Nvidia (NVDA) stock was down over 1% in after-hours trading after the firm posted its earnings report. Nvidia reported record second-quarter fiscal 2027 revenue of $96.2 billion, up 18% from the previous quarter and 106% from a year earlier, as demand for AI infrastructure continued to accelerate. Net income in the quarter more than doubled
SpaceX (SPCX) shares rose about 2.5% on Tuesday after closing at its initial public offering price Monday, as JPMorgan highlighted the company’s expanding artificial intelligence ambitions and enterprise strategy. JPMorgan reiterated an Overweight rating and $240 price target on SpaceX, implying roughly 74% upside from the stock’s current price. JPMorgan sees AI opportunity JPMorgan’s bullish
Nvidia stock (NVDA) edged 0.1% lower in early Wednesday trading as investors looked ahead to the chipmaker’s August 26 earnings report and weighed reports that Chinese customers may receive additional shipments of its H200 processors. The move followed a 2.3% decline on Tuesday amid a broader selloff in semiconductor stocks. The company’s upcoming fiscal 2027
Beldex, a privacy-focused blockchain infrastructure provider, has closed an $8 million funding round, bringing its total capital raised to $36 million. The new round was backed by Sigma Capital, NTC, Nxgen, Digital Consensus Fund and EAK Ventures, and follows earlier investments from DWF Labs and Block Alpha. The new capital will be exclusively deployed to
SpaceX shares (SPCX) fell around 4.94% to $132.60 in early Thursday trading, pushing the stock below its $135 initial public offering price as another large batch of shares became eligible for sale. The decline comes after SpaceX defied expectations during its first major lockup expiration earlier this month, when more than 900 million shares became
The AI trade has already survived one serious test this year. Semiconductor stocks plunged in June and July as investors questioned whether extraordinary valuations, leverage and enormous infrastructure spending could be justified by future returns. Just weeks later, the sector has rebounded, with Micron reaching a trillion-dollar valuation and Nvidia heading into another closely watched
Nvidia (NVDA) shares were down 0.3% at $216.74 in early Thursday trading, extending a period of relative underperformance. The stock has risen 17% this year through Wednesday’s close, well behind the 66% gain in the PHLX Semiconductor Index over the same period. Nvidia’s earnings report next Wednesday could help narrow that gap, with several analysts
SpaceX stock (SPCX) continued to decline Wednesday as investors weighed a new milestone for Chinese rocket maker LandSpace alongside another large batch of shares set to become eligible for sale. SpaceX shares were down around 3% at the time of writing after closing about 2% lower on Tuesday. LandSpace successfully landed the first stage of
Anthropic’s revolving credit facility is expected to exceed its roughly $10 billion target as banks compete for roles in the artificial intelligence company’s planned initial public offering, Bloomberg reported, citing people familiar with the matter. Banks compete for roles in Anthropic’s IPO Anthropic is considering expanding its revolving credit facility beyond the $10 billion level,
Nvidia stock (NVDA) was higher in early Monday trading, rising 1% to around $227, after the chipmaker agreed to guarantee as much as $105 billion in lease payments tied to an OpenAI data center in Ohio. The facility is being developed by SoftBank-backed SB Energy, which will build, own and operate the campus for OpenAI