⚡US100 gains 0,6% after strong Nvidia report

11:01 PM 21 February 2024

🗽Bulls are back on Nasdaq

Nvidia's (NVDA.US) report, expected by all of Wall Street, beat analysts' forecasts; the company also gave a positive guidance for Q1 2024, potentially providing another dose of fuel for companies linked to the artificial intelligence trend. As a result, contracts on the Nasdaq 100 are already gaining nearly 0.6% in after-hours, on a strong trading volume, and Nvidia shares are trading more than 7% higher near $715 per share.

  • Nvidia's revenue came in at more than $22 billion vs. $20 billion forecasts (265% YoY)
  • Adjusted earnings per share: $5.16 vs. $4.63 exp.
  • Q4 data center revenue (AI chips) surged more than 400% YoY
  • 2023 full-year revenue came in $60.9 billion,126% YoY
  • The company stressed that generative artificial intelligence is a disruptive technology, and sales to China dropped significantly

Investors' attention now shifts to the post-earnings conference, which is scheduled for 10 PM GMT. We can expect tomorrow to see a return of the bulls to the stocks of technology companies, which were heavily oversold ahead of Nvidia's quarterly report. We can already see a substitute for this in the shares of AMD (AMD.US) and SuperMicro Computers (SMCI.US), which are already gaining nearly 3% and 9% respectively, in US after-market.

Start investing today or test a free demo

Open real account TRY DEMO Download mobile app Download mobile app

Also, S&P rating agency commented today US macro data and Fed policy projections. Analysts told that beyond favorable year-end base effects, US economic expansion exceeded the agency's expectations, but S&P still believes that the Federal Reserve will cut its policy rate by 25 basis points at its June meeting. The agency expects Fed cuts totaling 75 basis points by year-end, and the previous 2024 outlook has not been changed.

US100 (D1 interaval)

Source: xStation5

Xtb logo

Join over 1 000 000 XTB Group Clients from around the world

The financial instruments we offer, especially CFDs, can be highly risky. Fractional Shares (FS) is an acquired from XTB fiduciary right to fractional parts of stocks and ETFs. FS are not a separate financial instrument. The limited corporate rights are associated with FS.
This page was not created for investors residing in Brazil. This brokerage is not authorized by the Comissão de Valores Mobiliários (CVM) or the Brazilian Central Bank (BCB). The content of this page should not be characterized as an investment offer in Brazil or for investors residing in that country.
Losses can exceed deposits

We use cookies

By clicking “Accept All”, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts.

This group contains cookies that are necessary for our websites to work. They take part in functionalities like language preferences, traffic distribution or keeping user session. They cannot be disabled.

Cookie name
userBranchSymbol cc 2 March 2024
test_cookie cc 25 January 2024
adobe_unique_id cc 1 March 2025
__hssc cc 8 September 2022
SESSID cc 2 March 2024
__cf_bm cc 8 September 2022
intercom-id-iojaybix cc 26 November 2024
intercom-session-iojaybix cc 8 March 2024

We use tools that let us analyze the usage of our page. Such data lets us improve the user experience of our web service.

Cookie name
_gid cc 9 September 2022
_gat_UA-98728395-1 cc 8 September 2022
_gat_UA-121192761-1 cc 8 September 2022
_gcl_au cc 30 May 2024
_ga_CBPL72L2EC cc 1 March 2026
_ga cc 1 March 2026
__hstc cc 7 March 2023

This group of cookies is used to show you ads of topics that you are interested in. It also lets us monitor our marketing activities, it helps to measure the performance of our ads.

Cookie name
MUID cc 26 March 2025
_omappvp cc 11 February 2035
_omappvs cc 1 March 2024
_uetsid cc 2 March 2024
_uetvid cc 26 March 2025
_fbp cc 30 May 2024
fr cc 7 December 2022
_ttp cc 26 March 2025
_tt_enable_cookie cc 26 March 2025
_ttp cc 26 March 2025
hubspotutk cc 7 March 2023

Cookies from this group store your preferences you gave while using the site, so that they will already be here when you visit the page after some time.

Cookie name

This page uses cookies. Cookies are files stored in your browser and are used by most websites to help personalise your web experience. For more information see our Privacy Policy You can manage cookies by clicking "Settings". If you agree to our use of cookies, click "Accept all".

Change region and language
Country of residence