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Technology Stocks : NVIDIA Corporation (NVDA)

NVDA 177.80

-2.6%

3:59 PM EST

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From: Frank Sully	10/26/2021 12:06:56 PM
	of 2646

Nice move in NVIDIA today. Up 86% year-to-date. NVDA NVIDIA Corporation \| NASDAQ 246.46 14.80 (+6.39%) 12:03 PM 10/26/21 Only news I’m aware of is from facebook earnings call where they said: ""We expect 2021 capital expenditures to be approximately $19 billion, updated from our prior estimate of $19-21 billion. For 2022, we expect capital expenditures to be in the range of $29-34 billion, driven by our investments in data centers, servers, network infrastructure, and office facilities. A large factor driving the increase in capex spend is an investment in our AI and Machine Learning capabilities, which we expect to benefit our efforts in ranking and recommendations for experiences across our products, including in Feed and video, as well as improving ads performance and relevance." Facebook also announced $10 billion investment in Metaverse next year. That is a huge amount of sales coming Nvidia's way!

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