Wedbush Securities increased its price target for Nvidia to $345 from $330 following the chipmaker's strong Q2 results, which included $96.2 billion in revenue, up 106% year-on-year, and earnings of $2.22 per share, both beating estimates. Nvidia also issued its first full-year revenue guidance, forecasting around 70% growth for the fiscal year ending January 2028, driven by record data center sales and a $2 trillion cloud backlog. Despite supply constraints and rising memory costs impacting margins, Nvidia's outlook remains robust with significant supply commitments and new product ramps expected to support growth.
SpaceX stock opened at $135 during its IPO but has struggled to maintain gains, currently trading slightly above IPO price but below initial day prices. A $10,000 investment at IPO would yield modest profits or losses depending on timing, with the st...
Salesforce and Nvidia both reported strong earnings that challenged bearish predictions about AI undermining their businesses. Salesforce beat revenue and earnings estimates, showing growth in customer seats and pricing, while Nvidia forecasted 70% r...
Nvidia and Palantir both reported impressive earnings with triple-digit growth driven by AI, but Nvidia's valuation and cash flow make it a clearer buy. Nvidia's revenue hit $96.22 billion, fueled by its Blackwell Ultra and Vera Rubin products, with ...
President Trump called Micron Technology one of the world's "hottest" companies following Nvidia's announcement of $279 billion in supplier commitments, mostly for AI-related memory. Nvidia's Q2 revenue doubled year-over-year, with memory prices risi...
Nvidia reported a strong fiscal Q2 2027 with revenue reaching $96.2 billion, up 106% year-over-year, but free cash flow fell sharply by $27.2 billion sequentially to $21.3 billion. This drop is mainly due to a $22 billion rise in accounts receivable ...
