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Tag: NVIDIA Corp

The meta drop gives a false picture of returns. We are increasing our price target

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The meta drop gives a false picture of returns. We are increasing our price target

Don't let the after-hours market action fool you, Meta Platforms delivered a really strong third quarter and a current quarter revenue report that was above expectations. Revenue rose nearly 19% year-on-year to $40.59 billion in the three months ended Sept. 30, beating expectations of $40.29 billion, according to analyst estimates compiled by LSEG. Third-quarter earnings […]

Super Micro's $50 billion stock collapse highlights the danger of AI hype

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Super Micro's billion stock collapse highlights the danger of AI hype

The headquarters of Super Micro Computer Inc. in San Jose, California, USA, on Tuesday, January 5, 2021. Bloomberg | Bloomberg | Getty Images In March, Super microcomputer was added to the S&P 500 after an epic rise that boosted the stock by more than 2,000% in two years, eclipsing it Nvidia's Profits. As it turned […]

Q3 2024 Meta Earnings Report

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Q3 2024 Meta Earnings Report

Meta CEO Mark Zuckerberg testifies during the Senate Judiciary Committee hearing titled “Big Tech and the Online Child Sexual Exploitation Crisis” on Wednesday, January 31, 2024, in the Dirksen Building. Tom Williams | CQ Roll Call, Inc. | Getty Images Meta reported weaker-than-expected user numbers and warned of a significant acceleration in its infrastructure spending […]

Super Micro auditor resigns after raising concerns months ago

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Super Micro auditor resigns after raising concerns months ago

Sopa pictures | Light rocket | Getty Images Great microphones Shares plunged as much as 35% on Wednesday morning after the company announced that its auditor had resigned following months of disagreements with the company over governance and board independence. Ernst & Young said in its resignation letter that it was “unwilling to be associated […]

Here's how to get it on your iPhone

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Here's how to get it on your iPhone

Apple CEO Tim Cook poses as Apple holds an event at the Steve Jobs Theater on its campus in Cupertino, California, on September 9, 2024. Manuel Orbegozo | Reuters Apple On Monday, iOS 18.1, an update that brings the company's artificial intelligence called Apple Intelligence, was released for the iPhone 16 and iPhone 15 Pro. […]

Bank of America Raises Nvidia Price Target, Says Shares Can Rise Nearly 40%

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Bank of America Raises Nvidia Price Target, Says Shares Can Rise Nearly 40%

According to Bank of America, Nvidia could be poised for even more growth. Analyst Vivek Arya reiterated his Buy rating on the chip giant and increased his price target by $25 to $190. This represents an increase of approximately 38.8% compared to Thursday's closing price. That would add to the tremendous rally it has already […]

Profit beats expectations as AI boom fuels 54% surge

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Profit beats expectations as AI boom fuels 54% surge

In this photo illustration, a TSMC logo is displayed on the screen of a smartphone. Sopa pictures | Light rocket | Getty Images Taiwan Semiconductor Manufacturing Company on Thursday reported a 54% rise in third-quarter net profit and forecast annual sales growth in the final three months of the year as global chipmakers continue to […]

The plunge in ASML shares shaves over $50 billion from the Dutch chip giant's value

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The plunge in ASML shares shaves over billion from the Dutch chip giant's value

An ASML symbol is displayed on a smartphone and an ASML chip is visible in the background. Photo only | Photo only | Getty Images Shares in the semiconductor equipment manufacturer ASML fell 16% on Tuesday after the Dutch company reported financial results a day early and gave disappointing sales forecasts. According to CNBC calculations […]

ASML's 2025 outlook shows US chip export restrictions impacting sales in China

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ASML's 2025 outlook shows US chip export restrictions impacting sales in China

An ASML symbol is seen on a circuit board next to the flags of the United States and China in this photo illustration taken in Brussels, Belgium, on January 4, 2024. Jonathan Raa | Photo only | Getty Images ASML gave a first glimpse Tuesday of how U.S. restrictions on exports of its advanced chip-making […]

AMD launches AI chip MI325X to compete with Nvidia's Blackwell

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AMD launches AI chip MI325X to compete with Nvidia's Blackwell

AMD On Thursday, the company launched a new artificial intelligence chip that directly targets Nvidia's data center graphics processors, known as GPUs. The Instinct MI325X, as the chip is called, will begin production before the end of 2024, AMD said Thursday during an event to announce the new product. When AMD's AI chips are viewed […]