Learn More about Lumida ETF
Powered by LumidaWealth.com
Lumida News
  • Home
  • EarningsNEW
  • News
    • Alt Assets
    • Crypto
    • Equities
    • Macro
    • Markets
    • Real Estate
  • Lifestyle
    • Family Office
    • Health and Longevity
  • Themes
    • Aging & Longevity
    • AI
    • CRE
    • Digital Assets
    • Legacy Brands
    • Nuclear Renaissance
    • Private Credit
  • About Us
No Result
View All Result
Lumida News
  • Home
  • EarningsNEW
  • News
    • Alt Assets
    • Crypto
    • Equities
    • Macro
    • Markets
    • Real Estate
  • Lifestyle
    • Family Office
    • Health and Longevity
  • Themes
    • Aging & Longevity
    • AI
    • CRE
    • Digital Assets
    • Legacy Brands
    • Nuclear Renaissance
    • Private Credit
  • About Us
No Result
View All Result
Lumida News
No Result
View All Result
  • Lumida Wealth
  • Lumida Ledger
  • LUMIDA ETF
  • About Us
Home Themes AI

Nvidia’s Earnings Ignite AI Stock Rally: What Investors Need to Know

by Team Lumida
May 24, 2024
in AI, Equities
Reading Time: 5 mins read
A A
0
Share on TelegramShare on TwitterShare on FacebookShare on LinkedinShare on Whatsapp

Key Takeaways:

  1. Nvidia’s earnings exceeded expectations, boosting AI and hardware stocks.
  2. AI spending shows no signs of slowing, bolstering Nvidia’s outlook.
  3. Nvidia’s 10-for-1 stock split aims to attract more retail investors.

What Happened?

Nvidia’s latest earnings report smashed expectations, driving its stock up by 9% in early trading on Thursday. The chipmaker’s robust performance quelled fears about a potential slowdown in AI spending, which had loomed over the market. Key hardware stocks, including Super Micro Computer and Dell Technologies, saw gains exceeding 8%.

Chipmakers Broadcom, Marvell Technology, and Advanced Micro Devices also rose. In Asia, Nvidia suppliers like Taiwan Semiconductor Manufacturing and SK Hynix experienced significant upticks, lifting the Bloomberg Asia Pacific Semiconductors Index to its highest level in over three years. Nvidia’s postmarket surge propelled its stock above $1,000, potentially adding $100 billion in market value and pushing its 2024 gains over 100%.

Why It Matters?

This earnings report underscores Nvidia’s pivotal role in the ongoing AI revolution. As Tim Ghriskey, senior portfolio strategist at Ingalls & Snyder, noted, “It is really hard to not be positive right now, especially on Nvidia.” The upbeat results suggest sustained demand for AI data-center gear, which bodes well for both Nvidia and its suppliers.

Additionally, Nvidia announced a 10-for-1 stock split, aimed at making shares more accessible to employees and retail investors. According to Alec Young, chief investment strategist at Mapsignals, “The split is huge news. You shouldn’t underestimate the appeal of stocks that are retail favorites.” Nvidia CEO Jensen Huang highlighted expanding demand for generative AI computing across industries like automotive and healthcare, further bolstering investor confidence.

What’s Next?

Expect Nvidia’s strong performance to continue driving momentum in AI and hardware stocks. Michael Sansoterra, chief investment officer at Silvant Capital Management, emphasized that “the AI rally will continue,” as demand for data-center spending remains robust. Investors should watch for the ripple effects on peripheral industries involved in AI development.

Nvidia’s stock split could attract more retail investors, potentially driving further gains. The broader market will likely see sustained interest in AI-related investments, given the promising outlook highlighted by Nvidia’s stellar earnings. Keep an eye on upcoming earnings reports from other AI and semiconductor companies to gauge the sector’s health and future direction.

Source: BBG
Previous Post

$81 Billion Chip War: Can the US Overtake China?

Next Post

Can Nvidia Keep Its $2 Trillion Edge? New Threats Loom Large

Recommended For You

Lawmakers and Tech Giants Push for Nuclear Energy to Power AI Ambitions

by Team Lumida
2 hours ago
Lawmakers and Tech Giants Push for Nuclear Energy to Power AI Ambitions

Key Takeaways: Powered by lumidawealth.com Bipartisan lawmakers and tech companies are advocating for nuclear energy as a reliable, clean, and scalable solution to meet the growing energy demands of...

