Nvidia is rising after hours, AMD raises the outlook for AI semiconductors
[Nikkei Quick News (NQN)] In the after-hours trading of the U.S. stock market on the evening of July 30th, semiconductor giant Nvidia (NVDA) is rising. After ending the regular trading at $103.73, down 7.04% from the previous day, it was temporarily bought up to the high $109 range in after-hours trading, ending about 6% above the closing price. Advanced Micro Devices (AMD), a competitor who announced the financial results for the 4th to 9th months of 2024 on the same evening, raised the revenue outlook for artificial intelligence (AI) semiconductors, leading to a significant increase in stock price. It seems to be fueled by expectations for Nvidia. Nvidia is expected to announce its financial results for the 7th to 9th months on August 28th.
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