Earnings from Nvidia Spark a Massive AI Stock Rally. The Excitement is Growing.

May 26, 2023

Articles: FinTech - Liquidity Provider: Business & FinTech Media

Nvidia’s shares jumped early Thursday, propelling other chipmakers and AI-exposed firms higher after the company’s outlook exceeded expectations owing to rising demand.

The chip maker’s earnings lived up to the generative AI hype, according to KeyBanc Capital Markets analysts, who raised their price objective on the company from $375 to $500. They added that Nvidia remains uniquely positioned to benefit from AI/machine-learning secular data-center growth.

Nvidia (NVDA) outperformed expectations in its fiscal first quarter, but it was the company’s second-quarter estimate that caught everyone’s attention. Revenue in the current quarter is predicted to be $11 billion, plus or minus 2%, more than the $7.2 billion average estimate of FactSet analysts.   

This projection boosted the stock by 25% before the market opened. It also helped other corporations with a stake in the artificial intelligence game. In premarket trading, C3.ai (AI) gained more than 9%, Palantir Technologies (PLTR) gained 7.5%, and Arista Networks (ANET) gained 7%.

Microsoft (MSFT) and Alphabet (GOOGL) shares were both up approximately 2%. Rival semiconductor firms similarly vulnerable to AI saw increases, with Advanced Micro Devices (AMD) rising 8.5% and Micron Technology (MU) up roughly 4.5%.

In the first quarter, Nvidia announced adjusted profits per share of $1.09, exceeding projections of 92 cents, while sales of $7.2 billion were also above expectations of $6.5 billion.  

“The computer industry is going through two simultaneous transitions — accelerated computing and generative AI,” CEO Jensen Huang said in a statement. “Our entire data center family of products — H100, Grace CPU, Grace Hopper Superchip, NVLink, Quantum 400 InfiniBand, and BlueField-3 DPU — is in production. We are significantly increasing our supply to meet surging demand for them,” he added.

Subscribe Our Newsletter

Banks Are Strong Financially. Why Earnings Don’t Reflect It
Banks Are Strong Financially. Why Earnings Don’t Reflect It

Second-quarter earnings were even more of a puzzle in a perplexing year for banks, and it could be related to earnings projections. Simply put, the banks' earnings were less than they were last year and, in many cases, significantly weaker than analyst projections, despite their sound financial standing.

Banks and Finance
Elon Musk SEC Lawsuit – Is The SEC Right This Time?

Hazem

Elon Musk SEC Lawsuit – Will X’s Owner Become The US Regulator’s New Victim?

The SEC returns with a new lawsuit filed against Elon Musk after not attending a scheduled testimony in Los Angeles. How will this Elon Musk SEC battle evolve?

Companies
B2BROKER Liquidity B2BROKER Liquidity
Sponsored
Alexander

What Is a Workforce Investment Area?
The workforce is the backbone of any economy, and investing in it is crucial for the sustained growth and development of a country. Each year, workforce investment programs serve nearly 23 million people in the United States.

discover
Best Fintech Website Development Agencies for 2025

Alex

Top 10 Fintech Website Development Agencies for 2025

A well-executed user experience can deliver a return on investment as high as 9,900%, according to Forrester Research. In the fintech sector, where the website itself is the product, this statistic is a direct measure of a company’s viability. The challenge for any fintech firm is that building such a platform requires more than just […]

Fintech
Contact us bg

Contact Us

Contact the Liquidity Provider
for any questions and advertising inquiriesb2broker

    Please fill out this contact form to get in touch with us

    / 3000

    By clicking “Get in touch” button, you agree to the privacy policy

    Successful!
    Thank you for your request.
    We will contact you shortly.
    Close

    Hazem

    MetaTrader vs cTrader: Which Trading Platform Shall You Choose?

    MetaTrader vs cTrader: The Full Breakdown

    Сonstantine

    Will Dogecoin Reach $1? Tokenomics and Price Analysis

    Will Dogecoin Reach 1 Dollar Analysis

    Сonstantine

    How to Get a Crypto Exchange License?

    How to Get Crypto Exchange License

    Сonstantine

    Best Crypto to Buy Now: Guide for Investors

    Best Crypto To Buy Now

    Hazem

    Grok vs ChatGPT: What’s the Best AI Assistant You Need in 2025

    Grok vs ChatGPT

    Сonstantine

    How to Choose the Right Liquidity Provider for Your Brokerage

    How to Choose the Right Liquidity Provider for Your Brokerage

    Сonstantine

    Low-Latency Trading Defined: Speed, Strategy and Technology

    Low-Latency Trading Explained

    Hazem

    How Liquidity Depth Affects Slippage in High-Volume Trading

    Liquidity depth and slippage in trading

    Hazem

    What is FIX API Liquidity Connection and How Does it Power Institutional Trading?

    FIX API in institutional trading

    Сonstantine

    OTC Trading Strategies and Technologies to Succeed in Over-the-Counter Markets

    OTC Trading Strategies

    Alexander

    What is OTC Trading? A Complete Guide for 2025

    what is OTC

    Alexander

    Synthetic Futures: A Trader’s Guide to Replicating Positions with Options

    How to Trade Synthetic Futures

    Сonstantine

    Order Book Depth: What It Is And Why It Matters?

    Order Book Depth What It is And Why It Matters

    Alexander

    Spot vs Perpetual Futures: Which Is Right for You?

    Spot vs Perpetual Futures explained

    Hazem

    5 Reasons Traders Are Switching to Perpetual Futures

    5 Reasons to Switch to Perpetual Futures

    Constantine

    Top 3 Liquidity Challenges Facing New Exchanges and How to Solve Them

    Top 3 Liquidity Challenges Facing New Exchanges Today

    Constantine

    Financial Planning in the Cryptocurrency Era — Master Crypto and Digital Asset Strategies

    Financial Planning in the Cryptocurrency Era

    Hazem

    Best Platforms to Trade Perpetual Futures in 2025

    Best platforms to trade perpetual futures in 2025

    Alex

    Top 10 Fintech Website Development Agencies for 2025

    Best Fintech Website Development Agencies for 2025

    Сonstantine

    Internal vs External Range Liquidity In ICT Trading Explained

    Internal vs External Range Liquidity In ICT Trading

    Constantine

    Portfolio Backtesting — Tools, Metrics, and Methods Explained

    Portfolio Backtesting

    Сonstantine

    ICT Trading Explained: Smart Money Concepts, Tools and Setups

    ICT Trading Explained

    Сonstantine

    CFD Trading Strategies: A Practical Guide to Risk and Execution

    CFD Trading Strategies

    Alexander

    What is a Fair Value Gap? A Guide to Trading Market Imbalances

    What is Fair Value Gap
    liquidity-provider-logo
    • News
      • Stock Market Forecast
      • Stocks
      • Banks and Finance
      • Companies
      • Crypto
      • Forex
      • AI
      • Technology
      • DeFi
      • NFT
    • Articles
      • Crypto Payments
      • Trading
      • Crypto Exchange Business
      • Forex Business
      • Fintech
      • Liquidity
      • FinTech Awards
      • Blockchain
      • Investing
      • NFT
      • DeFi
    • More
      • Videos
      • Liquidity Providers List
      • Crypto Payment Providers
      • White Label Brokerage Platforms
      • Broker CRM Platforms
    [email protected]

    © 2024 Liquidity Provider. All Rights Reserved

    Privacy Policy Cookie Policy
    This site is registered on wpml.org as a development site. Switch to a production site key to remove this banner.