Read more

Apple Targets Spring 2026 for Delayed Siri AI Upgrade Amid Internal Challenges

by Team Lumida
21 hours ago
Why Apple’s AI Approach May Save Its Reputation

Key Takeaways: Powered by lumidawealth.com Apple plans to release its revamped Siri AI in spring 2026 as part of the iOS 26.4 update, after multiple delays caused by technical...

Read more

Nvidia and Samsung Invest in Robotics Startup Skild AI, Valued at $4.5 Billion

by Team Lumida
2 days ago
Nvidia CEO Reveals Secrets Behind AI Domination Amidst Fierce Competition

Key Takeaways: Powered by lumidawealth.com Nvidia and Samsung are taking minority stakes in Skild AI Inc., a robotics software startup, as part of its Series B funding round, which...

Read more

Google Expands Buyout Program to Fund$75 Billion AI Spending Push

by Team Lumida
3 days ago
Google’s Bold AI Bet: Transforming Healthcare After Costly Missteps

Key Takeaways: Powered by lumidawealth.com Google has extended voluntary buyout offers to U.S. employees across multiple divisions, including search, advertising, research, and engineering, to reallocate resources toward AI development....

Read more

Apple’s AI Struggles Persist as WWDC Fails to Deliver Major Breakthroughs

by Team Lumida
4 days ago
Why Apple’s AI Approach May Save Its Reputation

Key Takeaways: Powered by lumidawealth.com Apple’s Worldwide Developers Conference (WWDC) focused on incremental updates, including a “liquid glass” design and a framework for developers to access its “foundation models,”...

Read more

TSMC Reports 40% Revenue Surge in May Amid Chip Stockpiling and AI Demand

by Team Lumida
4 days ago
Taiwan Exports Surge 23.5% in June: AI Demand Fuels Massive Growth

Key Takeaways: Powered by lumidawealth.com Taiwan Semiconductor Manufacturing Co. (TSMC) reported May revenue of N$320.5 billion $10.7 billion), a 40% year-over-year increase, driven by companies stockpiling chips amid trade...

Read more

Mark Zuckerberg Assembles ‘Superintelligence’ AI Team to Achieve AGI Leadership

by Team Lumida
4 days ago
Mark Zuckerberg Assembles ‘Superintelligence’ AI Team to Achieve AGI Leadership

Key Takeaways: Powered by lumidawealth.com Mark Zuckerberg is personally recruiting a team of 50 experts, referred to internally as the “Superintelligence Group,” to develop artificial general intelligence (AGI) and...

Read more

Huawei Founder Downplays U.S. Export Controls, Highlights R&D Investments to Overcome Chip Challenges

by Team Lumida
4 days ago
Huawei Founder Downplays U.S. Export Controls, Highlights R&D Investments to Overcome Chip Challenges

Key Takeaways: Powered by lumidawealth.com Huawei founder Ren Zhengfei dismissed concerns over U.S. export restrictions, stating the company is finding workarounds, such as clustering and stacking, to improve chip...

Read more

Meta to Invest Over$10 Billion in Scale AI, Strengthening Its Position in the AI Data Market

by Team Lumida
5 days ago
a white square with a blue logo on it

Key Takeaways: Powered by lumidawealth.com Meta Platforms Inc. is set to make a multibillion-dollar investment in Scale AI, potentially exceeding$10 billion, marking one of the largest private funding events...

Read more

Qualcomm to Acquire Alphawave for $2.4 Billion to Boost AI and Data Center Capabilities

by Team Lumida
5 days ago
Qualcomm Wins Crucial Legal Battle Against Arm Over Nuvia License Dispute

Key Takeaways: Powered by lumidawealth.com Qualcomm has agreed to acquire London-listed semiconductor firm Alphawave IP Group for$2.4 billion in cash, offering 183 pence per share. The acquisition aims to...

Read more
Next Post
nvidia graphics processing unit

Can Nvidia Keep Its $2 Trillion Edge? New Threats Loom Large

Investors Flock to High-Yield Bonds: What You Need to Know

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Related News

ON Semiconductor (onsemi) Q2 2024 Earnings: Resilient Performance Amid Market Challenges

ON Semiconductor (onsemi) Q2 2024 Earnings: Resilient Performance Amid Market Challenges

July 31, 2024
person holding white and green starbucks cup

Starbucks CEO Brian Niccol’s Plan to Revive the Brand

February 21, 2025
Snowflake Acquires Crunchy Data for $250 Million to Boost AI Agent Development

