NVDA Jan 2025 170.000 put
- 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
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How Nvidia earnings are impacting the chip market
Nvidia (NVDA) has issued its highly anticipated earnings report, surpassing expectations for both revenue and profitability. Yahoo Finance's Jared Blikre breaks down the details, dissecting how Nvidia's performance is affecting the wider semiconductor market. 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 Angel Smith
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Dow sheds 200 points, FOMC minutes weigh on stocks
The Dow Jones Industrial Average (^DJI) falls by over 200 points in Wednesday's session as all three of the major averages (^IXIC, ^GSPC) close the day lower. Stocks are on high alert as they attentively wait for chip maker Nvidia (NVDA) to report its first-quarter earnings today. Market Domination Anchor Julie Hyman reviews the day's market performance, joined by Yahoo Finance Senior Markets Reporter Jared Blikre who breaks down the sector winners and losers from the session. 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 Luke Carberry Mogan.
