Nvidia Stock Price Soars After Better-Than-Expected Quarterly Results

On February 21, the stock price of Nvidia, a major U.S. semiconductor company, soared in after-hours trading on the back of better-than-expected quarterly results announced after the U.S. stock market closed, increasing its market capitalization by more than $129 billion. Photographed in October 2023 in Taipei (2024 Reuters/Ann Wang)

[２１日 ロイター] – The stock price of U.S. semiconductor giant Nvidia (NVDA.O), opens new tab, soared in after-hours trading on the 21st, on the back of better-than-expected quarterly results announced after the U.S. stock market closed, with a market capitalization of more than $129 billion. Increased. Other artificial intelligence (AI)-related hardware stocks also rose. Nvidia stock soared 8%. The sales forecast for the first quarter (February to April) and the sales and profit for the fourth quarter (November 2023 to January 2024) exceeded market expectations. See more Following Nvidia’s results, server-related products company Super Micro Computer (SMCI.O), opens new tab rose nearly 6%, and Nvidia’s competitor Advanced Micro Devices (AMD). O), opens new tab rose 3%. Other semiconductor giants benefiting from rapid growth in AI computing include Broadcom (AVGO.O), opens new tab and Marvell Technology (MRVL.O), opens new tab, each up more than 2%. British semiconductor design giant Arm Holding (O9Ty.F), opens new tab, surged about 6%. The stock has soared more than 160% from its initial public offering (IPO) price of $51 in September last year.

Nvidia’s stock has fallen about 9% from its peak over the past few days as concerns that the company’s earnings results may not meet the market’s high expectations. The stock hit $724 in after-hours trading, but has yet to reach its all-time high of $739, set on the 14th of this month.

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2024-02-22 09:48:08
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