engages in the design and manufacture of computer graphics processors, chipsets, and related multimedia software. NVIDIA Corp (NASDAQ:NVDA) shares are trading higher in Wednesday's after-hours session after Meta Platforms Inc (NASDAQ:META) raised its capital expenditures outlook, citing increased data center spending.
Shares of data-center equipment providers jumped in the extended session Wednesday after Facebook parent Meta Platforms Inc. In the face of customer big action correction wafer orders, wafer foundry have slowed down the progress of investment / expansion, while actively adjusting the product portfolio to find a new round of growth track.ĭata-center Suppliers Get Boost as Meta Hikes Capex for AI Wafer generation factory, aiming at the new track The spending plan will benefit vendors that provide data center equipment to Meta The company expects capital expenditure to expand further to $34 billion-$39 billion in 2023, up from $30 billion-$34 billion this year. Meta Platforms (META.US) on Wednesday reported third-quarter results and plans to spend more money on components next year and invest in infrastructure such as data centers, servers and networks to support its push into a digital immersive experience. On October 27th, NVIDIA Corp (NVDA.US) rose 3.44% to US $133.4 before trading. SEMI:Q3 global semiconductor wafer shipments hit an all-time highĬhanges in US stocks | Nvidia's pre-market rise of 3% is expected to benefit from the Meta2023 annual spending plan Meta's Capex Guide Positive for Nvidia, AMD and Others, Says Wells Fargo Meta's Increased Spending Is Good News for These Stocks - īy Adam Clark Meta's results disappointed the market on Wednesday but its plan to increase spending on data-center and network infrastructure gave a boost to some stocks. Most US chip stocks are strong, Maywell Technology is up nearly 10%, NVIDIA Corp is up 7%, NVIDIA Corp is up nearly 5%, Broadcom Ltd and Gao are up about 2%. As of press time, MRVL.US is up 4.8%, NVDA.US is up 2.46%, AMD.US is up 1.72%, and Broadcom Ltd (AVGO.US) and Qualcomm Inc (QCOM.US) are up about 2%. Zhitong Financial APP learned that most U. Unfortunately, these high risk investmentsĬhanges in US stocks | Chip stocks are up MRVL.US is up more than 4% Investors are often guided by the idea of discovering 'the next big thing', even if that means buying 'story stocks' without any revenue, let alone profit. Does NVIDIA (NASDAQ:NVDA) Deserve A Spot On Your Watchlist?
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