Nvidia Shares Surge to Record High on Strong AI Growth
Nvidia (NVDA) shares reached a record high of $237.55 on Friday, pushing the company's market value to approximately $5.7 trillion. The stock surpassed its previous intraday record of $235.54.
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Nvidia (NVDA) shares reached a record high of $237.55 on Friday, pushing the company's market value to approximately $5.7 trillion. The stock surpassed its previous intraday record of $235.54.
HIVE Digital Technologies (NASDAQ: HIVE ) held its first-quarter earnings conference call on Monday. Below is the complete transcript from the call. This content is powered APIs. For comprehensive financial data and transcripts, visit View the webcast at Summary HIVE Digital Technologies reported a 73% year-over-year r
U.S. stock futures declined Tuesday as the Dow Jones, S&P 500 and Nasdaq 100 indices fell following Monday’s lower close. The Federal Open Market Committee’s two-day meeting will commence, with all eyes on the FOMC’s policy direction. Meanwhile, the 10-year Treasury bond yielded 5.03% at the last check, topping 5% on M
U.S. stocks rose broadly after Fed Governor Christopher Waller signaled he could support leaving rates on hold this month, while traders pared September hike odds to about 50% from 70% earlier in the week.
Broadcom said fourth-quarter revenue will be about $34.8 billion versus estimates of $35.03 billion, while CEO Hock Tan projected AI semiconductor revenue could reach $115 billion in fiscal 2027 and $230 billion in 2028.
NetApp reported fiscal Q1 adjusted earnings of $2.58 a share on revenue of $2.03 billion, both above estimates, and raised full-year guidance. Shares fell premarket after the company said second-quarter gross margin will drop to 67% to 68%.
Elastic reported adjusted earnings of 70 cents a share on $478 million in revenue, raised full-year guidance and said AI adoption is accelerating across its platform.
Marvell Technology shares tumbled nearly 8% in premarket trading after its second-quarter fiscal 2027 results, even as revenue and non-GAAP earnings topped Wall Street expectations.
Cybersecurity shares jumped sharply after strong AI-demand optimism, while Nvidia rose 9% on a forecast for roughly 70% revenue growth next fiscal year. Technology was the only S&P 500 sector in the green midday.
During its second-quarter earnings call, Nvidia leadership rejected criticism that its investments and financing arrangements create circular financing to boost chip demand.
Michael Burry said Nvidia appears “wildly undervalued” on paper after second-quarter earnings, but added the stock is still “treading water” versus recent years’ performance.
U.S. stock futures are mixed Monday, with the S&P 500 and Nasdaq 100 lower, as investors await Nvidia’s quarterly report, other tech earnings, and Fed Chair Kevin Warsh’s Jackson Hole speech.
Ross Stores reported second-quarter revenue of $6.27 billion and earnings of $2.66 per share, both above estimates, and lifted 2026 earnings guidance to $8.61-$8.77 per share.
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While headline S&P 500 second-quarter earnings per share (EPS) growth surged to 37.9%, Alphabet Inc. (NASDAQ: GOOG ) (NASDAQ: GOOGL ) boosted that figure by 12 percentage points—and Carson Investment Research warns that the tech giant’s fine print tells a very different story. The 12-Point Market Distortion According t
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examined the prospects for many investors’ favorite stocks over the last week — here’s a look at some of our top stories. U.S. stocks finished the week on a strong note, with the Dow Jones Industrial Average climbing to fresh record highs as investors rotated into industrials and other value-oriented sectors. The S&P 5