nvidia share rally to global market cues for Sensex today Here’s what to expect from Nifty and Bank Nifty today: The Nifty traded within the broader range of 19,300 and 19,500. “On the daily timeframe, the headline Nifty index has been fluctuating between the boundaries set by the 21-day Exponential Moving Average (EMA) at 19,471 and the 50-day EMA at 19,281. Looking ahead, the Nifty is likely to maintain this range bound movement as long as it remains within these established thresholds," said Rupak De, Senior Technical analyst at LKP Securities.

Indian stock market is expected to open higher on Thursday following a rally in global peers. Asian shares gained in the morning trade, while US stock ended higher overnight on renewed hopes that central banks will pause their interest rate hikes after weak economic data. On the domestic front, the Indian equity market rallied on Wednesday with the benchmark Nifty closing above 19,400 level.

Computer chip maker Nvidia has rocketed into the constellation of Big Tech’s brightest stars while riding the artificial intelligence craze that’s fueling red-hot demand for its technology

Wall Street had its best day since June as pressure on stocks from the bond market relaxed a bit

Wall Street rallied for its best day since June as pressure on stocks from the bond market relaxed a bit

Shares of computer chip manufacturer Nvidia soared nearly 10% in after-hours trading as surging demand for AI chips saw the firm post Q2 earnings that significantly beat Wall Street estimates.

Check out the companies making headlines in extended trading.

Nvidia shares rallied almost 3% on Wednesday as traders bet the chip designer will deliver a strong outlook after the bell and boost the US stock market as it reaps the benefits of early investments in artificial intelligence. Nvidia's shares have more than tripled this year, with the chipmaker at the center of a Wall Street technology rally fueled by optimism about the potential of AI. Its stock market value of $1.16 trillion makes Nvidia the world's most valuable chipmaker by far, more than double the value of TSMC, the world's second most valuable chip company. Nvidia's shares briefly hit a record high in the previous session. «It's not often that the fate of the market rests in the hands of just one stock, but it very much feels like that is what's going on at the moment,» said JJ Kinahan, chief executive officer of IG North America. Retail investors made net purchases of $186 million in Nvidia shares over the past week, JPMorgan said in a report on Wednesday. Nvidia dominates the market for high-end processors designed for AI computing, and its stellar outlook in the previous quarter sent its shares soaring over 20% and ignited a rally in the S&P 500 technology sector, which surged 8% in the five sessions after its results. Options data showed the stock could swing nearly 11% by Friday, larger than the 8.6% average move in either direction seen a day after Nvidia's results over the last eight quarters. Nvidia is part of the so-called Magnificent Seven group of megacap stocks including Apple and Tesla that have powered the S&P 500's nearly 16% recovery this year. Bullish investors are betting a strong report and forecast from the company will revive a US stocks rally that has paused in recent weeks.