Reported 6 months ago
Nvidia's strong revenue forecast led to a 3.5% increase in their shares in after-hours trading, boosting other chip and tech stocks as well. This positive news eased concerns among investors and analysts, with companies like Advanced Micro Devices, Broadcom, Super Micro Computer, Dell Technologies, and Marvell Technology also experiencing gains. Nvidia also announced a ten-for-one forward stock split. Despite the good numbers, there is anticipation that the stock may trade lower the following day as investors analyze the results. Technology stocks, particularly Nvidia, have seen significant gains this year due to optimism surrounding artificial intelligence.
Source: YAHOO