Nvidia (NASD: NVDA) had itself quite the week. Following an impressive earnings presentation, Nvidia not only surpassed revenue and net income forecasts but also offered future earnings guidance that exceeded analyst predictions. Consequently, Nvidia’s stock surged by 17% in just two days, reaching a new all-time high and increasing its market value by about $277 billion. This was the largest single-session market value gain in history. At one point, Nvidia’s valuation briefly exceeded $2 trillion, before settling just under the $2 trillion mark. This made it the third largest company by market capitalization, surpassing giants like Alphabet (NASD: GOOGL) and Amazon (NASD: AMZN).
Tag: nvda
Weekly Update for the week ending February 16, 2024
The past six months have been a rollercoaster ride for investors as expectations regarding the Federal Reserve’s (Fed) interest rate policy shifted gears. Initially, investors and analysts were talking about the Fed maintaining the rate at 5.5% for a while, only to switch towards discussions of potential rate cuts early in 2024. However, recent inflation […]
Weekly Update for the week ending February 9, 2024
This past week, with a lull in economic news, corporate earnings captured the spotlight – and they certainly delivered. Fueling investor optimism further were the revised US Consumer Price Index numbers for December, indicating lower inflation than initially reported. This shift has led investors to speculate about the potential for the Federal Reserve to lower […]
Weekly Update for the week ending February 2, 2024
Another week brings us to yet another set of all-time highs for the S&P and DJIA! Despite a mid-week dip caused by the Federal Reserve’s decision to keep US interest rates steady, and caution it was unlikely the rate would go down in March, these indexes rebounded to set new records. The Nasdaq followed suit, closing the week at its highest point in two years. Unfortunately, the TSX didn’t share in the fortune, closing the week on a less positive note. ☹
Weekly Update for the week ending January 26, 2024
While the rally that started 2023, and the year end rally got plenty of news, the start of 2024 has quietly rallied. Year to date, the three American indexes have climbed into positive territory for 2024 after an uneven start to the year. So far, the technology driven Nasdaq has already surged 4.7%, the S&P […]
Weekly Update for the week ending January 19, 2024
I have often been asked what is gambling? Is not investing the same as gambling? Or similar variations of these questions. As an amateur investor myself, I remember feeling similar confusion when I first started. This week, I will attempt to answer this question for those who are considering investing in public companies or have […]