Nvidia’s Shares Fall as AI Chip Launch for China Delayed Nvidia’s shares took a hit on Friday as the company reportedly postponed the release of a new artificial intelligence chip designed for the Chinese market to comply with U.S. export restrictions. The stock was down around 2.4% in pre-market trade, amid a shortened trading day…
Stock Market Update: Important News for Investors Investors looking to start their trading day should take note of these important news items: 1. Market Rally Stalled After five consecutive winning days for the S&P 500 and the Nasdaq Composite, all three major indexes ended Tuesday lower, due to concerns about inflation and the Federal Reserve’s…
Stocks Experiencing Significant Pre-market Movement Investors and traders are closely monitoring the pre-market activity of several stocks as significant movements have been observed. The following stocks are currently experiencing the largest moves in pre-market trading: 1. Nvidia (NVDA): The stock of the multinational technology company is seeing a notable increase in pre-market trading. This uptick…
Stocks making headlines in midday trading include Clorox, Safety Shot, Deere, Caterpillar, Nordstrom, HP, Autodesk, Nvidia, Carnival, American Airlines, and United Airlines. Clorox saw a less than 1% increase following an upgrade from JPMorgan, while Safety Shot plummeted more than 30% after questioning of its alcohol detox drink. Deere shares dropped nearly 4% after issuing…
Nvidia Rocketed Revenue Earnings and Gross Margins in Third Quarter Fiscal 2024 Nvidia (NVDA) has once again exceeded sky-high expectations in its quarterly report, with revenue surging 206% year-over-year to $18.12 billion for the third quarter of fiscal 2024. This impressive performance beat analyst forecasts and reflects a 593% growth in adjusted earnings-per-share to $4.02….
Nvidia’s Stock Hits All-Time High on Eve of Earnings Report Shares of Nvidia soared to an all-time high on Monday, closing up 2.3% at a peak of over $503. The surge came just before the company’s fiscal third-quarter earnings release, where analysts are predicting a remarkable over 170% revenue growth. Furthermore, premonitions for the fiscal…
Stock Market Sees Carnage Due to U.S. Monetary Policy Shift The Federal Reserve’s abandonment of easy-money policies has led to a fight to squash inflation, marking a dramatic shift in U.S. monetary policy. Investors have had to adapt to this new reality, with stock prices seeing significant drops since January 2022. Notably, major U.S. equity…
Midday Trading Update: Zoom Video Communications, Paramount Global, and Microsoft Make Headlines In today’s midday trading update, several companies are making headlines with significant stock movements. Zoom Video Communications saw an increase of nearly 2% ahead of its third-quarter earnings release, with analysts expecting $1.08 per share in earnings and revenue of $1.12 billion. Paramount…
In 2023, the idea of diversifying your stock portfolio to minimize risk proved to be a disappointing strategy. A wide array of sectors such as financials, retailers, drugs, foods, utilities, autos, airlines, and oils saw steep declines if the timing of investments was not perfect. This reality challenges the classic investment rule of not putting…
Cisco shares plunged by as much as 13% in extended trading on Wednesday after the global tech giant cautioned on its future earnings. The networking hardware manufacturer released results for the fiscal first quarter, which ended on October 28, revealing earnings of $1.11 per share, adjusted, versus the expected $1.03 per share. Revenue of $14.67…
