NVDA Nov 2024 1870.000 call
- Yahoo Finance Video
Nvidia hits new record high, market cap tops $3 trillion
There doesn't seem to be any stopping Nvidia (NVDA). The AI tech giant's stock hit a new record high on Wednesday. For the first time, the company's market cap topped $3 trillion, making it the second most valuable company in the US, surpassing Apple (AAPL) but still lagging behind Microsoft (MSFT). In the video above, Yahoo Finance's Dan Howley discusses Nvidia topping the $3 trillion mark and what's driving the stock. Be sure to check out Yahoo Finance's interview with Nvidia founder and CEO Jensen Huang. For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime. This post was written by Stephanie Mikulich.
- Yahoo Finance Video
HPE CEO: Market is realizing we 'have a big role to play in AI'
Shares of Hewlett Packard Enterprise (HPE) are soaring after reporting second quarter results that topped Street estimates and issuing better-than-expected Q3 and full-year guidance. CEO Antonio Neri is not surprised by the reaction to the earnings, saying "the market is finally waking up to the idea that HPE has a big role to play in AI." Neri argues that "HPE is uniquely positioned to capture the AI inflection point that we see continue to drive the momentum in hybrid cloud." Neri says HPE has an AI order book of $4.6 billion, adding that "in that number, we converted more than $900 million in revenues. But what is important to realize is that that revenue had solid gross margins, operating margins." AI systems use a lot of energy. On that front, Neri says energy supply is still "constrained." That's why he says HPE is "unique" because it offers "100% direct liquid cooling," which is more energy efficient. Watch the video above to hear why Neri says Nvidia (NVDA) and its CEO, Jensen Huang, are "changing the world." For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Stephanie Mikulich.
- Yahoo Finance
Nvidia closes above $3 trillion for first time, overtakes Apple as second-largest co. in US market
Shares of Nvidia rose more than 5% Wednesday, pushing the company's market cap above Apple for the first time.
