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Nvidia Hits $5 Trillion, Fiserv Plunges, Caterpillar Jumps
Description
On this episode of Stock Movers:
- Nvidia (NVDA) achieved a historic $5 trillion market capitalization as Chief Executive Officer Jensen Huang’s spree of deals catapults the artificial intelligence frenzy to new heights. The company's shares rallied as much as 5.2% to $211.47, propelling Nvidia over the milestone, with Wall Street analysts overwhelmingly bullish on the firm's future prospects.
- Fiserv (FI) shares of payments-related companies slid Wednesday, tracking Fiserv lower after it reported earnings that fell well below expectations and slashed its outlook. Fiserv shares plunged by a record 47%.
- Catepillar (CAT) shares jumped after the company posted stronger-than-expected earnings and revenue due to surging demand from AI data centers for its power-generation equipment. The company's energy and transportation division posted a 17% jump in revenue from the year-earlier period, outpacing sales growth in its traditional divisions.
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