Analyst news

• : Costco taps 40-year veteran Ron Vachris as new CEO

  18-10-2023 23:11
  Membership-warehouse retail chain Costco Wholesale Corp. on Wednesday said Craig Jelinek will step down as chief executive on Jan. 1, with a 40-year veteran set to replace him.The company said its board had elected Ron Vachris, who has been its president and chief operating officer since February 2022, as its new chief executive, effective Jan.1 as well. Vachris, who started out as a forklift driver at Costco COST, +0.05%and served in “every major role” in the retailer’s busine
  
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• Market Extra: Bank stocks, financial ETFs struggle as Morgan Stanley shares see biggest drop since 2020

  18-10-2023 23:08
  Exchange-traded funds that buy stocks in the financial sector struggled Wednesday, with Morgan Stanley’s steep drop landing it among the S&P 500’s worst performers. Shares of the Financial Select Sector SPDR Fund XLF,which tracks financial companies in the S&P 500 index, closed 1.7% lower on Wednesday, according to FactSet data. Morgan Stanley’s stock finished the session with a 6.8% slide, after the bank reported a fall in third-quarter profit, although the results bea
  
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• : Jordan fares worse in 2nd vote for House speaker, as McHenry faces calls to step up with 3rd ballot expected Thursday

  18-10-2023 22:56
  Rep. Jim Jordan ran into more trouble Wednesday in his bid to become the next speaker of the U.S. House of Representatives, with the number of fellow Republicans voting against the Ohio congressman rising to 22 in a second ballot, up from 20 a day earlier. The House went into recess after the second ballot, and Jordan later told CNN that he expected a third round of voting to occur around noon Eastern Thursday.Jordan — an ally of former President Donald Trump and co-founder of th
  
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• Earnings Results: Tesla earnings miss the mark, but stock rallies after margins hold

  18-10-2023 22:48
  Tesla Inc. investors looked past an earnings miss for the EV maker on Wednesday, focusing on some good news about the Cybertruck, but stock gains vanished after Chief Executive Elon Musk threw cold water on optimism about the electric pickup truck.“I just want to temper expectations for Cybertruck,” Musk said during a call with analysts and investors after the results. It’s going to be one year to 18 months before the Cybertruck turns into a cash-flow contributor, and there wil
  
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• : Netflix is raising prices on some plans. Here’s what you need to know.

  18-10-2023 22:44
  Netflix Inc. cracked down on password sharing earlier this year, and now the company is looking to boost revenue further with its latest set of price hikes.The streaming giant plans to increase prices on various U.S. plans “starting today,” it said in its letter to shareholders Wednesday. While Netflix NFLX, -2.68%intends to keep the price of its ad-supported service at $6.99 a month and maintain the standard plan’s $15.49 monthly cost, the company will boost the price of its b
  
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• Your Digital Self: Israel-Hamas war threatens the global tech sector’s growth and innovation

  18-10-2023 22:36
  “ Israel’s tech landscape isn’t just vast; it’s pivotal to its economy.”Renowned as the “startup nation”, Israel’s vibrant technological ecosystem stands as a testament to its innovative spirit and resilience. This tech hub, often likened to Silicon Valley, has not only garnered international acclaim but has also significantly bolstered Israel’s economy, reflecting 20% of its GDP. Now the Israel-Hamas war threatens the tech industry not only
  
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• Earnings Results: Netflix’s stock jumps more than 10% on huge spike in subscribers, price hikes

  18-10-2023 22:33
  Netflix Inc.’s stock spiked Wednesday on a huge jump in subscribers, earnings that met expectations and an announced price hike in the company’s basic and premium services. Netflix said it plans to immediately raise prices for its Basic plan in the U.S. to $11.99 a month from $9.99, and lift its Premium price to $22.99 a month from $19.99. The ad-supported ($6.99 a month) and standard plans ($15.49) remain the same.Read more: Netflix is raising prices on some plans. Here’s what
  
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• Earnings Results: Lam Research earnings top Street view, but outlook virtually in line with consensus

  18-10-2023 22:33
  Lam Research Corp. shares slipped in the extended session Wednesday even after the wafer-fab-equipment market’s results topped Wall Street expectations but its earnings forecast midpoint was a penny more than the consensus estimate. Lam LRCX, -1.19%shares fell 3% after hours, following a 1.2% decline to close the regular session at $642.24. The company reported fiscal first-quarter net income of $887.4 million, or $6.66 a share, down from $1.43 billion, or $10.39 a share, in the year-ago p
  
