Stock market today: Indexes pop after Nvidia's blowout earnings report
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US stocks moved higher on Thursday, with investors cheering another blowout earnings report from chip giant Nvidia. The company beat revenue and profit estimates and announced a 10-for-1 stock split. Nvidia reported $26.04 billion in revenue versus analyst estimates of $24.65 billion, and earnings per share of $6.12, compared to estimates of $5.59. Nvidia shares rose 7% in early Thursday trading, hitting new records around $1,017 per share. Atlanta Fed President Raphael Bostic will speak later in the day. Several Fed speakers have offered fresh takes on the economy and inflation this week, with most striking a cautious tone on rate cuts, noting that price increases have yet to cool sufficiently to warrant easing monetary policy.
#StockMarket #Nvidia #EarningsReport #ChipGiant #StockSplit #Revenue #Profit #Shares #AtlantaFed #Inflation #RateCuts #MonetaryPolicy
https://markets.businessinsider.com/news/stocks/stock-market-today-nvidia-q1-earnings-split-chips-ai-blackwell-2024-5
Markets Insider /
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2024-05-24 00:36:07
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2024-05-24 00:36:07Event JSON
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"content": "Stock market today: Indexes pop after Nvidia's blowout earnings report\n==========\n\nUS stocks moved higher on Thursday, with investors cheering another blowout earnings report from chip giant Nvidia. The company beat revenue and profit estimates and announced a 10-for-1 stock split. Nvidia reported $26.04 billion in revenue versus analyst estimates of $24.65 billion, and earnings per share of $6.12, compared to estimates of $5.59. Nvidia shares rose 7% in early Thursday trading, hitting new records around $1,017 per share. Atlanta Fed President Raphael Bostic will speak later in the day. Several Fed speakers have offered fresh takes on the economy and inflation this week, with most striking a cautious tone on rate cuts, noting that price increases have yet to cool sufficiently to warrant easing monetary policy.\n\n#StockMarket #Nvidia #EarningsReport #ChipGiant #StockSplit #Revenue #Profit #Shares #AtlantaFed #Inflation #RateCuts #MonetaryPolicy\n\nhttps://markets.businessinsider.com/news/stocks/stock-market-today-nvidia-q1-earnings-split-chips-ai-blackwell-2024-5",
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