NVDA Jan 2025 665.000 put
- Yahoo Finance Video
Nvidia is leading charge into accelerated computing: Analyst
Nvidia's (NVDA) stock price has been a warpath in the past two years, skyrocketing over 500% within that timeframe with shares hitting an all-time high in the last week alone. Some Wall Street analysts even see Nvidia's market ascending to $10 trillion by 2030. Bank of America maintains its Buy rating on Nvidia stock while raising its price target on the chip giant to $1,500 per share. Bank of America Senior Semiconductor Analyst Vivek Arya joins Yahoo Finance from the Bank of America Global Technology Conference to talk about his call on Nvidia as the AI chip race from major semiconductor companies broadens out into other industries, such as cloud computing and autos. "Now we are at the start of what I think could be a decade-long conversion over to accelerated computing," Arya says, explaining the concept of accelerated computing while also adding: "We are just at the start of this cycle. We think that the spending could be anywhere between $250 to 500 billion a year, and Nvidia is leading the charge." Read up on Nvidia's unveiling of its Rubin AI chip at the Computex 2024 conference in Taipei, Taiwan. Nvidia is also scheduled to implement a 10-for-1 stock split for current shareholders on June 7, with shares to begin trading publicly at the adjusted price on Monday, June 10. Catch Yahoo Finance's full interview with Nvidia CEO Jensen Huang. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Luke Carberry Mogan.
- Yahoo Finance Video
Intel flexes its new chips at the Computex 2024 conference
At the Computex 2024 conference in Taipei, Taiwan, Intel (INTC) CEO Pat Gelsinger showcased the company's new data center chip, the Xeon 6. Yahoo Finance Tech Editor Dan Howley explains the latest details on Intel's chip offerings and their various use cases as Intel hopes to better compete with the likes of Nvidia (NVDA) and Advanced Micro Devices (AMD) For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Luke Carberry Mogan.
- Yahoo Finance Video
May's PMI data and OPEC's production cuts: Catalysts
On today's episode of Catalysts, co-hosts Seana Smith and Madison Mills delve into various pivotal market developments, dissecting the ISM's manufacturing PMI data for the month of May, oil price dynamics (CL=F, BZ=F), and the top trending stocks. The Institute for Supply Management's (ISM) manufacturing Purchasing Managers' Index report revealed a slight decline in May. Saxo Bank Chief Global Equity Strategist Peter Garnry joins the show to provide insights on how markets are digesting this print and its implications for future interest rate cuts by the Federal Reserve. Meanwhile, OPEC+ extended its oil production cuts until 2025. Bob McNally, the founder and president of Rapidan Energy, joins the show to discuss the impact of this decision and delve into the macroeconomic factors currently influencing oil prices. Shifting gears, the show dives into the stock reactions of Yahoo Finance's top trending stocks, including tech titan Nvidia (NVDA), music streaming platform Spotify (SPOT), and aviation giant JetBlue (JBLU). This post was written by Angel Smith
