NVIDIA ($NVDA), a leading tech company, has seen a significant increase in its market capitalization, with a surge of +$245 billion in a single day. This remarkable growth was spurred by the company's announcement that it expects sales to rise by $2 billion in the next quarter. The update on NVIDIA's earnings and its positive sales guidance have also impacted the broader tech market, as indicated by reactions suggesting that the rally for Super Micro Computer, Inc. (SMCI) might be coming to an end.
A young Jensen $nvda https://t.co/juXC4O5Ony
🔐 NVIDIA earnings update: https://t.co/FKRAJqyZdt $NVDA @NVIDA 🎙️ @DrillDownPod #DrillDownEarnings @FuturumGroup #DDE
makes sense https://t.co/mgbtNU4fUm https://t.co/Nd8RPqnEKv
This time it's different https://t.co/0YVD8GjvZl
$NVDA losing steam. That should be it for the $SMCI rally
$NVDA Nvidia's market cap is up +$245 billion TODAY because it raised next quarter's sales guidance by $2 billion. For reference, these are the next 5 stocks in the S&P by valuation. https://t.co/gWeFa4b7qr