Premarket Movers: Nvidia and Robinhood Soar on Strong Earnings
Nvidia and Robinhood are among the top stocks making moves in premarket trading on Wednesday. Nvidia, which has been a key player in the artificial intelligence (AI) market, saw its stock price jump after a strong earnings report.
The company reported revenue of $8.3 billion for the quarter, beating analyst estimates of $7.4 billion. This growth is largely due to the increasing demand for AI and graphics processing units (GPUs).
Nvidia's CEO, Jensen Huang, stated in an interview that the company's AI business has seen significant growth in recent quarters.
Robinhood, a popular online brokerage platform, also saw its stock price rise after reporting strong quarterly earnings. The company reported revenue of $1.8 billion for the quarter, beating analyst estimates of $1.6 billion.