CNBC Daily Open: Nvidia shares soar on AI boom
Publishing timestamp: 2024-05-23 02:30:24
Summary
Nvidia's first-quarter earnings and sales beat expectations, leading to a more than 7% increase in stock price. The Federal Reserve's concerns about inflation caused a drop in the Dow Jones Industrial Average. JPMorgan Chase's CEO warned of a possible "hard landing" for the U.S. economy. Asia-Pacific markets had mixed results. Hedge funds are focusing on under-the-radar AI plays. Nvidia's stock is up 92% this year and 200% over the last 12 months, with expectations of continued growth in the AI market.
Sentiment: MIXED
Tickers: JPM, .STOXX, NVDA, GME,
Keywords: gamestop corp, inflation, stoxx 600, world markets, nvidia corp, jpmorgan drn, breaking news: markets, technology, consumer prices, markets, breaking news: technology, prices, united states, business news,
Source: https://www.cnbc.com/2024/05/23/nvidia-soars-on-ai-boom.html