The previous year, Nvidia dominated the AI chip market with an estimated 90% share, leading to remarkable earnings. In its latest quarter (Q4 of fiscal 2024, ending in January), revenue surged by 265% to $22 billion, with operating income soaring by 983% to nearly $14 billion. This growth was fueled by a 409% increase in data center revenue, driven by AI GPU sales.
The company’s free cash flow skyrocketed by 430% to over $27 billion, surpassing AMD’s $1 billion and In...

Being the king of AI chip stocks, Nvidia is surely a piping hot stock every long-term growth investor is itching to own. Surging nearly 250% in 2023, Nvidia stock is up more than 85% year-to-date, and showing not signs of slowing down anytime soon.
Of course, most of this drastic valuation increase has to do with Nvidia’s stranglehold on the high-performance computing market. The company’s AI semiconductors and GPUs are the dominant option for companies worldw...

Nvidia is the AI chip leader. The company has a vast market share and continues to post the best financial results among the mega-caps. Revenue increased by 265% year-over-year while net income surged by 769% year-over-year in Q4 FY24.
The company’s sequential growth has been decelerating lately, but it’s still impressive. The corporation’s Q4 revenue was 22% higher than its Q3 revenue. Nvidia’s profit margin expansion helps to compensate for a slowdown. The stock also trades at a 38 forw...

China’s ban on government use of Intel and AMD processors will help domestic competitors like Hygon build sales, according to analysts.
China will eliminate the use of Intel and AMD processors from government PCs and servers, the Financial Times reported on Mar. 24. Intel declined to comment, and AMD did not respond to emailed requests from EE Times.
A low-single–digit hit in the percentage of total PC shipments might result from the ban, ...

As Federal Reserve Chairman Jerome Powell began publicly discussing protecting the job market, a group of bond traders began betting that inflation would remain high. "Powell is basically supporting going long breakeven inflation," said Tim Magnusson, chief investment officer at hedge fund Garda Capital Partners.
He was referring to a trading strategy that profits from inflation-linked bonds outperforming conventional U...

Retirement funds may sell about $32 billion in U.S. stocks to rebalance their positions as the quarter draws to a close, Goldman Sachs Group Inc. said. That would be the biggest adjustment since June 2023, analysts at Goldman Sachs' FICC and equities division wrote. While Wall Street's forecasts for pension flows vary widely, retirement fund withdrawals could put additional pressure on the broader market amid li...

A federal judge in Manhattan, Katherine Polk Failla, said Wednesday that the judge allowed much of the U.S. securities regulator's lawsuit against Coinbase to proceed, but dismissed allegations that Coinbase acted as an unregistered broker through its wallet app.
The U.S. Securities and Exchange Commission sued Coinbase last June, alleging that the company facilitated trading in at least 13 crypto tokens that should have...

Nvidia (NVDA) inched higher on Tuesday after retaking the 900 level Wednesday last week and climbing steadily since then.
Shares rose amid the Nvidia GTC conference for AI developers last week. The weekly chart on IBD MarketSurge shows Nvidia stock has rallied for an unbroken 11-week stretch since its January breakout.
Shares are now approaching the 1,000 level. After huge runs of 239% in 2023 and more than 90% so far this y...