I can’t believe how much this stock went up - Dr Boyce Watkins
Category: Entertainment
Duration: 00:15:57
Description:
Duration: 00:15:57
Description:
Nvidia
hit a $1 trillion market cap at the open Tuesday, joining a small club of mostly technology companies. Nvidia’s shares have to hold above $404.86 to maintain that distinction throughout the day.
The stock rose nearly 6% in late morning trading, hitting a fresh 52-week high.
The chipmaker’s shares rocketed last week after it posted quarterly earnings with top- and bottom-line numbers that significantly beat consensus estimates. Nvidia’s gain buoyed other chipmakers, with the notable exception of Intel
, and was also fueled in part by estimates that were more optimistic than expected.
Significantly, Nvidia forecast $11 billion in sales for the second quarter of fiscal 2024 alone. The expected sales were 50% higher than consensus estimates of $7.15 billion.
hit a $1 trillion market cap at the open Tuesday, joining a small club of mostly technology companies. Nvidia’s shares have to hold above $404.86 to maintain that distinction throughout the day.
The stock rose nearly 6% in late morning trading, hitting a fresh 52-week high.
The chipmaker’s shares rocketed last week after it posted quarterly earnings with top- and bottom-line numbers that significantly beat consensus estimates. Nvidia’s gain buoyed other chipmakers, with the notable exception of Intel
, and was also fueled in part by estimates that were more optimistic than expected.
Significantly, Nvidia forecast $11 billion in sales for the second quarter of fiscal 2024 alone. The expected sales were 50% higher than consensus estimates of $7.15 billion.
