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Top Stock Market Highlights of the Week: Nvidia’s Share Price Soars, SGX and the Japanese Stock Market
By The Smart Investor  •  May 27, 2023
Welcome to the latest edition of top stock market highlights. Nvidia Corporation (NASDAQ: NVDA) Nvidia provided strong guidance that saw its shares jump 24.4% to a one-year high of US$379.80. The company is the biggest manufacturer of the advanced microchips required to power a new generation of artificial intelligence (AI) services known as generative AI, popularised by the chat program ChatGPT. ChatGPT, a technology developed by OpenAI, a company in which Microsoft (NASDAQ: MSFT) invested, is part of a new generation of search engines that can provide detailed responses with just a few simple prompts and keywords. Already, Microsoft is incorporating ChatGPT into its new Bing search engine while technology behemoth Alphabet (NASDAQ: GOOGL) has developed Bard, a conversational AI service that is also powered by large language models. For the first quarter ending 30 April 2023 (1Q 2023), Nvidia saw its revenue dip by 13% year on year to US$7.19 billion. However, operating and net profit were up 15% and 26%, respectively...
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By The Smart Investor
The Smart Investor is co-founded by David Kuo, Joanna Sng, and Chin Hui Leong. The company was formed in late 2019 from the ashes of the Motley Fool Singapore. The Smart Investor believes that everybody can learn how to invest, smartly. We aim to educate people on how to invest smartly by providing investing education, stock commentary and market coverage for Singapore and around the world.
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