Tag: NVDA
-
Nvidia’s Impressive Financial Performance and Multiple AI Opportunities Drive Market Growth
Stellar Financial Performance in Q3 2024 In its fiscal Q3 2024 (ending Oct. 29, 2023), Nvidia delivered outstanding financial results. Revenues soared by 206% YoY to $18.1 billion, while net income surged by a whopping 1,259% YoY to $9.2 billion. The data center segment, accounting for nearly 80% of Nvidia’s total revenues, experienced an impressive […]
-
Nvidia’s AI Dominance Surges: Here’s Why the Boom Isn’t Over
1. Pioneering Graphics Processing Unit (GPU) and Expanding Applications Nvidia, established in 1993, is renowned for its groundbreaking graphics processing unit (GPU) technology. Initially designed for visually intense video games, GPUs excel at parallel processing, enabling simultaneous computation of multiple tasks. This feature proved invaluable in non-graphics domains, including the training of large language models […]
-
Year of AI: Nvidia Dominates, Meta Grows Up, Cryptos Rebound
The Rise of Weight-Loss Drugs In 2023, weight-loss drugs gained significant traction, with GLP-1 medicines attracting major attention. Developed by Novo Nordisk and Eli Lilly, these drugs mimic a gut hormone that regulates appetite and blood-sugar levels. As demand soared, shortages of these injected medications emerged, and companies are now working to create oral versions, […]
-
Nvidia: The Exceptional Performer Among the Magnificent Seven Tech Stocks
A Year to Remember If you are unfamiliar with the Magnificent Seven, they consist of Nvidia (NVDA 1.50%), Apple (AAPL 0.96%), Microsoft (MSFT 0.27%), Amazon (AMZN 0.23%), Alphabet (GOOG 0.21%) (GOOGL 0.06%), Meta Platforms (META 0.50%), and Tesla (TSLA -1.47%). These companies not only lead their respective industries but also boast massive revenue and profits, […]
-
Discover the 5 Fabulous Growth Stocks That Outperformed Despite the Market Downturn
A Year of Economic Uncertainty in 2022 Unprecedented inflation, soaring interest rates, and one of the worst market downturns in recent memory marked last year. Even the most promising growth stocks were not immune to the repercussions as all three of the major market indices entered bear market territory. Investors were looking for safer choices, […]
-
What Caused Nvidia Stock to Rise 34% in January?
What took place The chipmaker Nvidia (NVDA 0.14%), best known for its graphics processors, saw its shares surge last month as a result of a general upturn in tech equities as well as an increase in interest in all things artificial intelligence (AI)-related following the publication of OpenAI’s ChatGPT. S&P Global Market Intelligence data shows […]