Nvidia bounce shows Wall Street's AI obsession is far from over

NEW YORK, Aug 26 : Nvidia's results on Wednesday afternoon gave its investors another roller coaster ride, highlighting just how high the expectations for AI and its favorite chip designer have gotten on Wall Street.Nvidia handily beat the consensus estimates for its second quarter and raised its third-quarter guidance

The AI chip giant posted record quarterly revenue of $96.2 billion and guidance for about $108 billion next quarter, but shares dipped anyway

The company reported net income of 59.69 billion US dollars (£43.9 billion), or 2.46 dollars (£1.80) per share, for the May-July period.

Nvidia’s latest quarterly results once again blew past Wall Street’s expectations as revenue for the computer chip company’s high-end artificial intelligence chips soared, the latest sign that AI infrastructure spending remains strong

Nvidia topped revenue and earnings expectations in its latest quarter, but the stock ticked downward in extended trading Wednesday as investors maintained high expectations for the AI darling. Why it matters: The stock is widely considered a bellwether for the health of the broader AI economy, but lately it has been t

The US stock market drifted through a quiet day of trading after a report said inflation was a touch worse last month than economists expected.

The US stock market drifted through a quiet day of trading after a report said inflation was a touch worse last month than economists expected.

Wall Street stocks end tad lower after hot inflation data ahead of Nvidia earnings  Reuters

Stocks Move Lower Ahead of Nvidia Earnings  WSJ

BofA says investors continue to overlook value stocks, which work particularly well in a new era of higher interest rates and inflation.

Nvidia’s results could send shock waves through the tech sector—and the broader stock market.