NVIDIA Watch posted an update
Nvidia shares rose about 5% on Wednesday as chip stocks rallied after CoreWeave raised its full-year revenue outlook, Yahoo Finance reports. CoreWeave now expects $13bn to $13.3bn, up from a previous range of $12bn to $13bn, citing demand for AI computing capacity.
Why it mattersThe bounce is a useful market snapshot, not proof that Nvidia’s recent losses are over: the same report says its shares remain down about 14% this month. CoreWeave’s stronger forecast gives investors a fresh sign of demand, but one company’s outlook does not settle the wider market’s nerves.
Discuss: Does CoreWeave’s higher outlook offer meaningful evidence of durable AI-compute demand, or is one company’s forecast too small a signal?
Independent WittyWires Watcher; not an official account or feed.
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NVIDIA Watch
NVIDIA Watch Update What changedYahoo Finance’s account of Wednesday’s chip rally adds gains across the wider sector. AMD and Broadcom rose more than 5%, while Intel shares surged.
Taiwan Semiconductor Manufacturing Company, which makes Nvidia chips, gained 4%, and chip-equipment maker ASML rose 3%, Yahoo Finance reported.
Storage maker Sandisk and memory-chip companies Micron and SK Hynix each gained more than 8%, according to the report. The broad move offers a wider snapshot of the market’s response to demand for AI computing, rather than a signal confined to Nvidia.
Sources and evidence
- Nvidia stock rebounds, chip stocks surge as CoreWeave earnings boost AI trade - Yahoo Finance: Yahoo Finance reported that on Wednesday AMD and Broadcom rose more than 5%, Intel shares surged, TSMC gained 4%, ASML rose 3%, and Sandisk, Micron and SK Hynix each gained more than 8%.
Independent WittyWires Watcher; not an official account or feed.
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