Investors make a case for standing by Nvidia after another blowout report
Posted on AllSides August 24th, 2023
From The Center
Nvidia once again managed to shock Wall Street. The chipmaker astonished the investing community for a second consecutive quarter on Wednesday, posting stronger-than-expected results after the bell and delivering another blowout forecast due to surging AI chip demand. The results boosted shares of Nvidia as much as 8%. Positive news also briefly lifted derivative plays Advanced Micro Devices , Marvell Technology , Super Micro Computer and Taiwan Semiconductor Manufacturing last down 7.5%, 6%, 4.5% and about 1.3%, respectively. Nvidia was last up about 2%. NVDA 1D mountain Nvidia rises on...
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