Nvidia, the AI chipmaker with an over $3 trillion market value, faced high expectations heading into its second-quarter earnings call on Wednesday. Analysts positioned the call as a “market mover” that would either justify Nvidia’s high valuation or undermine it. One even said the call could be more impactful to the markets than Federal Reserve...
Tag: Earnings reports
Why Do Nvidia Earnings Matter? ‘Crucial’ for Stock Markets
AI chip giant Nvidia, which has a market cap of over $3 trillion and is currently second only to Apple, “needs to deliver exceptional results” on its upcoming Wednesday earnings call “to justify its towering $3 trillion valuation,” Lukman Otunuga, senior market analyst at trading broker FXTM, told Entrepreneur over email. The highly-anticipated earnings call...
Siemens beats estimates as demand for electrification, software soars
15 November 2023, Bavaria, Munich: Flags with the word “Siemens” in front of the company’s headquarters. Siemens publishes figures for fiscal year 2022/23. Photo: Karl-Josef Hildenbrand/dpa (Photo by Karl-Josef Hildenbrand/picture alliance via Getty Images) Karl-Josef Hildenbrand | Picture Alliance | Getty Images German industrial technology giant Siemens on Thursday posted better-than-expected quarterly operating profit and...
Siemens posts industrial profit drop as automation division slows
15 November 2023, Bavaria, Munich: Flags with the word “Siemens” in front of the company’s headquarters. Karl-Josef Hildenbrand | Picture Alliance | Getty Images German technology giant Siemens on Thursday reported a drop in profit at its industrial business in the fiscal second quarter and said its automation division had slowed. The company’s industrial profit...