Snowflake Acquires Crunchy Data for $250 Million to Boost AI Agent Development

June 3, 2025

Subscribe to Lumida Ledger

Browse by Category

  • Lifestyle
    • Family Office
    • Health and Longevity
    • Next Gen Wealth
    • Trust, Tax, and Estate
  • News
    • Alt Assets
    • Crypto
    • Equities
    • Latest
    • Macro
    • Markets
    • Real Estate
  • Research
    • Trackers
  • Themes
    • Aging & Longevity
    • AI
    • Biotech
    • CRE
    • Cybersecurity
    • Digital Assets
    • Legacy Brands
    • Nuclear Renaissance
    • Private Credit
    • Software
Facebook Twitter Instagram Youtube TikTok LinkedIn
Lumida News

Premium insights to help you invest beyond the ordinary. Lumida Wealth Management LLC (‘Lumida”) is an SEC registered investment adviser

CATEGORIES

  • Aging & Longevity
  • AI
  • Alt Assets
  • Biotech
  • CRE
  • Crypto
  • Cybersecurity
  • Digital Assets
  • Equities
  • Family Office
  • Health and Longevity
  • Latest
  • Legacy Brands
  • Lifestyle
  • Macro
  • Markets
  • News
  • Next Gen Wealth
  • Nuclear Renaissance
  • Private Credit
  • Real Estate
  • Software
  • Themes
  • Trackers
  • Trust, Tax, and Estate

BROWSE BY TAG

AI AI chips AI demand Amazon Apple Artificial Intelligence Banking Bitcoin China Commercial Real Estate CPI Crypto Donald Trump EARNINGS ELON MUSK ETF Ethereum Federal Reserve financial services generative AI Goldman Sachs Google India Inflation Interest Rates Investment Strategy Japan Jerome Powell JPMorgan Markets Meta Microsoft Nasdaq Nvidia OpenAI private equity S&P 500 SEC Semiconductor stock market Tech Stocks tesla Trump Wells Fargo Whale Watch

© 2025 Lumida Wealth Management LLC is an SEC registered investment adviser. Privacy Policy. Cookies Policy.
Disclaimer Important Information This site is for informational purposes only. Information presented on this site does not constitute as investment advice.

Lumida Wealth Management LLC (‘Lumida”) is an SEC registered investment adviser. SEC registration does not constitute an endorsement of the firm by the Commission nor does it indicate that the adviser has attained a particular level of skill or ability.

Lumida's website (referred to herein as the "Website") is limited to the dissemination of general information pertaining to its advisory services, together with access to additional investment-related information, publications, and links. Accordingly, the publication of the Website on the Internet should not be construed by any client and/or prospective client Lumida’s solicitation to effect, or attempt to effect transactions in securities, or the rendering of personalized investment advice for compensation, over the Internet.

Any subsequent, direct communication by Lumida with a prospective client will be conducted by a representative that is either registered or qualifies for an exemption or exclusion from registration in the state where the prospective client resides.

‍Lead Capture Forms: By submitting your contact information in the forms on this site, you are not obligated to invest in Lumida's product or services.
‍Address: Lumida Wealth Management, 25 W 39th Street Suite 700, New York, NY 10018

No Result
View All Result
  • Home
  • Earnings
  • News
    • Alt Assets
    • Crypto
    • Equities
    • Macro
    • Markets
    • Real Estate
  • Lifestyle
    • Family Office
    • Health and Longevity
  • Themes
    • Aging & Longevity
    • AI
    • CRE
    • Digital Assets
    • Legacy Brands
    • Nuclear Renaissance
    • Private Credit
  • About Us

© 2025 Lumida Wealth Management LLC is an SEC registered investment adviser. Privacy Policy. Cookies Policy.
Disclaimer Important Information This site is for informational purposes only. Information presented on this site does not constitute as investment advice.

Lumida Wealth Management LLC (‘Lumida”) is an SEC registered investment adviser. SEC registration does not constitute an endorsement of the firm by the Commission nor does it indicate that the adviser has attained a particular level of skill or ability.

Lumida's website (referred to herein as the "Website") is limited to the dissemination of general information pertaining to its advisory services, together with access to additional investment-related information, publications, and links. Accordingly, the publication of the Website on the Internet should not be construed by any client and/or prospective client Lumida’s solicitation to effect, or attempt to effect transactions in securities, or the rendering of personalized investment advice for compensation, over the Internet.

Any subsequent, direct communication by Lumida with a prospective client will be conducted by a representative that is either registered or qualifies for an exemption or exclusion from registration in the state where the prospective client resides.

‍Lead Capture Forms: By submitting your contact information in the forms on this site, you are not obligated to invest in Lumida's product or services.
‍Address: Lumida Wealth Management, 25 W 39th Street Suite 700, New York, NY 10018