Hot discussion on WSB | NVIDIA breaks new highs in pre-market, demand for AI chips remains strong

LB Select
2024.02.02 09:23
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Before the market opens, Meta Platforms surged 16%, Amazon surged 6%, and Apple fell more than 2.3%.

NVIDIA ranks fifth on the popularity list, with pre-market stock prices rising more than 2% and reaching a new all-time high.

It is worth mentioning that Meta Platforms and Amazon are both major clients of NVIDIA.

In addition, financial reports and conferences from giants such as Microsoft and Alphabet-C have revealed plans to significantly increase capital expenditures.

Microsoft stated that due to the continuous need for funding to support the early-stage deployment of AI technology, capital expenditures may increase by 69% to reach $11.5 billion, and they expect "significant growth" to continue. Alphabet-C's capital expenditures for the fourth quarter of 2023 surged by 45% to $11 billion. Alphabet-C also indicated that this year's expenditures will be significantly higher than in 2023, indicating the continued strong demand for AI chips.

Meta Platforms ranks first on the popularity list, with overwhelming popularity and performance exceeding expectations. It surged 16% in pre-market trading due to a $50 billion share repurchase plan and revenue guidance for the next quarter exceeding expectations by 20%-29%.

Amazon ranks second on the popularity list, with performance exceeding expectations and a 6% increase in pre-market trading.

Apple ranks third on the popularity list. Although its Q4 performance is not bad, the market has a pessimistic outlook for the future.

Supermicro ranks sixth on the popularity list, reaching a new high with a 10% overnight increase and a pre-market increase of approximately 2.5%.

BTC target TLT has recently made the list.

Data source: apewisdom, the most discussed stocks in the past 24 hours

Note:

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