Tag: artificial intelligence share price

December 29, 2023 BY Elizabeth Anderson

Nvidia leads the Magnificent 7 stocks into 2024

Nvidia’s AI chips contributed to the company’s revenue growth, which sits at 85% higher than the same period year-over-year, most significantly in Q3 of 2023. Although the company’s net income is 13 times higher than in December 2022, it made the most instrumental gains in Q1, 2 and 3 of this year, and experienced a…

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August 24, 2023 BY Elizabeth Anderson

Nvidia’s $25bn stock buyback increases AI heat

The global leader in AI computing also indicated that it would buy back $25bn in stock, which sent Nvidia shares skyrocketing in a matter of hours. The company’s share price closed at $471.16 on Wednesday, up +3.17% from the previous day’s close. It spiked even more after the bell rang, hitting a record 9.6% increase…

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