Nvidia (NASDAQ: NVDA) took the gold medal for the number of times "AI" (artificial intelligence) was mentioned on its latest earnings call. In a new era where operational efficiency is the focus of the business world, Nvidia has built itself into far-and-away the top platform for building AI systems to unlock new computing technology use cases for companies and new cost-saving opportunities. The emergence of the AI economy is a long-term thesis for owning Nvidia right now, but the more notable news on the last earnings update was that the company would be returning to growth again. Read More...
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Ambarella stock down sharply after outlook falls short
Ambarella Inc. (AMBA) shares fell almost 7% after hours Tuesday, after rising 2% in the regular session to close at $94.31, after its outlook fell short of analyst expectations. The semiconductor company reported a fourth-quarter net loss of $11.1 million, or 29 cents a share, compared with $9.2 million, or 25 cents a share, in the year-ago period. Adjusted for stock-based compensation, income tax effects and other costs, earnings were 23 cents a share.
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