Nvidia slots in another all-time high prior to third-quarter earnings – Proactive Investors UK

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping us understand which sections of the website you find most interesting and useful. See our Cookie Policy for more information.
These cookies are used to deliver our website and content. Strictly necessary cookies relate to our hosting environment, and functional cookies are used to facilitate social logins, social sharing and rich-media content embeds.
Advertising Cookies collect information about your browsing habits such as the pages you visit and links you follow. These audience insights are used to make our website more relevant.
Performance Cookies collect anonymous information designed to help us improve the site and respond to the needs of our audiences. We use this information to make our site faster, more relevant and improve the navigation for all users.
Pharma & Biotech
Battery Metals
Artificial Intelligence
Pharma & Biotech
Battery Metals
Artificial Intelligence
William kickstarted his career as a researcher and reporter for a global legal publication, covering everything from public law to M&A. Before moving to Proactive Investors, he worked as a reporter for a major fintech company with a focus on cryptocurrency and blockchain technology. Harking from Queensland, Australia, William obtained first-class honours in journalism and media from Birkbeck University before going on to complete an MA in creative and critical writing. Other jobs have… Read more
Proactive financial news and online broadcast teams provide fast, accessible, informative and actionable business and finance news content to a global investment audience. All our content is produced independently by our experienced and qualified teams of news journalists.
Proactive news team spans the world’s key finance and investing hubs with bureaus and studios in London, New York, Toronto, Vancouver, Sydney and Perth.
We are experts in medium and small-cap markets, we also keep our community up to date with blue-chip companies, commodities and broader investment stories. This is content that excites and engages motivated private investors.
The team delivers news and unique insights across the market including but not confined to: biotech and pharma, mining and natural resources, battery metals, oil and gas, crypto and emerging digital and EV technologies.
Proactive has always been a forward looking and enthusiastic technology adopter.
Our human content creators are equipped with many decades of valuable expertise and experience. The team also has access to and use technologies to assist and enhance workflows.
Proactive will on occasion use automation and software tools, including generative AI. Nevertheless, all content published by Proactive is edited and authored by humans, in line with best practice in regard to content production and search engine optimisation.
Ethernity Networks pivots to licensing and revenue-sharing strategy for its technology
Published: 08:44 21 Nov 2023

Nvidia Corporation (NASDAQ:NVDA) soared to yet another all-time high in premarket trades on Tuesday in anticipation of its third-quarter earnings call scheduled for later today.
The fabless semiconductor giant is now more than 250% higher year to date in what has been one of the best years in recent memory for any technology megacap.
Headed by Jensen Huang, California-based Nvidia shot to the top of public consciousness in the midst of the artificial intelligence (AI) frenzy, when its bespoke microchips became the hottest commodity in machine learning and large-language modelling.
OpenAI’s landmark ChatGPT LLM was trained on 10,000 Nvidia-designed chips, kickstarting an aggressive bid for Nvidia’s leading-edge designs.
The group’s record revenue beat in the second quarter cemented Nvidia as the leading technology blue chip of 2023.
As for the third-quarter results, Nvidia is gunning for another 18% quarter-on-quarter increase to $16 billion, with gross margins of 71.5%, according to GAAP standards.
Operating expenses are projected to be near $2.95 billion.
However, there are notable challenges ahead. The imposition of AI chip export restrictions to China has introduced uncertainty in this important market, and competition is intensifying as AMD strengthens its position in the semiconductor industry.
While Nvidia has downplayed these issues, there are also concerns about a bubble in the AI market, a scenario beyond the trillion-dollar company’s control.
Nvidia shares are expected to open at $505.59 when Nasdaq opens today.
Add related topics to MyProactive
Proactive Investors Australia Pty Ltd ACN 132 787 654 (the Company, we or us) provides you with access to the content set out above, including any news, quotes, information,…
Sign up to receive alerts and news direct to your inbox
The FTSE 100 made a subdued start to the day, ahead of minutes from the latest FOMC meeting, and as the Autumn Statement looms. Ahead of the Chancellor’s statement tomorrow, official figures showed borrowing at the second-highest figure for October on record. However, the figure was below…
Prev article
Next article
Only registered members can use this feature.
© Proactive Group Holdings Inc, 2023
Proactive Investors Limited, trading as “Proactiveinvestors United Kingdom” is registered in England with the Company Registration number 05639690. Group VAT registration number 872070825. You can contact us here.
Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use.







Leave a Reply

Your email address will not be published. Required fields are marked *