Your current location is:{Current column} >>Text
NVIDIA to announce Q1 earnings, boosting Asian suppliers' stock prices.
{Current column}64619People have watched
IntroductionOn Wednesday, the stock prices of NVIDIA's (NASDAQ: NVDA) Asian suppliers rose as investors ant ...
On Wednesday,What are the foreign exchange platforms regulated by fca the stock prices of NVIDIA's (NASDAQ: NVDA) Asian suppliers rose as investors anticipated more information about the artificial intelligence industry from its first-quarter earnings.
Some of Nvidia's major suppliers, such as SK Hynix (KS: 000660) and TSMC (TW: 2330) (NYSE: TSM), rose by less than 2%. Contract electronics manufacturer Hon Hai Precision Industry Co., Ltd. (TW: 2317) (Foxconn) signed a cooperation agreement with Nvidia last year and saw a 2.4% increase in the Taiwan market.
However, other related stocks showed a lackluster performance. Japanese semiconductor testing equipment manufacturer Advantest Corp. (TYO: 6857) fell by 0.5%.
Despite efforts by memory chip giant Samsung Electronics Co., Ltd. (KS: 005930) to produce advanced memory chips for the AI industry, its stock price saw a slight decline.
The broader Asian tech stocks, especially chip manufacturers, fluctuated ahead of Nvidia's earnings. Nvidia is set to announce its first-quarter earnings after the U.S. market closes on Wednesday.
As a core company that saw a significant increase in valuation driven by AI over the past year, Nvidia holds an important position in the tech industry, particularly in its AI investments.
According to Reuters estimates, Nvidia's quarterly revenue is expected to be $24.65 billion, with earnings per share of $5.59, showing significant growth compared to the same period last year.
Nvidia currently produces the most advanced AI chips on the market, benefiting from large-scale AI investments in the tech industry. Last year, the company's stock price surged more than threefold, boosting the broader chip manufacturing sector.
Risk Warning and DisclaimerThe market carries risks, and investment should be cautious. This article does not constitute personal investment advice and has not taken into account individual users' specific investment goals, financial situations, or needs. Users should consider whether any opinions, viewpoints, or conclusions in this article are suitable for their particular circumstances. Investing based on this is at one's own responsibility.
Tags:
Related articles
Dollar largely flat; central bank meetings in focus By
{Current column}By Peter Nurse- The U.S. dollar traded in a subdued fashion in early European trade Thursday, clingi ...
Read moreStay Away from Unregulated Platform Ambitious Capital
{Current column}FTIalerts investors to be cautious when dealing with new forex platforms. It is crucial to choose a ...
Read moreStocks can become more vulnerable to negative shocks, Deutsche Bank says By
{Current column}Deutsche Bank analysts warn that stock markets could be susceptible to negative news in the near ter ...
Read more
Popular Articles
- Gold prices move little ahead of U.S. GDP, inflation data By
- A win for Trump: Bond yields up stocks down? By
- Euro falls as markets brace for French post
- Bitcoin price today: down to $56k amid little relief from Mt Gox fears By
- Chinese manufacturing PMI slows in March, services hit 12
- “I’m the most qualified person to run for President,” Biden says at NATO summit By
Latest articles
-
Dollar subdued; investors look to jobless claims, GDP for Fed clues By
-
Tesla's Q2 deliveries beat estimates on price cuts, incentives By Reuters
-
Could Chewy pick up a second meme stock pied piper? By
-
Stay Away from Unregulated Tradeinfy Markets Platform!
-
Stock market today: Dow closes lower as debt
-
Bank of America technical strategists say S&P 500 will hit 6150 By