Reported 6 months ago
NVIDIA reported strong Q1 earnings, exceeding expectations and projecting increased revenues for the current quarter, leading to a 9.3% after-hours stock gain. The company also announced a 10-to-1 stock split and dividend hike. Despite concerns about a slowdown during platform transitions, NVIDIA's CEO highlighted high demand for AI chips, especially among data center operators. This sustained demand, along with growth beyond major cloud providers, indicates a positive outlook. Additionally, amidst a thriving chip industry, ETFs like SMH, BOTZ, SPRX, CARZ, and TDIV are highlighted as strong investment options in the tech sector, particularly due to AI and chip demand, despite potential Fed interest rate decisions.
Source: YAHOO