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• Economic Report: Beige Book sees ‘slightly weaker’ U.S. economy and easing inflation

  18-10-2023 20:44
  The U.S. economy exhibited “stable” to “slightly weaker” growth in the early fall, a Federal Reserve survey found, helping to loosen up a tight labor market and ease inflation. The Fed’s regular survey of the economy, known as the Beige Book, covered the six weeks leading up to Oct 6. It was prepared ahead of the Fed’s next meeting on Oct 31-Nov. 1.“This report should give the doves … some additional ammunition in their arguments for the Fed to pa
  
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• Market Extra: U.S. Treasury bond rout deepens as popular fixed-income ETFs touch decade-plus lows

  18-10-2023 20:38
  The iShares 20+ Year Treasury Bond ETF continued to decline on Wednesday, dropping to another round of 16-year lows as U.S. Treasurys saw renewed selling. The iShares 20+ Year Treasury Bond ETF TLT,the market’s largest bond fund and a bellwether for other bond ETFs, was falling nearly 1% on Wednesday, on track to settle at the lowest level since July 9, 2007, according to Dow Jones Market Data.The i …
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• : What’s fueling consumers’ ‘surprising’ spending power? Refinanced mortgages play a role, NY Fed says

  18-10-2023 20:37
  As high inflation and high interest rates have pummeled consumers, many observers expected consumer spending to slow down this year, but instead, spending has shown “surprising” strength, according to a new analysis from the Federal Reserve Bank of New York.  What’s behind consumers’ continued buying power? Households’ diminishing debts over the past three years have had a lot to do with it, New York Fed researchers found. Debt burdens lessened during the
  
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• Market Extra: Wall Street warns of ‘Black Monday’ repeat just in time for 36th anniversary

  18-10-2023 20:29
  As the anniversary of “Black Monday” approaches, some on Wall Street are observing it by swapping ominous-looking charts and speculating that one of the most terrifying days in markets history might recur.One could even go as far to say that on social media, some seem eager to relive it, evidenced by a proliferation of viral markets charts, some comparing the stock market’s recent trading action to 1987. Here’s one example from The Market Ear which adheres to a template t
  
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• Outside the Box: AI needs a strong code of ethics to keep its dark side from overtaking us

  18-10-2023 20:28
  With the advent of generative artificial intelligence, AI-industry leaders have been candidly expressing their concerns about the power of the machine learning systems they are unleashing.Some AI creators, having launched their new AI-powered products, are calling for regulation and legislation to curb its use. Suggestions include a six-month moratorium on the training of AI systems more powerful than OpenAI’s GPT-4, a call that includes several alarming questions:Should we let machin
  
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• Market Snapshot: Dow falls over 150 points with Treasury yields near 16-year highs, oil jumping and tech earnings ahead

  18-10-2023 20:20
  U.S. stock indexes traded lower Wednesday afternoon as Treasury bond yields remained at 16-year highs, while investors digested more corporate results as the third-quarter earnings-reporting season got under way in earnest. Geopolitical angst also hit market sentiment amid the escalation of violence in the Middle East.How stock indexes are trading The Dow Jones Industrial Average DJIAfell 154 points, or 0.5%, to 33,840 The S&P 500 SPXdipped 35.7 points, or 0.8%, to 4,337 The Nasdaq Composite
  
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• The Ratings Game: FedEx expects to keep most of the business it gained from UPS amid union negotiations: analyst

  18-10-2023 20:16
  FedEx’s Corp. executives expect to keep most of the shipping business the company picked up from rival United Parcel Service Inc. during that company’s labor negotiations this year, and they also believe FedEx could hold onto thousands of package deliveries following Yellow’s bankruptcy filing, according to BofA analysts.The analysts, led by Ken Hoexter, said in a note dated Tuesday that the remarks by the executives were made during an investor lunch that same day. FedEx FDX,
  
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• Market Extra: Bond market passes key test as 20-year Treasury auction lures strong demand

  18-10-2023 20:12
  Treasury’s $13 billion auction of 20-year government bonds on Wednesday, seen as a key test of investor demand, came in stronger than expected, which in turn led to a less-pronounced selloff of long-dated government securities in general during the New York afternoon.Ben Jeffery, a strategist at BMO Capital Markets, said the sale produced “a good result” and was “solid.” Tom di Galoma, co-head of global rates trading for BTIG in New York, described the auction as &l
  
