"Nvidia's Dominance: A Live Update on Soaring Profit and Stock Market Sway"

1 min read
Source: CNBC
"Nvidia's Dominance: A Live Update on Soaring Profit and Stock Market Sway"
Photo: CNBC
TL;DR

S&P 500 futures rose in early trading, driven by a surge in Nvidia shares following the company's record revenue and optimistic guidance. Japan's Nikkei 225 hit a record high, propelled by strong earnings and investor-friendly measures. Additionally, shares of EV companies Lucid and Rivian dropped after reporting revenue misses and steep losses. Nvidia's Data Center business saw a remarkable 409% increase in fourth-quarter sales, driven by the success of its H100 graphics cards in powering generative artificial intelligence applications.

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