Nvidia's strong earnings and stock split drive semiconductor stocks higher.
Sectors & Industries
May 30, 2024
Nvidia surged 9.3% following its robust fiscal first-quarter results, exceeding expectations and announcing a 10-for-1 stock split.
This positive performance also boosted other AI and semiconductor stocks, with Super Micro Computer shares rising by 1.2%.
Analog Devices' stock surged over 10% earlier in the week after the company's second-quarter results surpassed analysts' expectations.
The East Coast-based semiconductor manufacturer reported adjusted earnings per share of $1.40 on revenue of $2.16 billion, exceeding the forecasted $1.26 earnings per share and $2.11 billion in revenue.
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