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March 25, 2024
Ericsson to lay off 1,200 employees in Sweden due to decreased demand and cost-cutting measures. Challenges facing European telecom sector.
February 23, 2024
Nvidia revolutionized AI & computing with H100 chip, contributes $1T to value. Q4 revenue of $22.1B, EPS $5.16. H100 in high demand, new chips coming.
February 22, 2024
Nvidia CEO Jensen Huang highlighted the company's strong position due to industry-wide transitions to accelerated computing and generative AI, emphasizing Nvidia's role in powering AI applications like ChatGPT, Midjourney, and Sora, and noting a 40% revenue contribution from AI inference in the data center sector.
February 22, 2024
Nvidia CEO Jensen Huang acknowledges potential supply constraints for the company's next-generation products during their Q4 earnings call, despite improvements in the supply chain and ongoing efforts to meet high demand.
February 21, 2024
Truist analyst reiterates Buy rating on Nvidia with $691 price target. Expectations high for Q4 results, analyst predicts strong demand & upside potential. Valuation concerns mitigated, company well-positioned for growth in AI market.