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• Market Extra: Bank stocks, financial ETFs struggle as Morgan Stanley shares head for biggest drop since 2020

  18-10-2023 20:07
  Exchange-traded funds that buy stocks in the financial sector were struggling Wednesday, with Morgan Stanley’s steep drop landing it among the S&P 500’s worst performers. Shares of the Financial Select Sector SPDR Fund XLF,which tracks financial companies in the S&P 500 index, was down 1.3% on Wednesday afternoon, according to FactSet data, at last check. Morgan Stanley’s stock was tumbling 7.7% in Wednesday afternoon trading, after the bank reported a fall in third-qua
  
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• The Fed: Fed can ‘wait, watch’ how economy evolves before making any interest-rate decisions, Waller says

  18-10-2023 18:00
  The Federal Reserve needs to “wait, watch and see” how the economy evolves before making any interest-rate moves, said Fed Governor Christopher Waller on Wednesday. Although he didn’t say so specifically, Waller’s comments, in a speech in London, suggest he is in favor of holding interest rates steady at the central bank’s next policy meeting in two weeks.Fed officials will stop talking to the media on Friday in order to prepare for their interest-rate decision on N
  
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• Market Snapshot: Dow falls nearly 200 points with Treasury yields near 16-year highs, oil jumping and tech earnings ahead

  18-10-2023 17:54
  U.S. stock indexes were falling on Wednesday as Treasury bond yields remained at fresh 16-year highs, while investors digested more corporate results as the third-quarter earnings-reporting season got under way in earnest, but geopolitical angst still hit market sentiment amid the escalation of violence in the Middle East. How stock indexes are trading The S&P 500 SPXdipped 32 points, or 0.8%, to 4,340 The Dow Jones Industrial Average DJIAfell 176 points, or 0.5%, to 33,822 The Nasdaq Compos
  
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• The Moneyist: ‘For religious reasons, I cannot invest to earn interest’: I’m 53 and expect to earn $90,000 a year. Is it too late to start investing?

  18-10-2023 17:49
  Dear Quentin, I recently graduated with my master’s degree and am seeking full-time employment at age 53. I want to know what is the best way to invest some of my earnings when I begin r …
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• : ‘I was meant to be here’: The pros and cons of a 55-and-over community

  18-10-2023 17:43
  Dawn Schwartz has lived in a community for people 55 and older for about five years and now, at age 60, she’s considered “one of the youngsters” in a place where the average age is 75. Still, Schwartz says, “I was meant to be here.” She lives at Del Webb Nocatee in Ponte Vedra, Fla., and works in property management at Del Webb eTown in nearby Jacksonville.As empty nesters, Schwartz and her husband knew they didn’t want to be around tons of kids, but they want
  
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• Banking: Morgan Stanley earnings fall 10% but beat lowered Wall Street expectations

  18-10-2023 14:19
  Morgan Stanley on Wednesday said its third-quarter profit fell 10% amid weakness in its investment banking business, but its trading and asset-management revenue rose. Morgan Stanley MS, +2.03%said profi …
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• Need to Know: ‘The high for equities is not in,’ says technical strategist who unpacks the stocks to buy now.

  18-10-2023 14:17
  Count Wharton Professor Jeremy Siegel among the stock bulls headed into the fourth quarter, versus unwavering bears like Morgan Stanley’s Mike Wilson, who sees a 10% drop ahead. Siegel argues that bonds, which have been giving stocks the shove, have proven to be a terrible inflation hedge, but investors have forgotten that given it’s 40 years since the last big price shock. “Stocks are excellent long-term hedges, stocks do beautifully against inflation, bonds do not,” he
  
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• Earnings Results: Procter & Gamble earnings rise as it again raises prices and boosts margins

  18-10-2023 14:17
  Procter & Gamble, the Cincinnati-based parent of brands including Charmin, Crest and Pampers, posted better-than-expected fiscal first-quarter earnings early Wednesday, boosted by another increase in prices. The report sent its stock PG, +0.13%up 1.5% in premarket trade.The company posted net income of $4.521 billion, or $1.83 a share, for the quarter to Sept. 30, up from $3.963 billion, or $1.57 a share, in the year-earlier period. Adjusted per-share earnings also came to $1.83, well ahead
  
