Nvidia (NVDA) stock wavered Thursday as investors considered quibbles with the AI chipmaker’s beat-and-raise earnings report. The Santa Clara, Calif.-based company late Wednesday reported better-than-expected results for its fiscal third quarter but its sales guidance for the current period was only modestly above views. Nvidia stock fell in after-hours trading following the Q3 report. ↑…
The Dow Jones Industrial Average and other major stock indexes rose Thursday as investors traded up shares of Nvidia (NVDA). Meanwhile, the Labor Department’s initial unemployment claims unexpectedly dropped on the stock market today. After the opening bell, the Dow Jones Industrial Average rose 0.4%, as the S&P 500 moved up 0.5%. The tech-heavy Nasdaq…
It wasn’t looking good in the early going Wednesday as sellers initially knocked the Nasdaq composite lower by 1.4% on an intraday basis. There was no specific news to account for the downdraft, but it didn’t matter. Stock market bulls won another battle as the Nasdaq pared early losses and closed with a deficit of…
Dow Jones futures and S&P 500 futures tilted higher after hours, while Nasdaq futures edged lower. Nvidia (NVDA) reported earnings and guidance with huge implications for the overall market and especially artificial intelligence plays such as Taiwan Semiconductor (TSM), Broadcom (AVGO) and Astera Labs (ALAB). Palo Alto Networks (PANW) and Snowflake (SNOW) also reported. ↑…
ZIM Integrated Shipping (ZIM) was poised for its third breakout of the year after a blowout Q3 earnings report. The Israel-based container fleet operator reported earnings of $9.34 per share, up from a loss of nearly $19 per share a year ago. Revenue came in at $2.77 billion, vs. consensus views for $2.41 billion….
Microsoft‘s (MSFT) Azure business will provide cloud computing services to artificial intelligence software maker C3.ai (AI) under an expanded partnership announced Tuesday. AI stock popped on the news. The companies announced the partnership targeting enterprise customers at Microsoft’s Ignite cloud computing conference. “This strategic alliance accelerates the adoption of enterprise AI, benefiting customers with broadly…
Reddit stock jumped Tuesday after analysts at Piper Sandler set a higher price target for the recent IPO stock. The social media stock has soared nearly 200% since its debut in March. ↑ X NOW PLAYING Party Like It’s 1999? How To Play The Bullish Stampede As AppLovin, Astera, Reddit Surge In a note to…
Dow Jones futures were little changed after hours, along with S&P 500 futures and Nasdaq futures. The stock market rally shrugged off early lows due to Russia’s nuclear saber-rattling, closing mixed but with the Nasdaq solidly higher. Many leading stocks made bullish moves. Nvidia (NVDA) rebounded back above a buy point, amid positive analyst comments heading…
Vertiv (VRT) impressed Wall Street with the data center infrastructure provider’s long-term outlook at an investor event on Monday. Vertiv stock jumped as it received a flurry of bullish reports on the news. The Westerville, Ohio-based company held its investor event in Atlanta in conjunction with the SC24 high-performance computing conference. Vertiv exhibited its latest…
The Dow Jones Industrial Average and other major indexes retreated Tuesday as the Russia-Ukraine conflict heated up. Super Micro Computer (SMCI) rallied after taking measures to avoid getting delisted. Nvidia (NVDA) rose on the stock market today ahead of earnings. The Dow tumbled 0.8%, or more than 350 points, and is on pace for its…