Wall Street remained on course to extend gains to a fourth straight session on Wednesday after a turbulent start to the year, aided by upbeat earnings from Google-parent Alphabet and chipmaker Advanced Micro Devices.
U.S. shares were set to extend gains for the fourth straight session on Wednesday after a turbulent start to the year, as Google-parent Alphabet and chipmaker Advanced Micro Devices' shares surged following strong quarterly results.
Have you been searching for a stock that might be well-positioned to maintain its earnings-beat streak in its upcoming report? It is worth considering Nvidia (NVDA), which belongs to the Zacks Semiconductor - General industry.
What happened
Advanced Micro Devices (NASDAQ: AMD) delivered a "beat and raise" quarter last night, and this morning AMD stock is up more than 7% in early trading -- but AMD isn't the only stock benefiting from the news.
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The Nasdaq was set to extend gains for the fourth straight session on Wednesday, following a turbulent start to the year, as Google-parent Alphabet and chipmaker Advanced Micro Devices' shares surged after strong quarterly results.
Google-parent Alphabet Inc moved closer to joining peers Apple and Microsoft in the elite $2 trillion market valuation club as the search giant's shares surged 8% on Wednesday after another blowout quarter.
The Nasdaq was set to open higher on Wednesday, extending a rebound after a turbulent start to the year, as Google-parent Alphabet and chipmaker Advanced Micro Devices' shares surged following strong quarterly results.
Google-parent Alphabet Inc inched closer to joining peers Apple and Microsoft in the elite $2 trillion market valuation club as the search giant's shares surged 10% on Thursday after another blowout quarter.
Nasdaq 100 futures jumped 1.5% on Wednesday, rising for the fourth straight session after a turbulent start to the year, as Google-parent Alphabet and chipmaker Advanced Micro Devices' shares surged following strong fourth-quarter results.
Nvidia (NASDAQ: NVDA) share prices reached an all-time (split-adjusted) high of $346 in November after reporting another blockbuster quarter of earnings. But the expectation that the Federal Reserve will raise benchmark interest rates several times in 2022 has put some downward p
Meta Platforms (NASDAQ: FB) recently announced that it has teamed up with NVIDIA (NASDAQ: NVDA) to create one of the world's fastest computers. But the move is more than just an attempt to capture first place in a hardware competition with rivals.
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Rain Neuromorphics Inc., a startup designing chips that mimic the way the brain works and aims to serve companies using artificial intelligence (AI) algorithms, said on Wednesday it raised $25 million.
Nvidia (NVDA) closed the most recent trading day at $246.38, moving +0.62% from the previous trading session. This move lagged the S&P 500's daily gain of 0.69%. Elsewhere, the Dow gained 0.78%, while the tech-heavy Nasdaq added 0.28%.
Advanced Micro Devices forecast full-year revenue above expectations on Tuesday, as it looks to overcome global supply snags to meet strong demand for chips used in gaming consoles and data center servers.
Advanced Micro Devices forecast full-year revenue above expectations on Tuesday, as it looks to overcome global supply snags to meet strong demand for chips used in gaming consoles and data center servers.
The start of the year 2022 has witnessed myriad hurdles for the technology sector. The Nasdaq Composite index lost about 8.9% in the first month of the year. Also, the tech-heavy index witnessed its worst month since March 2020. It is also in the correction territory as t
The semiconductor space is ripe for a buy after a recent market dip. This earnings season should generate some robust springboard price-action for the best-positioned chip stocks after the recent pulldown in the space. In fact, the leading semiconductor ETF SMH dipped mom