Nvidia (NVDA) stock fell roughly 6% Thursday afternoon after the company’s fourth quarter earnings topped Wall Street’s expectations but its outlook for first quarter gross margin came in lower than estimates. NasdaqGS – Nasdaq Real Time Price • USD As of 3:39:29 PM EST. Market Open. Nvidia guided for a gross margin of roughly 71%…
Nvidia (NVDA) stock fell 2% in early trading Thursday after the company’s fourth quarter earnings topped Wall Street’s expectations but its outlook for first quarter gross margin came in lower than estimates. NasdaqGS – Nasdaq Real Time Price • USD As of 10:53:28 AM EST. Market Open. Nvidia guided for a gross margin of roughly…
(Bloomberg) — Beneath a solid fourth-quarter earnings season, there’s a worrisome development that may put a dent in the bull case for US stocks: Corporate America’s profit outlook is souring. Most Read from Bloomberg Among companies that have issued guidance for next quarter and beyond, more have provided estimates that trail analysts’ expectations. A gauge…
Semiconductor stocks are rallying this morning, buoyed by Micron Technology’s (MU) fourth quarter earnings beat yesterday. The chipmaker is leading the charge, with its shares surging over 10%. Markets (^DJI, ^IXIC, ^GSPC) are also reacting to fresh GDP and jobless claims data this morning. This comes ahead of Friday’s crucial PCE (Personal Consumption Expenditures) print,…