Nvidia’s financial performance in the July quarter blew past its earlier projections as demand boomed for its specialized server chips for artificial intelligence. Revenue rose 101% to $13.5 billion from the same period a year earlier, significantly higher than the 64% growth Nvidia projected for the quarter when it held a conference call with analysts three months ago. Shares rose nearly 10% in...
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DoorDash Should Buy Instacart Now
Instacart’s stock price performance so far brings to mind a variation on the old line about love: Is it better to have gone public and lost, or never to have gone public at all? The shares fell 9% on Monday to $26.96, 10% below its IPO price, following our scoop that the Wall Street analysts at the banks underwriting the offering are projecting a severe slowdown in Instacart’s growth in the...
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