| Previous close | 501.13 |
| Open | 500.74 |
| Bid | 0.00 |
| Ask | 0.00 |
| Strike | 1,400.00 |
| Expiry date | 2024-10-18 |
| Day's range | 500.74 - 501.13 |
| Contract range | N/A |
| Volume | |
| Open interest | N/A |
- Yahoo Finance Video
Nvidia CEO explains why Tesla's use of AI is 'revolutionary'
Nvidia's (NVDA) first quarter results beat analyst expectations, with revenue rising 262% to $26.0 billion. The company also announced a 10-for-1 stock split and that it is raising its dividend. In a Yahoo Finance exclusive interview, Nvidia founder and CEO Jensen Huang spoke about the results and how the demand for his company's products is "just so strong." He also weighed in on how companies like Meta (META) and Tesla (TSLA) are pushing AI technology forward. Jensen says Meta's Llama large language models are "really, really important" given how they are "activating large language models and generative AI work all over the world." On Tesla, Jensen describes how the company's latest Full Self-Driving technology is "an end-to-end generative model," saying it "learns from watching videos, surround video, and it learns about how to drive... using generative AI [to] predict the path... how to understand and how to steer the car. And so the technology is really revolutionary." Watch the video to hear why Huang says "that learning from video directly is the most effective way to train" AI systems for autonomous vehicles. Be sure to check out the full interview with Nvidia CEO Jensen Huang. This post was written by Stephanie Mikulich. For more Yahoo Finance coverage of Nvidia: Nvidia stock pops 4% after earnings beat forecasts, announces stock split and dividend hike Nvidia CEO Jensen Huang is the 'man of the year': Investor Why this analyst says Nvidia is not a stock to buy How Nvidia earnings are impacting the chip market Beyond the Ticker: Nvidia
- Yahoo Finance Video
Nvidia earnings, housing market outlook, BNPL regulatory pressure: Market Domination
On today's episode of Market Domination, Yahoo Finance hosts Julie Hyman and Josh Lipton break down the trading day's biggest stories and latest trends. Nvidia (NVDA) topped earnings expectations and announced a 10-to-1 stock split. Will McGough, Director of Investments at Prime Capital Investment Advisors says the company's AI play "has huge implications across multiple markets." RBC Capital Markets Software Equity Analyst Rishi Jaluria adds, "80% of CIOs are telling us that they are either currently in production or expect to be in production with AI over the next 12 months, so the appetite is real, the use cases are real." Macquarie Head of US AI and Software Research Frederick Havemeyer notes that cybersecurity companies will benefit from the AI race, pointing to CrowdStrike (CRWD), which he believes will see growth as the competition heats up. New housing data reveals that April home sales fell below estimates, declining more than expected: a 1.9% drop month over month. Realtor.com Chief Economist Danielle Hale expects the real estate market and buyer activity to "ramp up" with every mortgage rate dip but forecasts a "slow comeback" overall. Goldman Sachs upgraded Shopify (SHOP) to Buy from Neutral, raising its price target on the stock to $74 from $67. Meanwhile, Citigroup downgraded Hims & Hers Health (HIMS) to Neutral from Buy and raised its price target to $20 from $16. Buy now, pay later (BNPL) stocks (AFRM, PYPL, SQ) are under pressure after the Consumer Financial Protection Bureau proposed a new rule that would force lenders to adhere to the same consumer protections as credit cards. This post was written by Melanie Riehl
- Yahoo Finance Video
Apple is a 'sleeper AI play': Strategist
Nvidia (NVDA) shares are rising in extended-hours trading after the chip giant topped first quarter earnings estimates and announced a 10-for-1 stock split. Public Ventures President and Chief Market Strategist Lou Basenese joins Asking for a Trend to break down the earnings and analyze how long the company can keep up the momentum. Despite beating Wall Street's expectations, Basenese highlights that the magnitude of Nvidia's beat is the smallest it has ever been, at about 8%. He warns, "Expectations at some point are going to get too far ahead of what Nvidia can deliver, but it's not yet." "I think it's the leading candidate to be the next $3 trillion market cap company, but if I had a dollar to put to work today and I want to 10x it, it's not Nvidia. It's probably in the smaller cap side of the market," he adds, saying that of the "Magnificent Seven," Alphabet (GOOG, GOOGL) is the most "reasonably valued." Basenese calls Nvidia's stock split a "brilliant move psychologically," as buying a stock at a lower price is more enticing. He adds that it does not change any of Nvidia's fundamental metrics or value calculations. For investors looking to get in on the AI sector, Basenese highlights Microsoft's (MSFT) ability to push AI products onto the market to create demand. He also points to Apple (AAPL) as "the sleeper AI play." "Apple is kind of perceived as they missed the boat ... they're never first or second to market. They come in later, but then they go. They come in late, but they end up being the leader." He adds, "They have two billion active devices in use. If they just iterate and add a little AI somewhere, it has a magnified impact." For more expert insight and the latest market action, click here to watch this full episode of Asking for a Trend. This post was written by Melanie Riehl
