Signs have popped up that the massive 200% share-price increase this year is grinding to a halt. China and sky-high expectations are to blame.
The giant chipmaker predicted current-quarter sales above Wall Street estimates. But China sales could weigh on results.
The chipmaking giant is taking no time off as it leapfrogs in the AI race with the newest addition to its line of AI-enabling chips.
Nvidia stock soared more than 6% in after hours, topping $500 a share for the first time in its history.
The chipmaker’s quarterly update will be filled with AI, gen AI, and more AI. But the report will also highlight the path forward. That’s the tricky part.
Is the AI Boom Still Fueling Interest in Chipmakers in June?
The company is riding a wave of AI-related hype – as investors believe it could stimulate sale of its GPUs.
The US chipmaker’s stock sits at an all-time high after adding roughly $200bn to its valuation overnight on a revenue forecast far ahead of consensus.
Nvidia’s sales could suffer from proposed restrictions on US companies trading with Huawei.
Wall Street cheered a slight beat in quarterly financial results boosted by AI chip sales.
Dwindling demand could mean there’s a difficult road ahead for the semiconductor industry.
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