Target dived after the discount giant missed on earnings and guided lower, citing "pressured" consumers. TJX earnings beat.
For chip designer Nvidia, the generative artificial intelligence boom is the gift that keeps on giving. After riding a demand surge sparked by Big Tech's rush to roll out chatbots, Nvidia now expects new AI models that are capable of creating video and engaging in human-like voice interactions to spur more orders for its graphics processors. The need for more computing power to train and run advanced AI systems has buoyed demand for Nvidia's Grace Hopper chips such as the H200, which was first used in OpenAI's GPT-4o - a multimodal model capable of realistic voice conversation with the ability to interact across text and image.
Tech darling Nvidia (NVDA) is jumping this morning following a strong earnings report. The company reported earnings per share (EPS) that jumped over 450% year-over-year, with revenue climbing over 250% during the same period. The company also announced a 10-for-1 stock split as well as a dividend increase. In an exclusive interview with Yahoo Finance, Founder and CEO Jensen Juang cited strong demand for the company's success, saying customers are buying now. On Wall Street, we will hear earnings from several other big names today Ralph Lauren (RL), Intuit (INTU), and Workday (WDAY). Yahoo Finance trending tickers include Advanced Micro Devices (AMD), Snowflake (SNOW), and Dell Technologies (DELL). Key guests include:9:40 a.m ET - Jeffrey Kleintop, Charles Schwab Chief Global Investment Strategist and Managing Director10:30 a.m. ET - Sonal Desai, Chief Investment Officer at Franklin Templeton Fixed Income11 a.m. ET - Jay Woods, Freedom Capital Markets Chief Global Strategist
Country | G | S | B | Total |
---|---|---|---|---|
United States | 39 | 41 | 33 | 113 |
China | 38 | 32 | 18 | 88 |
ROC | 20 | 28 | 23 | 71 |
Great Britain | 22 | 21 | 22 | 65 |
Japan | 27 | 14 | 17 | 58 |
Australia | 17 | 7 | 22 | 46 |
Italy | 10 | 10 | 20 | 40 |