Markets
Nvidia shares down 3% in premarket trade despite market-beating earnings
A binary code is displayed on a laptop screen in the background, while the Nvidia logo is showcased on a phone on April 28, 2024. Nurphoto | Nurphoto | Getty Images Nvidia shares dipped in U.S. premarket trade on Thursday, as the company’s fiscal second-quarter gross margin dipped slightly, and its revenue beat was eclipsed […]
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CNBC Daily Open: Nvidia beating expectations isn’t enough
The Nvidia logo at Computex in Taipei, Taiwan, on June 5, 2024. Ann Wang | Reuters This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribe here. What […]
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China’s electric car race is becoming more about chip prowess as companies focus on tech
Key Points Price wars aside, Chinese electric car companies are now competing on driver-assist and other tech powered by semiconductors. “It’s hard to point to your product being superior when your competitors use the exact same silicon to power their infotainment and intelligent driving systems,” said Tu Le, founder of consulting firm Sino Auto Insights. […]
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Biden and Xi to speak after rare U.S. security adviser trip to China
Key Points U.S. President Joe Biden and Chinese President Xi Jinping are set to speak over the phone in “coming weeks,” the White House said Wednesday. The announcement came amid U.S. national security adviser Jake Sullivan’s trip to Beijing this week to meet with Wang Yi, China’s top diplomat. The last official trip to China […]
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CNBC Daily Open: Nvidia beat expectations – as expected?
Nvidia’s headquarters in Silicon Valley. Andrej Sokolow | Picture Alliance | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribe here. What you need to […]
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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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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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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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Stocks making the biggest moves midday: Super Micro Computer, Berkshire Hathaway, Abercrombie & Fitch and more
Check out the companies making headlines in midday trading: Super Micro Computer — Shares shed 26% after the artificial intelligence server company said it would postpone filing its annual 10-K form for the fiscal year that ended June 30. Super Micro Computer said its management requires more time to “complete its assessment of the design […]
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