Page 2 - Nvidia S News Today

PALO ALTO, U.S. -- Nvidia's blockbuster earnings and rosy outlook are music to the ears of investors, who have pushed its share price into the stratos

Nvidias shares surged last month, boosted by its quarterly revenue forecast, which exceeded analyst expectations as the artificial intelligence boom fuels demand for its chips. Also, an announcement of a $25 billion share buyback lifted its shares.

Nvidias stock added nearly 2% to $468 on Monday, leaving it down almost 1% since last Wednesday, when the Santa Clara, California company far exceeded expectations with its quarterly revenue forecast as an artificial-intelligence boom fueled demand for its chips.

Nvidias forecast added to investor optimism. Big Tech and AI-related stocks saw their stock market values increase by over $70 billion, on top of Nvidias increased value, as their shares climbed following the report.

Xpeng, which is among Chinas top 20 best-selling EV makers, has been upgrading its advanced driver assistance software and has said it plans to make all of its functions available to drivers across China by 2024, as it seeks to gain an edge over U.S. rival Tesla.

Nvidia shares have nearly tripled in value this year, swelling the companys market valuation by more than $700 billion and making it the first trillion-dollar chip firm. The blistering rally in its shares means that Nvidia has little room for any earnings-related disappointment and anything other than a higher-than-expected forecast could trigger a rout in its stock, some analysts have warned.

Intel is focusing on the Asia Pacific and Japan (APJ) region, particularly India, as it aims to reclaim its position in the market. Steve Long, Intel'

Morgan Stanley analyst Adam Jonas downgrades Tesla shares to Hold from Buy while boosting his price target to $250 a share from $200.

Barclays analyst Dan Levy downgrades Tesla stock to Hold from Buy while hiking his price target to $260 a share from $220.

Mizuho analyst Jordan Klein on Wednesday said it's likely Intel will walk through the timing of foundry expansion plans globally.