Nvidia shares soar to an all-time high; eyes Micron earnings for next cues
Nvidia shares soared to an all-time high of $152.97 on Wednesday, surpassing its previous record close of $149.43 set in January. The 2.6% surge in early trading reflected growing investor confidence in the chipmaker's leadership in the booming artificial intelligence (AI) sector.
The rally was partly driven by market anticipation ahead of Micron Technology's quarterly earnings, due after market hours. Micron manufactures high-bandwidth memory (HBM) chips, a key component in Nvidia's advanced AI accelerators.
Strong results from Micron are expected to signal continued demand across the AI hardware supply chain, further reinforcing Nvidia's bullish outlook.
Beyond hardware, Nvidia's growth is being propelled by its expanding software and cloud services business.
Its DGX Cloud platform — which allows organisations to run large-scale AI workloads on Nvidia's infrastructure — has seen adoption across industries such as healthcare, finance, and manufacturing. This marks a strategic shift, positioning Nvidia as not just a chipmaker but a full-stack AI solutions provider.
Investor optimism has remained strong since Nvidia's impressive first-quarter earnings in late May, which beat analyst estimates and highlighted robust revenue growth.
by Taboola
by Taboola
Sponsored Links
Sponsored Links
Promoted Links
Promoted Links
You May Like
Меките и удобни ежедневни обувки улесняват ходенето
ZAROTRAVEL®
КУПИ СЕГА
Undo
The company's performance remains resilient despite geopolitical headwinds, including US export restrictions on chip sales to China, once a major market.
The focus now turns to Micron's earnings, expected to provide broader insight into the strength and sustainability of the AI hardware boom.
Earlier this month, Nvidia briefly became the world's most valuable publicly listed company, overtaking Microsoft. It has been trading market-cap leadership with Microsoft and Apple since mid-2023. The latest surge reestablishes Nvidia's dominance, underscoring its rapid ascent as a key force in the AI revolution.
As global demand for AI infrastructure continues to rise, Nvidia's position at the heart of the technology ecosystem appears increasingly unshakable.
Stay informed with the latest
business
news, updates on
bank holidays
and
public holidays
.
AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
41 minutes ago
- Time of India
Elon Musk would probably have to shut shop without EV subsidies, Trump says
US President Donald Trump on Tuesday claimed that Tesla CEO Elon Musk 's business empire would not survive without government subsidies, suggesting that Musk would 'probably have to close up shop and head back home to South Africa' if federal support were withdrawn. In a post on Truth Social, Trump said he had always opposed the electric vehicle (EV) mandate, a policy direction he called 'ridiculous' and a central part of his campaign stance. 'Elon Musk knew, long before he so strongly Endorsed me for President, that I was strongly against the EV Mandate. It is ridiculous, and was always a major part of my campaign,' Trump wrote. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Huge Discounts on Bank-Seized Vehicles in the Philippines! SUV Deals | Search Ads Search Now Also Read: Elon Musk vows to launch 'America Party' if Trump's 'insane' spending bill passes Live Events (More to come)
Time of India
41 minutes ago
- Time of India
India's factory growth hits 14-month high on exports surge, PMI shows
BENGALURU: India's manufacturing activity accelerated to a 14-month high in June, driven by a substantial rise in international sales that boosted output and sparked record-breaking hiring, a business survey showed on Tuesday. The HSBC India Manufacturing Purchasing Managers' Index , compiled by S&P Global, climbed to 58.4 in June from May's 57.6 and in line with a preliminary estimate released last week. The PMI threshold of 50.0 separates growth from contraction in activity. Play Video Play Skip Backward Skip Forward Mute Current Time 0:00 / Duration 0:00 Loaded : 0% Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 1x Playback Rate Chapters Chapters Descriptions descriptions off , selected Captions captions settings , opens captions settings dialog captions off , selected Audio Track Picture-in-Picture Fullscreen This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Text Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Transparent Caption Area Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Drop shadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Key Components of the DDPP (See List) Decarbonization Pathways | Search Ads Read More Undo "Robust end-demand fuelled expansions in output, new orders, and job creation," said Pranjul Bhandari, chief India economist at HSBC. Factory output grew at its fastest pace since April last year, supported by strong demand. Live Events Incoming new orders increased at the steepest rate in nearly a year, with international demand providing significant momentum. Export orders recorded the third-highest growth rate since data collection began in March 2005, with U.S. markets frequently cited as a source of strength. The latest positive readings come amid rising uncertainty from U.S. tariffs as India's trade talks with the largest economy in the world have hit a roadblock ahead of the July 9 deadline due to disagreements on duties for auto components, steel and farm goods, according to government sources. Strong demand prompted manufacturers to hire additional staff at an unprecedented pace - the fastest since the survey began over two decades ago. Price pressures for manufacturers eased in June, with input cost inflation slowing to its lowest level in four months despite some increases in iron and steel prices. The moderation was significant when compared to historical trends. At the same time, companies continued to raise their selling prices markedly - albeit at a softer pace than in the previous month - passing on expenses such as freight, labour and material costs to customers. Business confidence remained positive but dipped slightly to an eight-month low as some manufacturers expressed concerns about competition, inflation and potential shifts in consumer preferences.
