Nvidia, Earnings Attest
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Nvidia, Stock Market
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Nvidia reported quarterly results that handily topped Wall Street expectations, sending the stock sharply higher in after-hours trading.
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Stock Market Today: Indexes Break Losing Streaks With Nvidia Pre-Earnings Jump (Live Coverage)
Inside the blue chip index, Amazon AMZN and Caterpillar CAT rose 0.2% and 0.6%, respectively, in morning trading. Amazon stock breached its 50-day moving average Tuesday.
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Stock Market Live November 20: S&P 500 (VOO) Surges on Strong Jobs, Nvidia Reports
Everything that could go right to drive the stock market higher today, appears to be going right, and the Vanguard S&P 500 ETF (NYSEMKT: VOO) is up 1.5% premarket -- that's the long and the short of how things stand Thursday morning.
Fears about the artificial intelligence boom turning into an overblown bubble have diminished for now, thanks to a stellar earnings report from Nvidia.
Nvidia shares rose about 5% in off-hours trading following the AI chipmaker's earnings on Wednesday. + That would be well above the average price gain for the past eight quarters on the trading day after earnings,
Three Chinese nationals were charged with smuggling Nvidia and HP products to China, according to charges unsealed by the Justice Department on Thursday. Starting in September of 2023, Hon Ning Ho, Brian Raymond, Cham Li and Jing Chen allegedly exported chips to China.
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HSBC analyst Frank Lee joined the chorus of analysts cheering Nvidia's commentary, both for its industrywide implications and its suggestion of further upside ahead at the world's largest company. "Nv