NVDA outlook upbeat after earnings forecast allays AI spending bubble fears

2 months ago

Nora

"Well, the big one today and it feels as though every day we're looking at shares of Nvidia, ticker NVDA. Of course, we know this company that reported just last night after the closing bell and we are really seeing a lot of people digesting this. You're really seeing this ricocheting across the market. Nvidia shares up as much as 5.1%. This is after the company gave an upbeat forecast and of course it's really allaying a lot of those concerns that we were hearing about a potential bubble in terms of AI spending. So, it'll definitely be interesting to see how this continues, but we are seeing shares of Nvidia up about 43% so far this year."

NVDA is in focus today after reporting an upbeat forecast that helped alleviate concerns regarding an AI spending bubble. The commentary underscores strong market momentum and impressive year-to-date gains.

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