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PALO ALTO, California -- U.S. chipmaker Nvidia reported another quarter of blockbuster earnings Wednesday, with more revenue growth expected in 2024 amid soaring demand for chips powering artificial intelligence.
TOKYO -- The Nikkei Stock Average rallied on Thursday morning after a strong earnings report by U.S. chipmaker Nvidia raised expectations of a continued boom in semiconductor investment.
PALO ALTO, California -- U.S. chipmaker Nvidia on Wednesday forecast revenue above market expectations for its fiscal first quarter, amid growing demand for chips used to power artificial intelligence technology.
Nvidia is scheduled to announce fiscal fourth-quarter earnings after the bell Wednesday in a highly anticipated report that will give Wall Street a sense of how long the AI boom can last.
Shares of two critical chip firms TSMC and ASML fell ahead of U.S.-based artificial intelligence chip designer Nvidia's earnings report.
U.S. stock futures ticked down Tuesday night after the major averages incurred a second day of losses, fueled by a decline in Nvidia.
When Nvidia reports fiscal fourth-quarter earnings after the market close Wednesday, it will do so as the world's third most valuable public company. Investors are giving the company little margin for error.
The so-called "Magnificent 7" now wields greater financial might than almost every other major country in the world, according to new Deutsche Bank research.