Nvidia Corp was the biggest story on the company news front in the week that just was, with the chipmaking megacap delivering another resounding revenue beat in the first quarter.
Here is a recap of Proactive's coverage.
NVIDIA tops high earnings expectations, announces 10-for-1 stock split
The company attributed the increase to higher shipments of the NVIDIA Hopper GPU computing platform used for training and inferencing with large language models, recommendation engines, and generative AI applications.
Nvidia adds $233bln in value following mega earnings beat
Nvidia Corp shares rose 10% on Thursday after Wall Street’s darling stock of the artificial intelligence revolution smashed forecasts - yet again.
The rally added some $233 billion in value to the chipmaking titan, bringing its valuation to a new all-time high of $2.56 trillion.
NVIDIA put demand fears to bed with results - analysts
Having laid out an expectation-beating 262% jump in revenue to $26 billion for the first quarter on Wednesday, UBS and Wedbush said key fears had been addressed.
Wedbush noted demand for NVIDIA’s H100 chip was still outstripping supply as H200 output ramps up.
NVIDIA stock split democratizes ownership by lowering barrier to entry
It is not so much that the investment case particularly needs a polish, rather than the company’s phenomenal phase of growth has left the shares out of reach of some investors.
Nvidia forced to cut prices in China to fend off Huawei, reports Reuters
The cuts are interpreted as a strategic move to stay competitive against domestic Chinese tech company Huawei.