US EditionThe World’s Biggest Company Just Told Everyone to Chill Out
Nvidia's 65% revenue surge lifts Wall Street and global markets as investors await the delayed U.S. September jobs report amid strong retail and semiconductor sector results.
- On Thursday, Nvidia reported stronger-than-expected third-quarter earnings and forecast about $65 billion revenue, lifting S&P 500 futures 1.1%, Nasdaq futures 1.6%, and Dow Jones Industrial Average futures 0.5%. Its shares jumped 5.1% overnight.
- Traders made final moves ahead of a September jobs report delayed by a six-week federal government shutdown, and the U.S. Labor Department said it could not produce a full October report.
- In Asia, markets climbed as technology stocks rallied with Japan's Nikkei closing nearly 2.7% higher and South Korea's Kospi adding 1.9%, while Germany's DAX rose 0.8% and U.S. crude rose to $59.61 per barrel.
- The chipmaker's surge positions it to briefly top 5 trillion market capitalization and single-handedly steer the S&P 500, mostly quieting criticism by delivering big profits for investors.
- The job market has been slowing this year and the Federal Reserve has cut its main interest rate twice, shaping expectations for more cuts including at the December meeting.
64 Articles
64 Articles
The world’s biggest company just told everyone to chill out
By Clare Duffy, CNN New York (CNN) — Concerns about an AI bubble have been simmering for at least a year and a half. Nvidia’s incredibly strong earnings this past week tried to put those fears to bed. It may not have been enough. Nvidia on Wednesday posted sales and profits up more than 60% year-on-year, stronger than Wall Street had projected. CEO Jensen Huang said “sales are off the charts.” And the company expects fourth quarter revenue of ar…
The world’s biggest company just told everyone to chill out
By Clare Duffy, CNN New York (CNN) — Concerns about an AI bubble have been simmering for at least a year and a half. Nvidia’s incredibly strong earnings this past week tried to put those fears to bed. It may not have been enough. Nvidia on Wednesday posted sales and profits up more than 60%
The world’s biggest company just told everyone to chill out
By Clare Duffy, CNN New York (CNN) — Concerns about an AI bubble have been simmering for at least a year and a half. Nvidia’s incredibly strong earnings this past week tried to put those fears to bed. It may not have been enough. Nvidia on Wednesday posted sales and profits up more than 60% year-on-year, stronger than Wall Street had projected. CEO Jensen Huang said “sales are off the charts.” And the company expects fourth quarter revenue of ar…
The world’s biggest company just told everyone to chill out | News Channel 3-12
By Clare Duffy, CNN New York (CNN) — Concerns about an AI bubble have been simmering for at least a year and a half. Nvidia’s incredibly strong earnings this past week tried to put those fears to bed. It may not have been enough. Nvidia on Wednesday posted sales and profits up more than 60% year-on-year, stronger than Wall Street had projected. CEO Jensen Huang said “sales are off the charts.” And the company expects fourth quarter revenue of ar…
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