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

Galaxy Digital Applies for Bitcoin Futures ETF
Galaxy Digital Applies for Bitcoin Futures ETF

Galaxy Digital filed a registration statement with the U.S. SEC to create a Bitcoin futures exchange-traded fund.

Crypto
Brazil X Ban

Otar

Brazil X Ban: Implications for the Financial and Trading Sectors

Brazil bans social media network X, impacting traders, brokers, and the financial community. Explore the implications and reactions to this development.

Companies
Get the ultimate solution: B2BinPay Get the ultimate solution: B2BinPay
Sponsored
Oliver

An Introduction to KYC: What it is and Why it Matters
Security is one of the main aspects of people's well-being. Security control at airports, for example, is not a huge surprise for us since so many people gather in one place to travel. To get on the plane, we need to provide an ID card.

discover
What are DeFi liquidity pools?

Liquidity Provider

What are DeFi liquidity pools?

Let's find out: what is a DeFi liquidity pool, why are liquidity pools important, how protected are funds in DeFi liquidity pools and more.

DeFi
Contact us bg

Contact Us

Contact the Liquidity Provider
for any questions and advertising inquiries

    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

    Constantine

    How to Start a Liquidity Provider Business?

    How to Start a Liquidity Provider Business

    Constantine

    How to Start a White Label Brokerage?

    How to start a white label brokerage

    Constantine

    How to Start a Multi-Asset Brokerage?

    How to Start a Multi-Asset Brokerage

    Hazem

    Crypto Ransomware – How They Happen and How to Avoid Them

    Crypto ransomware explained

    Constantine

    Best Web3 Browsers in 2025

    Best Web3 Browsers

    Constantine

    Best DAO Projects in 2025

    Best DAO projects in 2025

    Alexander

    Crypto Nodes That Pay: Your 2025 Guide to Top Passive Income Opportunities in Crypto

    crypto nodes that pay

    Alex

    Pi Network: Scam or Groundbreaking Crypto? The Full Analysis

    Pi Network Explained

    Constantine

    Triple Net Lease: Meaning, Benefits, and Strategies Explained

    Triple Net Lease

    Constantine

    Hanging Man Pattern: How to Identify and Trade It Effectively

    Hanging Man Pattern

    Alex

    5 Infinite Banking Mistakes That Could Cost You Thousands

    Infinite Banking Mistakes to Avoid

    Aleksander

    Solana Firedancer: Solving Solana’s Biggest Problems with a New Engine

    Solana Firedancer explained

    Alexander

    What Is an Interest Coverage Ratio? How to Use This Financial Metric to Evaluate Company Health

    Interest Coverage Ratio Explained

    Hazem

    After-Hours Trading: Can You Trade After Financial Markets Close?

    After-Hours Trading Explained

    Alexander

    How to Scale a Crypto Exchange Business and Stay Competitive

    how to scale crypto exchange business

    Constantine

    Crypto CrypticStreet Review: The Future of DeFi and Secure Crypto Trading

    Crypto CrypticStreet Review: The Future of DeFi and Secure Crypto Trading

    Alexander

    Bitcoin Power Law Explained: How It Shapes BTC’s Long-Term Growth

    Bitcoin Power Law Explained: How It Shapes BTC’s Long-Term Growth

    Hazem

    Megaphone Pattern​: What Is It? How to Use It In Trading

    Megaphone Pattern​: How to Read & Trade with It

    Constantine

    Top 5 Liquidity Bridge Providers in DeFi

    Top 5 Liquidity Bridge Providers in DeFi

    Hazem

    Max Funded IUL Explained: Is It a Legitimate Financial Strategy?

    Understanding Max Funded IUL

    Alexander

    Tax Refund Timeline: When Will You Get Your Tax Return?

    how long does it take for tax refund

    Constantine

    Crypto Liquidity — What is it, and How to Measure It?

    What is Crypto Liquidity and How to Measure It?

    Constantine

    AI in Finance: A Game-Changing Trend Shaping the Industry

    AI in Finance

    Hazem

    5 Ways to Make Money with ChatGPT and Build Your Wealth

    Make Money with ChatGPT
    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.