Nvidia Faces Weekend After Microsoft PC Move—Monday Tone in Focus
Nvidia is set for another test next week after closing out a short trading week on a weaker note. The company’s shares closed at $211.14 on Friday, off 1.45% for the day and down roughly 1.9% from May 22. Reuters said Saturday that Nvidia and Microsoft are planning to show off the first Windows PCs running on Nvidia chips as the main processor next week. Timing is key as investors want another piece of evidence after Nvidia’s last results pushed expectations even higher. Nvidia posted record Q1 revenue at $81.6 billion, up 85% from a year ago. Data-centre revenue jumped 92% to $75.2 billion. The company also announced an $80 billion buyback and raised its dividend to 25 cents from