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Nvidia rises 7% as Jensen Huang says $660 billion capex buildout is sustainable [CNBC]

NVIDIA Corporation (NVDA)  More Company Research Source: CNBC
Last nvidia corporation earnings: 2/13 04:20 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.nvidia.com/home/default.aspx
“To the extent that people continue to pay for the AI and the AI companies are able to generate a profit from that, they're going to keep on doubling, doubling, doubling, doubling,” Huang said. In this article The tech industry's surging capital expenditures for AI infrastructure is justified, appropriate and sustainable, Nvidia CEO Jensen Huang said Friday on CNBC's “Halftime Report.” ? The reason for that is because all of these companies' cash flows are going to start rising,” Huang said. Nvidia shares were up 7% during trading on Friday. Huang's comments come after key Nvidia customers Meta Amazon Google and Microsoft reported their latest earnings over the past two weeks. These companies told their investors that they plan to dramatically increase spending on AI infrastructure. In total, these hyperscalers could spend $660 billion on capital expenditures this year, with much of that spending going toward buying Nvidia's chips. Wall Street had a mixed response to the [Read more]
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Stockreport

Nvidia rises 7% as Jensen Huang says $660 billion capex buildout is sustainable [CNBC]

NVIDIA Corporation  (NVDA) 
More Company Research Source: CNBC
Last nvidia corporation earnings: 2/13 04:20 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.nvidia.com/home/default.aspx
“To the extent that people continue to pay for the AI and the AI companies are able to generate a profit from that, they're going to keep on doubling, doubling, doubling, doubling,” Huang said. In this article The tech industry's surging capital expenditures for AI infrastructure is justified, appropriate and sustainable, Nvidia CEO Jensen Huang said Friday on CNBC's “Halftime Report.” ? The reason for that is because all of these companies' cash flows are going to start rising,” Huang said. Nvidia shares were up 7% during trading on Friday. Huang's comments come after key Nvidia customers Meta Amazon Google and Microsoft reported their latest earnings over the past two weeks. These companies told their investors that they plan to dramatically increase spending on AI infrastructure. In total, these hyperscalers could spend $660 billion on capital expenditures this year, with much of that spending going toward buying Nvidia's chips. Wall Street had a mixed response to the [Read more]
IMPACT SNAPSHOT
EVENT TIME:
NVDA
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Price Change %
Volume Shares
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Volume Ratio
%
Don't Miss Out On The Next BIG Stock Move
Performance comparison Updated
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
LAST PRICE
VWAP
High:
MAX UP
High:
Low:
MAX DOWN
Low:
%
 POST NEWS RANGE
%
PRICE CHANGE
PRICE CHANGE PERCENTAGE
S&P 500 (SPX)
%
 VOLUME RATIO
%
VOLUME (SHARES)
TICKS
AVG SHARES PER TRADE
EVENT DAY
Event Day Chart will not be displayed beyond 90-day period of the event
PERFORMANCE SINCE EVENT
TIME AND VELOCITY ANALYSIS