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Another estimate-thumping earnings report and forecast from the chipmaker sent its shares up more than 7% in postmarket trading, putting to rest lingering concerns that the spending spree on data-center gear over the past year might be due for a slowdown.
Nvidia Corp. has ignited optimism among traders, propelling its shares up over 7% and quelling fears of a data-center spending slowdown.
The first sharp pullback for U.S. stocks in half a year is leaving investors wondering whether to buy the dip or hold out for more declines. Following several turbulent weeks, the S&P 500 is down more than 5% from its March 28 closing high, its biggest retreat since October. Many market participants believe the factors that drove the S&P 500 to a 10% gain in the first quarter - including resilient economic growth and excitement over artificial intelligence - remain in place and will support stocks over the long term.
The first sharp pullback for U.S. stocks in half a year is leaving investors wondering whether to buy the dip or hold out for more declines. Following several turbulent weeks, the S&P...
First share decline in six months is leaving investors in a difficult position