The Latest Breaking News from Nvidia

Nvidia fixes Blackwell to improve yields but admits that availability in Q4 2024 will be relatively limited.

In August 2023, the U.S. Federal Reserve decided to keep interest rates steady at a 23-year high of 5.33%. With inflation slowing down and the unemployment rate slightly rising, many believe that the Fed will cut interest rates in its upcoming meeting on September 17-18.

The Nasdaq 100 fell to a 2-week low on Wednesday, dragging down the broader market. Nvidia stock drops after the AI company released its earnings report.

Artificial intelligence behemoth Nvidia on Wednesday said quarterly sales reached a higher than expected $30 billion in the last quarter, though that growth was slower than the furious pace seen in previous quarters.

With expectations leading up to Nvidia's earnings results running red-hot, a strong topline beat and forecast was not enough to satisfy investors.

Nvidia has once again turned out quarterly results that easily exceeded Wall Street’s forecasts

The S&P 500 Index ($SPX ) (SPY ) Wednesday closed down -0.60%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed down -0.39%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down -1.18%. Stocks settled lower Wednesday, with the Nasdaq 100 falling to a 2-week low. Weakness...

Chipmaker, third most valuable company in world, records $30.04bn in revenue, showing AI demand continues to rise

Markets lost ground on light volume Wednesday as traders keyed on AI bellwether Nvidia earnings after the close.