Day: August 28, 2024
Nvidia’s earnings report shows the problem of being priced for perfection
Nvidia CEO Jensen Huang delivers a keynote address during the Nvidia GTC Artificial Intelligence Conference at SAP Center on March 18, 2024 in San Jose, California. Justin Sullivan | Getty Images Nvidia reported its fourth-straight quarter of triple-digit revenue growth on Wednesday, sailing past estimates on the top and bottom line while also issuing a […]
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The Fed now will focus on the employment part of its mission — and for good reason
Federal Reserve officials have made it clear that they are turning their attention from a focus squarely on inflation to at least an equal concern about unemployment, and the latest data shows their concern is well placed. Various indicators are pointing to a labor market that, if not in outright deterioration, is at least slowing. […]
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Is Chinese e-commerce giant PDD’s stock plunge a buying opportunity? Analysts share their views
Shares of low-cost Chinese e-commerce giant PDD plunged on Monday, but it’s still a buy, according to some analysts. Those Nasdaq-listed shares fell nearly 29%, and declined further on Tuesday. PDD, which owns discount platforms Pinduoduo in China and Temu for the international market, had reported second-quarter earnings that fell short of expectations. Its revenue […]
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Nvidia stock could plunge 20% if Big Tech starts to signal this one change, fund manager says
Nvidia is riding a number of tailwinds right now, including strong pricing power thanks to high demand for its chips and a tight supply that’s helping the company command gross profit margins of over 70%. That could all change, according to one analyst, who has highlighted a sign that investors should watch out for, which […]
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Affirm shares surge 16% after better-than-expected results, strong guidance
Jaque Silva | Lightrocket | Getty Images Affirm shares jumped as much as 16% in after hours trading on Wednesday, after the provider of buy now, pay later loans reported better-than-expected fiscal fourth-quarter results. Here’s how the company did, compared to analysts’ consensus estimates from LSEG. Loss per share: 14 cents adjusted vs. 51 cents expected […]
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CrowdStrike beats quarterly consensus but lowers full-year guidance
CrowdStrike CEO George Kurtz speaks at the Wall Street Journal Tech Live conference in Laguna Beach, California, on Oct. 21, 2019. Martina Albertazzi | Bloomberg | Getty Images CrowdStrike shares slipped 4% in extended trading on Wednesday after the cybersecurity software maker reported strong fiscal second-quarter results but reduced full-year guidance in the wake of […]
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Stocks making the biggest moves after hours: Nvidia, Salesforce, CrowdStrike, Affirm and more
Check out the companies making headlines in extended trading: Nvidia — The artificial intelligence chipmaker dropped 5% even after Nvidia beat expectations in its fiscal second-quarter results. Adjusted earnings per share of 68 cents exceeded the LSEG consensus estimate of 64 cents per share. Revenue of $30.04 billion exceeded the anticipated $28.7 billion. In the […]
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Nasdaq 100 futures fall after Nvidia posts quarterly earnings: Live updates
Traders work on the floor of the New York Stock Exchange (NYSE) during morning trading in New York on August 23, 2024. Angela Weiss | AFP | Getty Images Nasdaq 100 futures fell Wednesday night after Nvidia — the artificial intelligence bellwether that’s up more than 150% this year — posted strong quarterly results that […]
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Nvidia announces $50 billion stock buyback
CFOTO | Future Publishing | Getty Images Nvidia said Wednesday that its board of directors has approved a $50 billion stock buyback. The computer chip giant announced the share repurchase as part of its fiscal second quarter earnings, in which it reported earnings and guidance that surpassed Wall Street expectations. Nvidia returned $15.4 billion to […]
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OpenAI in talks to raise funding that would value it at more than $100 billion
In this photo illustration OpenAI icon is displayed on a mobile phone screen with the photo of Sam Altman, chief executive officer of OpenAI. Didem Mente | Anadolu | Getty Images OpenAI is in talks to raise a funding round that would value the artificial intelligence startup at more than $100 billion, CNBC has learned. […]
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