Nvidia stock closed up 8.74% on Thursday, adding ~$440B to Nvidia's market cap, after its revenue guidance reassured investors that AI demand remains strong (CNBC)
Nvidia’s outlook was enough to quiet fears that AI spending is slowing.
The stock’s 8.74% gain added about $440 billion in market value, according to CNBC via Techmeme's note. CNBC says the move followed revenue guidance that reassured investors demand for AI chips remains strong. Techmeme’s roundup also points to coverage framing the quarter as a broader confidence boost for AI-linked shares.
The stock’s 8.74% gain added about $440 billion in market value, according to CNBC via Techmeme's note. CNBC says the move followed revenue guidance that reassured investors demand for AI chips remains strong. Techmeme’s roundup also points to coverage framing the quarter as a broader confidence boost for AI-linked shares.
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