MSFT - What's Going On With Nvidia's Stock? | Benzinga
Nvidia Corporation (NASDAQ:NVDA) shares are trading higher Friday. Several AI-related and chip stocks are rising following better-than-expected earnings from Microsoft Corporation (NASDAQ:MSFT) and Meta Platforms, Inc. (NASDAQ:META) increased its capex outlook.
The Details:
Microsoft delivered better-than-expected first-quarter results Thursday, and Microsoft CEO Satya Nadella highlighted strong demand for the company's offerings, particularly in the field of artificial intelligence (AI).
Meta also reported strong first-quarter results this week and raised its capital expenditures outlook amid the company's increased efforts in AI.
Wedbush analyst Dan Ives expressed his excitement about the strong results from Microsoft and Alphabet, Inc. (NASDAQ:GOOG) (NASDAQ:GOOGL) and emphasized the need for increased ...