Time of India
an hour ago
- Time of India
National Chartered Accountant (CA) Day 2025: Top 50 wishes, messages, quotes, WhatsApp status & Instagram captions
National Chartered Accountant Day (CA), is celebrated on July 1 each year to honour the foundation of The Institute of Chartered Accountants of India (ICAI) in 1949. It is a day to recognise and appreciate the vital role that Chartered Accountants play in nation-building, economic growth, financial transparency, and corporate governance. The day also highlights the importance of ethics, accuracy, and integrity in the accounting profession and motivates future generations to uphold these values. As we celebrate the National CA Day today, let us look at the top 50 wishes, messages and quotes to celebrate this special occasion: National Chartered Accountant (CA) Day 2025: Top 50 wishes, 1. Wishing a very Happy Chartered Accountant Day to those who uphold transparency and trust in every financial decision. 2. On CA Day, we salute the dedication, integrity, and expertise of every Chartered Accountant. 3. Behind every sound financial decision is a CA's hard work and wisdom. Happy Chartered Accountant Day. 4. Happy Chartered Accountant Day to the guardians of our financial health and stability. 5. May your accuracy and ethics continue to inspire generations. Wishing you a proud and happy CA Day. 6. CAs are the silent warriors who keep the economy strong. Respect and best wishes on Chartered Accountant Day. 7. Thank you for balancing numbers and responsibility with grace. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Memperdagangkan CFD Emas dengan salah satu spread terendah? IC Markets Mendaftar Undo Happy CA Day. 8. Chartered Accountants bring order to financial chaos. Wishing you success and satisfaction on CA Day. 9. Happy Chartered Accountant Day to the professionals who turn challenges into opportunities through knowledge. 10. May you always be recognized for your invaluable contributions. Happy CA Day. 1 1. Your diligence keeps businesses accountable and nations progressing. Saluting you on CA Day. 12. Wishing all Chartered Accountants continued success, respect, and pride in their work. 13. To those who safeguard financial discipline, Happy Chartered Accountant Day. 14. A Chartered Accountant is not just a professional, but a pillar of financial integrity. Best wishes on CA Day. 15. Your profession blends responsibility and honor. Wishing you a fulfilling Chartered Accountant Day. 16. Happy CA Day. May your work continue to strengthen organizations and the economy. 17. Today we celebrate the dedication and precision that define a Chartered Accountant. 18. Happy Chartered Accountant Day to those who work behind the scenes to ensure financial order. 19. Your expertise guides businesses, your ethics inspire trust. Happy CA Day. 20. On this day, we honor the invaluable role of Chartered Accountants in nation-building. 21. A salute to the CA professionals who make numbers speak the truth. 22. Wishing you pride in your profession and success in all your endeavors. Happy Chartered Accountant Day. 23. Thank you for your commitment to fairness, accuracy, and excellence. 24. May your journey as a CA be filled with respect and growth. Happy CA Day. 25. Chartered Accountants are the backbone of the economy. We honor your contribution today. 26. Happy Chartered Accountant Day to those who help businesses stay true and strong. 27. May your precision always guide the way to prosperity. 28. Chartered Accountants turn complexity into clarity. Wishing you a successful CA Day. 29. Today we recognize the hard work that ensures financial transparency. 30. Wishing all CAs a day filled with pride and appreciation for your incredible work. 31. Chartered Accountants are the torchbearers of financial discipline. Happy CA Day. 32. Thank you for bringing honesty and accountability to the world of finance. 33. Wishing you a future filled with more success and meaningful contributions. 34. Happy Chartered Accountant Day to those who keep the economy on the right track. 35. May your dedication continue to build trust in financial systems. 36. Chartered Accountants prove that integrity and numbers go hand in hand. 37. Wishing you honor and gratitude for your service to businesses and society. 38. Today we celebrate the brilliance and dedication that define the CA profession. 39. May you continue to inspire through your work and values. 40. Happy CA Day to those who ensure compliance, accountability, and stability. 41. Chartered Accountants are the pillars of ethical business practices. 42. Your commitment to precision is the foundation of trust. 43. May you continue to illuminate the path of financial responsibility. 44. On this CA Day, we honor your service to the nation's economy. 45. Wishing all Chartered Accountants the respect and recognition they deserve. 46. Thank you for turning complex financial matters into reliable solutions. 47. Chartered Accountants help shape a stronger, fairer world. 48. Happy Chartered Accountant Day to those who help us all stay on course. 49. May your hard work continue to bring pride to the CA community. 50. Today we celebrate the values and vision of every Chartered Accountant.