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• Yuan wakes up. Forecast as of 18.10.2023

  18-10-2023 12:58 via litefinance.org
  
  China’s domestic data are improving. Many investors expected the Chinese economic recovery earlier, and they are unwilling to bet on the yuan now. However, the USDCNH bears are to go ahead soon. Let us discuss the Forex outlook and make up a trading plan.Monthly yuan fundamental forecastBetting on China at the beginning of the year seemed like a win-win. Judging by the rapid recovery of the economies in the USA and the euro area after exiting lockdowns, investors seriously expected that hi
  
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• Futures Movers: Crude prices surge as deadly hospital blast in Gaza ratchets up regional tensions

  18-10-2023 11:26
  Oil prices climbed on Wednesday, following a deadly blast at a hospital in Gaza City that left hundreds dead, and ratcheted up regional tensions, with both Israel and Hamas exchanging blame.Price action West Texas Intermediate crude  CL00, +2.99% for November delivery  CL.1, +2.99% CLX23, +2.99%rose $2.56, or 2.2%, to $88.88 a barrel. The contract settled flat at $86.66 a barrel on the New York Mercantile Exchange after losing 1.2% on Monday. December Brent crude  B
  
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• : Bridgewater chief investment officers say the market has entered the second stage of tightening

  18-10-2023 11:18
  The upward adjustment in bond yields was warranted and isn’t done yet, say the co-chief investment officers of hedge fund giant Bridgewater Associates. Bob Prince, Greg Jensen and Karen Karniol-Tambour, in an article posted to the firm’s website, say the market is at an unusual stage where changes in economic conditions aren’t the biggest drivers of changes in yields and asset prices. “At this stage of the tightening cycle, what matters most will be whether the desired le
  
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• Market Snapshot: S&P 500 futures ease as Treasury yields hit fresh highs, Tesla results loom

  18-10-2023 11:05
  U.S. stock futures fell early Wednesday as benchmark bond yields touched fresh 16-year highs and geopolitical angst hit global sentiment.How are stock-index futures trading S&P 500 futures ES00, -0.34%dipped 8 points, or 0.2%, to 4394 Dow Jones Industrial Average futures YM00, -0.20%fell 18 points, or 0.1%, to 34126 Nasdaq 100 futures NQ00, -0.51%eased 42 points, or 0.3%, to 15199On Tuesday, the Dow Jones Industrial Average DJIArose 13 points, or 0.04%, to 33998, the S&P 500 SPXdeclined
  
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• NerdWallet: Summer vacation in Greenland? How climate change is raising questions about travel destinations and peak seasons.

  18-10-2023 11:02
  This article is reprinted by permission from NerdWallet.  Travelers encountered many weather surprises this summer, from wildfires in Europe to knee-deep mud at Burning Man. Indeed, it was the hottest summer on record around the globe, according to the European Union’s Copernicus Climate Change Service.“The dog days of summer are not just barking, they are biting,” said U.N. Secretary-General António Guterres in a prepared statement published Sept. 6. “Our pla
  
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• Kelley Blue Book: The 2024 Subaru Crosstrek Wilderness: Oh, yeah, it will take you into the wild

  18-10-2023 11:02
  There’s now a third way to get your Subaru Wilderness on, and it’s the least expensive entry yet. The 2024 Crosstrek Wilderness is the latest model to receive Subaru’s off-road intensive treatment, following the Outback Wilderness and Forester Wilderness. This little brother in the lineup gets much of the same gear and an alluring price. The 2024 Subaru Crosstrek Wilderness starts at $31,995 and represents the top of the lineup for the Subaru
  
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• Next Avenue: ‘I don’t have a trust fund or generational wealth to fall back on’: The investment gap and how people of color can save for the future.

