Nvidia reported $44.1 billion in quarterly revenue, overcoming a $4.5 billion revenue loss linked to China. Its Data Center revenue hit $75.3 billion, driven equally by hyperscalers and enterprise clients, while Networking revenue neared $15 billion with rapid growth as customers adopt full AI infrastructure platforms. Analysts project Nvidia's revenue to surpass $660 billion by fiscal year 2029 as the company broadens its product ecosystem into CPUs, networking, software, and orchestration, capitalizing on expanding AI market opportunities and technological bottlenecks.
Nvidia unveiled new ARM-based hardware at Computex 2026, including the "Vera" CPU designed for AI and data centers. Jim Cramer praised the move, calling it a major positive for ARM Holdings, whose stock has surged over 200% this year. Nvidia is shift...
US stock futures rose following weekend US strikes in Iran targeting radar and command sites in response to aggressive Iranian actions, including the downing of a US drone. The S&P 500 ended May at a record high, supported by strong performances in t...
Goldman Sachs reaffirmed its Buy rating on Nvidia stock with a $285 price target, suggesting a 35% upside from current levels. The firm highlighted Nvidia's expansion into the PC market, leadership in data centers, and opportunities in AI as key grow...
The ALPS Equal Sector Weight ETF (EQL) changed its benchmark on June 1, moving from the NYSE Equal Sector Weight Index to the VettaFi Modelist Equal Weight Sector 500 Index (VFES500). This shift means EQL will now hold individual stocks directly inst...
Nvidia's move into the PC market has triggered a rally in tech stocks during premarket trading, reflecting optimism in the sector. The broader market is buoyed by strong monthly gains and record highs in U.S. and South Korean stocks. Key developments...
