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Nvidia stock rose as much as 4% on Tuesday following a series of bullish notes from Wall Street analysts ahead of its earnings report.
The market appears optimistic, with AI chip leader Nvidia (NASDAQ: NVDA) trading at 34 times forward earnings estimates and challenger Advanced Micro Devices (NASDAQ: AMD) trading at 30 times.
With investors betting on strong demand for its current and next-generation AI processors, the Santa Clara, California company's stock climbed 2.4% to end the day at $138.07. In June, Nvidia ...
Data Source: Investor relations. Over the last year, Nvidia's data center businesses has decelerated significantly.At the same time, AMD's data center business has evolved from essentially nothing ...
This report came after the stock closed at a record high of $504.09 per share on Monday. Nvidia stock fell about 0.9% on Tuesday ahead of the results along with the broader market.
Shares of Nvidia rallied to a record high on Thursday, making the chipmaker the first company in history to surpass a stock market value of $3.6 trillion as Wall Street extended a rally sparked by ...
Get breaking Business News and the latest corporate happenings from AOL. From analysts' forecasts to crude oil updates to everything impacting the stock market, it can all be found here.
Meanwhile, Consumer Discretionary stocks gained 1.4% after Tesla jumped 7.2% following a report that members of Trump's transition team were seeking to ease U.S. rules for self-driving cars.
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