Nvidia, Wall Street
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Analysts upgraded their outlooks for Nvidia stock on Thursday after a big earnings report from the AI chip maker.
Jay Goldberg, the only sell-side analyst with a bearish rating on Nvidia's stock, saw "a few blemishes" despite Nvidia's "good quarter and solid guidance." "For starters, the company sounded fairly cautious about gross margins next year,
Wall Street stocks slid on Thursday (Nov 20) in a sharp reversal from an early rally, as technology gains faded after a boost from Nvidia's earnings and US jobs data muddied the labour market outlook.
Nvidia reported quarterly results that handily topped Wall Street expectations, sending the stock sharply higher in after-hours trading.
Analysts say Nvidia's blockbuster earnings show the AI boom is still accelerating and that fears of an AI bubble are overstated.
What Happened in Markets Today Nvidia's revenue surged 62% year over year to $57 billion in its fiscal third quarter, with earnings jumping 60% to $1.30 a share. Both were ahead of Wall Street’s expectations,
Nvidia Corp. delivered a surprisingly strong revenue forecast and pushed back on the idea that the AI industry is in a bubble, easing concerns that had spread across the tech sector.
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