  18-10-2023 11:01
  This article is reprinted by permission from NextAvenue.org. My immigrant Latino parents never spoke to me about money. Their emphasis was always on education. I had to go to college, end of discussion. But when I got to college, I knew nothing about savings accounts or high-interest-rate credit cards or how debt can ruin your life.I’m in my early 50s and have only recently paid off my decades of accumulated debt and started saving for retirement. We need to learn about mone
  
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• NerdWallet: Twice as nice: 4 tax breaks married couples can use to build wealth

  18-10-2023 11:00
  This article is reprinted by permission from NerdWallet.  The investing information provided on this page is for educational purposes only. NerdWallet, Inc. does not offer advisory or brokerage services, nor does it recommend or advise investors to buy or sell particular stocks, securities or other investments.“Two is better than one” is an adage that translates to finances, too. Two incomes can go much further than one, especially between married couples. People who say “
  
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• Earnings Outlook: Tesla earnings: Focus on margins after recent price cuts

  18-10-2023 11:00
  Tesla Inc. is slated to report third-quarter earnings on Wednesday amid renewed concerns about the EV maker’s margins and demand after a fresh round of price cuts.Sentiment toward Tesla TSLA earnings for the remainder of the year “skews cautious,” and there’s risk earnings could be revised lower, Morgan Stanley analyst Adam Jonas said in a note Thursday.Moreover,…
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• Earnings Outlook: Morgan Stanley earnings: What to expect

  18-10-2023 11:00
  Morgan Stanley is on deck to report lower earnings on Wednesday morning as the last of the U.S.’s largest banks to weigh in with results.What to expect Earnings: Analysts tracked by FactSet expect Morgan Stanley MS, +2.03%to earn $1.28 a share, down from $1.47 a share in the year-ago quarter. At the start of the quarter, analysts had estimated third-quarter earnings of $1.58 a share for Morgan Stanley.The consensus estimate from Estimize, which crowdsources estimates from hedge funds, acad
  
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• : Procter & Gamble earnings: What to expect

  18-10-2023 11:00
  Procter & Gamble, the Cincinnati-based parent of brands including Charmin, Crest and Pampers, will report fiscal first-quarter earnings early Wednesday. Here’s what to expect.Earnings Profit: P&G PG, +0.13%is expected to report per-share earnings of $1.72, according to analysts polled by FactSet, That’s up from $1.57 in the year-earlier period.Estimize, which crowdsources estimates from buy and sell-side analysts, academics, students and others, is expecting EPS of $1.74. Rev
  
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• USD: too tired to grow. Forecast as of 18.10.2023

  18-10-2023 09:34 via litefinance.org
  
  Looking at the US-eurozone economic divergence, you can't help but wonder why EURUSD is not moving towards parity. All in good time. The US dollar weakened slightly, which is beneficial for the euro. Let's discuss this topic and make up a trading plan.Weekly US dollar fundamental forecastStaggering employment data, strong CPI, and impressive retail sales. If the Fed's policy is truly data-dependent, how can the regulator not raise rates in such a situation? The market believed in the r
  
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• Dow Jones Newswires: ASML expects flat 2024 revenue due to demand uncertainty

  18-10-2023 08:41
  ASML Holding said it expects revenue next year to be similar to 2023 given uncertainty around demand recovery in the semiconductor industry, but posted better-than-expected net income for the third quarter. “The semiconductor industry is currently working through the bottom of the cycle and our customers expect the inflection point to be visible by the end of this year,” Chief Executive Officer Peter Wennink said, adding that 2024 is seen as a transition year.The Dutch semiconductor-
  
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• Futures Movers: Crude prices climb as deadly hospital blast in Gaza ratchets up regional tensions

  18-10-2023 08:22
  Oil prices climbed on Wednesday, following a deadly blast at a hospital in Gaza City that left hundreds dead, and ratcheted up regional tensions, with both Israel and Hamas exchanging blame.Price action West Texas Intermediate crude  CL00, +1.93% for November delivery  CL.1, +1.93% CLX23, +1.93%rose $1.93, or 2.2%, to $88.59 a barrel. The contract settled flat at $86.66 a barrel on the New York Mercantile Exchange after losing 1.2% on Monday. December Brent crude  B
  
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• Short-term analysis for oil, gold, and EURUSD for 18.10.2023

  18-10-2023 08:11 via litefinance.org
  
  I welcome my fellow traders! I have made a price forecast for USCrude, XAUUSD, and EURUSD using a combination of margin zones methodology and technical analysis. Based on the market analysis, I suggest entry signals for intraday traders. Gold is trading up in the short term Oil price forecast for today: USCrude analysisThe short-term oil trend has reversed upside today. The price broke through the high of October 16 and broke out resistance (В) 86.05 - 85.56. The buy target
  
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• Short-term forecast for BTCUSD, XRPUSD and ETHUSD 18.10.2023

