Nvidia Surges Past $1k📱FSLR MRNA 📈 VSAT LFST📉

FlowBank's hand-curated fresh financial news [header_noDither] Nvidia Shares Surge Past $1,000 Amid AI Boom Nvidia's shares surpassed $1,000 for the first time after reporting robust fiscal first-quarter earnings, driven by strong demand for AI chips. The company's revenue rose to $26.04 billion, beating expectations, with a net income of $14.88 billion. Nvidia announced a 10-for-1 stock split and highlighted significant growth in data center sales, which soared 427% year-over-year. CEO Jensen Huang noted that the next-generation AI chip, Blackwell, will contribute to revenue later this year. Nvidia also reported increased networking, gaming, and automotive sales, alongside share buybacks and a dividend hike. WHAT'S MOVING [Group 1742 (2)-May-23-2024-06-13-12-4812-AM] [Start Trading](113/cXx8Z04/MW-4562pxhwW1b9MlB3Py32dW3cF4jk5fqs3yN11fKWz2-ZVTW6N1vHY6lZ3pWW9bwbVF19-j44W5fkl3V2DHj6qW9m109W4n5lPZW2jkvGN4ZwFMfW7SFx5d3hFvZHW4fM69C739Rt6W3LyCKj6DjmgrW5rlfW73gm_DWW16ZmFF5BDLSFW2lWR4P8-grcZW11Yw727mdQ23W8D449v5xztWmW3G1jR31_h2m0V9G-cV1gC_StW6XSjg22sDCK4W5yvw7Y64trP_W1Dx4Qj1DmZgGW5gP0BP1lhP74N3YzjH5F4STrN3QGQnsly2YLW7Vqbp45YC2zhVFLY5Q6zSNZhf6zQxPd04) [Group 1753 (2)-1] Microsoft Microsoft is linking executive compensation to cybersecurity performance following criticism for a preventable hack attributed to China; this move is prompting discussions about similar practices at other companies. [Group 1754 (2)-1] News Corp. & Open AI OpenAI and News Corp. announced a multi-year partnership allowing OpenAI to access and display News Corp.’s current and archived articles in ChatGPT, and use the content to enhance its AI models. [Group 3 (2)-4] Amazon Amazon plans to enhance Alexa with generative AI and introduce a monthly subscription fee, not included in Prime, to compete with AI chatbots from OpenAI and Google. WHAT'S COMING UP? USD: S&P US Manufacturing PMI (May): Exp. 50.0 v Prev. 50.0 USD: S&P Global Services PMI (May): Exp. 51.2 v Prev. 51.3 USD: Initial Jobless Claims: Exp. 220K v Prev. 222K USD: New Home Sales (Apr): Exp. 677K v Prev. 693K IN OTHER NEWS Wall Street Stocks fell on Wednesday after Federal Reserve meeting minutes raised concerns about persistent inflation and potential delays in rate cuts. The Dow dropped 0.51%, marking its worst session in May, while the S&P 500 and Nasdaq Composite declined by 0.27% and 0.18%, respectively. [Group 1769] Europe European markets are expected to open higher on Thursday. The U.K.’s FTSE 100 is set to rise by 0.01% to 8,369, Germany’s DAX by 0.02% to 18,681, France’s CAC by 0.17% to 8,101, and Italy’s FTSE MIB by 0.09% to 34,559. Earnings reports are anticipated from Julius Baer, Acciona, Nationwide Building Society, Rolls-Royce, Aviva, and Wizz Air. MARKET INSIGHTS Sell in May and Go Away? How Market Forces are Shaping the Rest of 2024 “Sell in May and go away” is an old Wall Street adage based on the assumption that historical market returns tend to cluster around a six-month window beginning in November and ending in April. [Read more](113/cXx8Z04/MW-4562pxhwW1b9MlB3Py32dW3cF4jk5fqs3yN11fKV-2-ZVTW5BW0B06lZ3nMW7vrfPs6xn2nfVSB-9Y7Q1Y7pW4gmlzq1KhXfqVJzXnT5zg-MdW7cxFBR2fdbzcN4NNhwXHy8H3W2QNcrl6kmTx3N8RmJvF_1NdkW67YQjj5tfxKLW1zt24w2mVWD-W5cXWch2y1GvXW5NP8tM7SVfgSW7YG1Ds5yvJ9mW8Ty8NP2wgWs6W4db8vr5DNMgWVnRhw7891h9hW6zzhS32td8tSW6HWR_p2MTbMDf2q6Z6C04) Please note that due to market volatility, some of the prices may have already been reached and scenarios played out. The information above is not investment advice. 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