Palantir, NVIDIA stocks slip
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A Pivotal Moment for Nvidia As the summer earnings season winds down, Big Tech giants like Microsoft (NASDAQ:MSFT), Meta Platforms (NASDAQ:META), Amazon (NASDAQ:AMZN), and Alphabet (NASDAQ:GOOG)(NASDAQ:GOOGL) have delivered robust quarterly results,
Games events are always packed with a shed load of marketing bluster. Companies figure out the most impressive way to showcase their wares and then, well, deploy that. Some of that is more strait-laced; other times the truth is stretched.
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Why one analyst thinks Nvidia could double its market cap to $9 trillion by the end of the decade
Nvidia's annual revenue could hit $600 billion by 2030, Melius Research said. The firm's Ben Reitzes says that implies a potential $9 trillion valuation.
The Chinese impact on Nvidia is significant. KeyBanc raised its Q2 revenue estimate to $47.1 billion from $45.1 billion, above Wall Street’s consensus of $45.7 billion. It raised earnings per share to $1.05 from $0.99, slightly above consensus of $1.00.
The stock has gone on a parabolic run since hitting a 52-week low in April this year, and it seems primed for more upside following its upcoming earnings report.
A new free game bundle from Nvidia sees Borderlands 4 and The Gilded Glory DLC given away with select gaming GPUs, desktops, and laptops.
Nvidia remains the dominant AI chipmaker in the market, but where is the stock headed for the rest of this year and into the next?
This AI infrastructure play has delivered bigger gains than its larger peers since going public earlier this year.
Tentatively known as the B30A, the chip will use a single-die design to provide around half the compute power offered by Nvidia’s B300 GPU, Reuters said, adding that, like the H20, the B30A would also have high-bandwidth memory and NVLink technology.