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Nvidia boss Jensen Huang: chips for gaming, data centers and artificial intelligence
Photo: Rick Wilking/ REUTERS
Shares in the US chip manufacturer Nvidia reacted to the quarterly figures and the chip processor manufacturer's optimistic outlook with a high price gain on Thursday.
At times, shares jumped to their highest level since April 2022 and were most recently up 15 percent to $238.
With an increase of 62 percent since the beginning of the year, Nvidia shares lead the list of winners in the Nasdaq 100 together with the papers of the electric car manufacturer Tesla (plus 65 percent).
Shares in the US investor's favorite have more than doubled since the interim low last October.
Despite the recovery in recent months, the paper would have to increase by around 40 percent again to climb back to the record level of autumn 2021.
Bet on artificial intelligence
Nvidia's still relatively small car division is gaining considerable momentum, wrote analyst Ingo Wermann from DZ Bank.
Numerous partnerships with well-known car manufacturers in the development of digital cockpits and in the field of autonomous driving should ensure that the positive development continues.
Wermann also sees the data center division as one of the main beneficiaries of the increasing use of "artificial intelligence" (AI) in many areas of life.
Although Nvidia's foray into AI is still modest, it is already having an impact on investors.
According to Bernstein analyst Stacy Rasgon, investors could tactically rely on the chip manufacturer, which is now one of the world's most valuable companies with a market value of 580 billion dollars again, on an increasing data center business and the strong gaming business.
In addition, there is imagination for the areas of AI and cloud.
Nvidia's data center business cushioned the losses in graphics cards.
The group's technologies are well suited for AI-based applications, which are currently in high demand.
Announcements by tech companies such as Microsoft, Google and Baidu that they will invest more heavily in AI-supported chatbots such as ChatGPT have recently caused share prices to rise regularly.
Nvidia wants to make its resources more widely available through partnerships with major cloud service providers, Nvidia CEO Jensen Huang said.
Nvidia in particular fueled the mood on the Nasdaq with a strong sales outlook.
Market observers took this as a signal that the chip and processor manufacturer's push for "artificial intelligence" (AI) solutions is worthwhile.
The Nvidia course rose by around 14 percent and also lifted other industry stocks - especially those that are also involved in the AI world.
The papers from AMD <US0079031078>, for example, attracted attention with price gains of five percent.
With Ebay <US2786421030> there was also a very weak representative on the Nasdaq.
The course fell by more than six percent because of a disappointing outlook.
The economic environment is leaving its mark on the marketplace operator, it said.
Jefferies Research analyst John Colantuoni is concerned about profitability, which has not yet been a strategic focus on Ebay.
Investors in Unity Software <US91332U1016> and Lucid <US5494981039> were also fairly disappointed, as shown by the discounts of around 12 and almost 15 percent, respectively.
At Unity, a development service provider for the computer games industry, the outlook was disappointing.
At the electric car manufacturer Lucid, investors reacted coldly to delivery figures and production plans.
This did not affect the shares of competitor Tesla <US88160R1014>: They strengthened the 200 dollar mark with an increase of 1.3 percent.
Moderna <US60770K1079> fell about five percent.
The US biotech company earned significantly less at the end of the year due to lower demand for corona vaccines, although the company also suffered from sharply rising costs.
la/reuters
