Global technology stocks soared!

okhxyyo

Global technology stocks soared! [Copy link]

Have you invested? It's really skyrocketed~~ See the following news:

On the evening of February 22, Beijing time, the three major U.S. stock indexes opened higher. As of press time, the Dow Jones Industrial Average rose 0.90%, up more than 347 points on the day, the Nasdaq rose 2.32%, up more than 361 points on the day, and the S&P 500 rose 1.57%. The S&P 500 and the Dow Jones hit intraday record highs.

Chip stocks generally rose, with Nvidia rising more than 15% and a total market value of $1.93 trillion; AMD and Arm rose more than 8%, while Intel rose nearly 2.8% at the opening and then quickly turned to decline, falling nearly 2% at the beginning of the session.

Including Microsoft, Apple, Nvidia, Google's parent company Alphabet, Amazon, Meta, and Tesla, most of the seven major technology stocks rose in early trading. Meta rose more than 3%, Microsoft and Amazon rose more than 2%, Alphabet rose more than 1%, Apple rose slightly, and Tesla fell 0.18%

Previously, Nvidia released its fourth-quarter 2023 financial report. Nvidia's fourth-quarter revenue was US$22.1 billion, while analysts expected US$20.41 billion ; data center revenue was US$18.4 billion, while analysts expected US$17.21 billion; automotive business revenue was US$281 million, while analysts expected US$272.1 million; gaming business revenue was US$2.9 billion, while analysts expected US$2.72 billion; fourth-quarter adjusted profit margin was 76.7%, while analysts expected 75.4%; revenue for the first quarter of 2024 is expected to be US$24 billion, within 2% of its forecast, while analysts expected it to be US$21.9 billion.

Image source: NVIDIA official microblog

Nvidia says generative artificial intelligence has hit a "tipping point." "Accelerated computing and generative AI have reached a tipping point. Demand is surging from companies, industries, and countries around the world," said Jensen Huang, founder and CEO of Nvidia. "Our data center platform is driven by increasingly diverse drivers, whether it's data processing, training, and inference needs from large cloud service providers and specialized GPU providers, or demand from enterprise software and consumer Internet companies. The leading vertical industries, led by automotive, financial services, and healthcare, are now multi-billion dollar businesses."

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What do you think about this? Will technology stocks continue to rise? Will there be a sharp drop after the surge?

tagetage

Does the world include us? ? ? ?

Our technology stocks are the Science and Technology Innovation 50. The last chart for today.

极限零

Indeed, when foreign media talk about the world, they specifically refer to Europe and the United States, as if Asia, Africa and Latin America are not on the earth. Now the global stock market has become a tool for cutting leeks, and the rise and fall has nothing to do with technology.

秦天qintian0303

Nvidia's release of its fourth quarter 2023 financial report is a very big boost

wangerxian

So it’s driven by artificial intelligence?

damiaa

Every rise and fall traps another wave of retail investors.

吾妻思萌

I will get out of the market if it rises again soon. It will only take a daily limit.

okhxyyo

wangerxian posted on 2024-2-23 13:07 So it is driven by artificial intelligence?

Um

水天需

Technology is not just about chips. In many other fields such as AI, artificial intelligence, computing power, etc., we are still too backward and far behind.

okhxyyo

My wife Simeng published on 2024-2-23 17:04 I will get out of the trap if the stock price rises again soon. It will only take a daily limit

Now it's untied.