After-hours trading | NVIDIA breaks through the 800 mark! Continues to rise by 2.5%
NVIDIA is aiming for a market value of 2 trillion. In after-hours trading, NVIDIA broke through $800, setting a new record high in after-hours stock price!
After NVIDIA's big overnight surge, why did it continue to rise in after-hours trading?
NVIDIA's earnings report yesterday far exceeded expectations, which were continuously raised by the market. The company achieved revenue of $22.1 billion this quarter, a 265% year-on-year increase, surpassing the market's expectation of $20.4 billion. The guidance for the next quarter also exceeded expectations, with an expected revenue of $24 billion (±2%), a 234% year-on-year increase, surpassing the market's expectation of $21.8 billion.
NVIDIA's stock price surged by 16% last night, adding $277 billion to its market value overnight.
In today's after-hours trading, NVIDIA broke through $800, setting a new all-time high!
It is worth mentioning that the AI newcomer SMCI also surged by around 16% in after-hours trading yesterday following NVIDIA's earnings report, closing with a 32% increase.
For investors who are adept at utilizing after-hours trading, it is advantageous to seize opportunities, especially since mainstream North American investors are still asleep.
What is noteworthy is that the emergence of after-hours trading allows trading in the U.S. stock market to be conducted 24 hours a day, better aligning with the schedule of investors in the East.
Investors can trade U.S. stocks in a timely manner based on the market conditions in the Asia-Pacific region and unexpected events in Hong Kong and the U.S., without having to wait for the U.S. market to open in the evening.
The after-hours trading period for U.S. stocks is from 8:00 p.m. to 3:50 a.m. Eastern Time from Sunday to Thursday, forming a 24-hour trading cycle along with pre-market trading, regular trading hours, and post-market trading.
Risk Warning
The trading volume in after-hours trading is generally much smaller than during regular trading hours and usually smaller than in pre-market and post-market trading. Please be aware of slippage risks. Additionally, around the release of major events such as earnings reports by listed companies, there may be significant volatility risks.