Trending tickers: Nvidia, Standard Chartered, Moderna and Walmart

Wall Street analysts have cheered Nvidia’s blowout earnings report with the median price target for the stock rising 19%. The AI darling reported adjusted earnings per share (EPS) of $5.16 on revenue of $22.1bn (£17.4bn) for the quarter. The company also guided higher than analysts' expectations for the first quarter, saying it anticipates revenue of $24bn. “The equity rally continued around the globe as Nvidia earnings sparked a wave of record highs. NVIDIA added $277bn in value, the most in market history, and brought its gains for the year to date to $740bn, taking its market capitalization to $1.94tn,” Jeremy Naylor, analyst at IG, said. Read more: FTSE 100 live: Stocks continue to rally as Standard Chartered announces $1bn buyback Those shorting Nvidia stock were left nursing more than $2.9bn of paper losses, per data from Ihor Dusaniwsky, managing director of predictive analytics at S3 Partners, Reuters reported. Standard Chartered has laid out plans to hand cash back to shareholders as it became the latest lender to reveal higher profits. The Asia-focused bank launched a $1bn (£800m) share buyback and plans to return around $5bn (£4bn) to shareholders over the next three years. It came as the company reported a...

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