  18-10-2023 07:13 via litefinance.org
  
  I welcome my readers!I have prepared a short-term cryptocurrency forecast based on the Elliott wave analysis of Bitcoin, Ripple, and Ethereum. I offer entry signals to trade each cryptocurrency.Elliott wave Bitcoin analysisThe last actionary wave [Z] inside the linking wave XX can take the shape of a standard zigzag (A)-(B)-(C). The impulse wave (A) may have already been completed. A corrective wave (B) is now unfolding. Correction (B) may end around the level of 27646.97. Then, expect the price
  
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• : Elon Musk’s X to start charging new, unverified users in test program in two countries

  18-10-2023 02:25
  Elon Musk’s X will start charging new, unverified users in a test program in two countries. X, formerly known as Twitter, said Tuesday it will test its new “Not a Bot” program in New Zealand and the Philippines. New, unverified users in those countries will be required to pay a $1-a-year subscription fee in order to post and interact with other posts. Existing users will not be affected.“This new test was developed to bolster our already successful efforts to reduce spam,
  
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• Dow Jones Newswires: Takeda trial for Crohn’s Perianal Fistulas treatment misses primary endpoint

  18-10-2023 02:12
  Takeda 4502, -1.54%said Tuesday its trial of darvadstrocel in the treatment of complex Crohn’s Perianal Fistulas didn’t meet its primary endpoint based on topline data. The pharmaceutical company said the Phase 3 trial assessing the treatment, which goes by brand name Alofisel, had a primary endpoint of combined remission at 24 weeks.The company said it was evaluating the financial effect of the study results, which may include impairment loss for intangible assets in the fiscal quar
  
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• TaxWatch: Do you live in one of these 13 states? The IRS could do your taxes next year — for free.

  18-10-2023 01:59
  Eligible taxpayers in 13 states will have the opportunity to test out the Internal Revenue Service’s foray into free tax preparation in the upcoming tax season, the agency announced Tuesday. Taxpayers who want to try out the pilot program will need to have relatively simple tax returns. They’ll also need an invitation from the tax agency in order to participate, the IRS said.In May, the IRS announced it would test a program that will let people file their taxes for free directly with
  
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• : Ardelyx wins long battle for FDA approval of kidney-disease treatment 

  18-10-2023 01:24
  Ardelyx Inc. ARDX, -0.58%on Tuesday won its long fight for U.S. regulatory approval of a treatment designed to help patients with chronic kidney disease.The biopharma company said late Tuesday that the U.S. Food and Drug Administration approved tenapanor, marketed under the brand name Xphozah, for control of serum phosphorus in patients with chronic kidney disease on dialysis. A high level of phosphorus in the blood is often a sign of kidney damage and can lead to weak bones, joint pain, cardiov
  
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• Dow Jones Newswires: Impact Biomedical files for IPO

  18-10-2023 00:46
  Impact Biomedical has filed for an initial public offering, according to a filing with the Securities and Exchange Commission. The provider of natural and plant-based technology said in the filing on Tuesday it plans to list its shares on the New York Stock Exchange. The company didn’t detail how many shares it is offering, the estimated share price either, or ticker symbol.In 2022, the company posted a net loss of $7.3 million compared with a loss of $1.8 million for the same period a yea
  
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• Earnings Results: J.B. Hunt says it’s not yet out of the ‘freight recession,’ but that there are signs of a rebound

  18-10-2023 00:17
  Shares of J.B. Hunt Transport Services Inc. fell after hours on Tuesday as the trucking and transportation-services provider reported third-quarter results that missed Wall Street’s expectations, amid continued lower shipping demand.The results follow a roller-coaster for the shipping industry over the past two years, as shipping costs spiked due to supply-chain logjams and then dropped as higher prices for essentials recalibrated consumer demand. Executives at the company, however, signal
  
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• The Ratings Game: ‘Unprecedented’ AI server buildout may be happening too quickly, this analyst warns

  18-10-2023 00:12
  Forecasts for data-center server growth far exceed any that occurred during the rise of the internet, so while one analyst is positive long term on the AI gold rush, he warns the risk of building too much too soon also runs high.This past summer, graphics-processing unit giant Nvidia Corp. NVDA, -4.68%reported a 141% leap in quarterly data-center sales to $10.32 billion as the chip maker began recording sales of AI-focused chipsets that were in very high demand from hyperscalers and public-cloud
  
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