Asia markets mostly fall as investors assess Nvidia results, Adani charges
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- November 21, 2024
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Stocks making the biggest moves after hours: Nvidia, Snowflake and more
Check out the companies making headlines in extended trading: Nvidia — The artificial intelligence darling slid nearly 2% despite exceeding expectations for the third quarter and providing strong guidance. Nvidia posted 81 cents in adjusted earnings per share and $35.08 billion in revenue. Analysts surveyed by LSEG were expecting 75 cents in earnings per share […]
Stocks making the biggest moves midday: Target, Nvidia, AppLovin, Williams-Sonoma and more
Check out the companies making headlines in midday trading: Williams-Sonoma — The home goods retailer soared about 29% after beating expectations on both lines for the third quarter and raising full-year guidance. Williams-Sonoma earned $1.96 per share on $1.80 billion in revenue, while analysts surveyed by LSEG had anticipated just $1.78 in earnings per share […]
Stocks making the biggest moves premarket: Target, Dolby Labs, Nio, Netflix and more
Check out the companies making headlines before the bell. Target – Shares plunged more than 17% after the Minneapolis-based retailer missed third-quarter earnings and revenue estimates and slashed its full-year guidance, just three months after raising that forecast. Target cited only a slight uptick in customer traffic and its CEO noted “lingering softness in discretionary […]
Stocks making the biggest moves after hours: Keysight Technologies, La-Z-Boy, Dolby Laboratories and more
Check out the companies making headlines in extended trading: Keysight Technologies — Shares added more than 8%. The electronics test and measurement equipment company’s fiscal fourth-quarter results beat analysts’ estimates on the top and bottom lines. Keysight also issued a rosy outlook for the current quarter, anticipating adjusted earnings ranging from $1.65 to $1.71 per […]
Stocks making the biggest moves midday: Walmart, Lowe’s, Intuit, Kraft Heinz and more
Check out the companies making headlines in midday trading: Walmart — The big-box retailer saw shares jump nearly 5% to hit a record after the retail giant topped fiscal third-quarter earnings and revenue expectations. The retailer also hiked its outlook again as it saw growth in e-commerce and improvements in sales outside of the grocery […]
Nvidia says it will sell more of its next-generation Blackwell chips than previously anticipated
After a quarter where Nvidia’s sales nearly doubled, investors and analysts are wondering how long the chipmaker can keep this kind of growth going now that it has a $140 billion annual revenue run rate. Those hopes fall on Blackwell, which is Nvidia’s name for a family of server products based around its next-generation AI […]
Snowflake shares pop 19% on earnings and revenue beat
The New York Stock Exchange welcomes Snowflake to usher in the first day of winter on Dec. 21, 2021. NYSE Snowflake shares on Wednesday spiked 19% in extended trading after the data analytics software maker reported fiscal third-quarter earnings that beat estimates. Here’s how the company did, compared to LSEG analyst expectations: Earnings per share: […]
Business spending on AI surged 500% this year to $13.8 billion, says Menlo Ventures
Sopa Images | Lightrocket | Getty Images Business spending on generative AI surged 500% this year, from $2.3 billion in 2023 to $13.8 billion, according to data released by Menlo Ventures on Wednesday. The report also found that OpenAI ceded market share in enterprise AI, declining from 50% to 34%. Anthropic doubled its market share […]
Nvidia to report third-quarter earnings after the bell
Nvidia CEO Jensen Huang arrives at the launch of the supercomputer Gefion, at the Vilhelm Lauritzen Terminal in Kastrup, Denmark, Oct. 23, 2024. Ritzau Scanpix | Mads Claus Rasmussen | Via Reuters Nvidia reports fiscal third-quarter earnings Wednesday after the market closes. Here’s what Wall Street is looking for, per LSEG consensus estimates: Revenue: $33.16 […]
Bitcoin rises to a fresh record above $94,000 as investors watch Trump transition, ETF options
Jonathan Raa | Nurphoto | Getty Images Bitcoin advanced past $94,000 on Wednesday for the first time as traders continued to monitor President-elect Donald Trump’s transition back to the White House and weighed early options trading on bitcoin ETFs. The price of the cryptocurrency was last higher by more than 1% at $94,461.75, according to […]