NVDA: Investors bet that Nvidia's rally will outpace Magnificent ...
May 23, 2024 – 1.04pm
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Market darling Nvidia has cemented its dominance among Wall Street’s elite after its latest earnings shattered analyst forecasts, suggesting the US chipmaker has broken away from its magnificent seven peers and entered into a league of its own.
It comes after the Silicon Valley company on Thursday morning unveiled another set of bullish forecasts, which reinforced the view that it remains the biggest beneficiary of artificial intelligence spending as tech giants Microsoft and Google continue to queue up for its so-called AI accelerators.
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