The invidious position of Nvidia in the AI boom

The invidious position of Nvidia in the AI boom
Nvidia's CEO, Jensen Huang. (Image: Getty)
Paul McBeth
A company’s share price rarely gets whacked after beating earnings expectations, yet Nvidia managed that distinction in the latest US earnings season. The video game chipmaker-cum-artificial intelligence (AI) engine more than doubled both June quarter revenue and profit but still managed to attract sighs of disappointment as the share price dropped on Wall Street. Not that they’ve come too much off the boil. At US$119.37 (NZ$191.07) a share, the chipmaker is still valued at US$2.93 trillion, behind more familiar names like...

More Markets

The pros and cons of Sky’s big deal
Markets

Eden Bradfield: The pros and cons of Sky’s big deal

You'd best hope streaming and advertising revenue make up for the $1 purchase.

Infratil and Ebos help drive NZ stocks higher
Markets Market Close

Infratil and Ebos help drive NZ stocks higher

Infrastructure investor helped the sharemarket end the week on a positive note.

Tom Raynel 25 Jul 2025
Bathurst fails to strike-out Talley's claims
Markets

Bathurst fails to strike-out Talley's claims

Talley's is alleging Companies Act breaches by its coal JV partner.

Pattrick Smellie 25 Jul 2025
New CFO for KMD Brands
Markets

New CFO for KMD Brands

Carla Webb-Sear has been appointed group chief financial officer for KMD Brands.She will join the group executive team on Aug 4 and report to Brent Scrimshaw, group chief executive and managing director.She joins KMD Brands from Qantas, where she was chief financial and strategy...

Staff reporters 25 Jul 2025