Nvidia earnings seal Big Tech stock dominance

May 27, 2024

Nvidia’s blowout earnings wrapped up another headline reporting season for the so-called Magnificent 7 tech stocks, underscoring their broader market dominance amid this year’s record-setting rally.

Nvidia’s (NVDA) first quarter earnings tally included both a fivefold increase in overall revenue, which topped $26 billion, and a massive surge in net income that produced a bottom line of $15.24 billion.…

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