Nvidia delivered strong second-quarter earnings on Wednesday — but that wasn’t enough to satiate the sky-high expectations of some on Wall Street. The company’s stock, which is known to fluctuate significantly in the wake of its earnings, was down more than 5% in after-hours trading after the company failed to meet the highest of analysts’ … Read more
Kohl’s (KSS) shares are moving higher in early trading, jumping by as much as 7% after the company beat Wall Street’s earnings expectations by $0.15 per share and raised its profit outlook. In Q2, the retailer doubled down on inventory management and expenses, leading to a 9% year-over-year decline in inventory. It plans to stay … Read more
Kohl’s (KSS) shares are moving higher in early trading, jumping as much as 7%, after the company beat Wall Street’s earnings expectations by 15 cents and raised its profit outlook. In Q2, the retailer doubled down on inventory management and expenses, leading to a 9% year-over-year decline in inventory. It plans to stay “committed to … Read more
(Bloomberg) — Global equities edged higher ahead of a key earnings release from Nvidia Corp., the $3 trillion stock at the forefront of the global artificial intelligence frenzy. Most Read from Bloomberg Seen as a barometer for AI spending across much of the technology industry, Nvidia is expected to project revenue growth of more than … Read more
(Bloomberg) — Markets are waiting with bated breath for Nvidia Corp.’s results, with US equity futures little changed and shares trading in tight ranges from Asia to Europe. Most Read from Bloomberg The world’s most influential stock is expected to set the tone for risk assets when it reports after the market close in the … Read more
LOS ANGELES (AP) — Nvidia has led the artificial intelligence boom to become one of the stock market’s biggest companies, as tech giants continue to spend heavily on the company’s chips and data centers needed to train and operate their AI systems. The company is now worth over $3 trillion, with its dominance as a … Read more
By Saqib Iqbal Ahmed NEW YORK (Reuters) – Traders in the U.S. equity options market are expecting Nvidia’s (NVDA) upcoming earnings report to spark a more than $300 billion swing in the shares of the world’s most dominant artificial intelligence chipmaker. Options pricing shows that traders anticipate a move of around 9.8% in the company’s … Read more
Consumer confidence rose more than expected in August despite consumers assessment of the labor market continuing to weaken. The latest index reading from the Conference Board was 103.3, above the 101.9 seen in July and higher than the 100.7 economists surveyed by Bloomberg had expected. “Overall consumer confidence rose in August but remained within the … Read more
Listen and subscribe to Opening Bid on Apple Podcasts, Spotify, or wherever you find your favorite podcasts. It still makes a lot of sense to own momentum stock darling Nvidia (NVDA). “If you don’t own Nvidia, you are literally missing out on a revolution,” Ross Gerber, co-founder of Gerber Kawasaki Wealth and Investment Management, told … Read more
US stocks were mixed in choppy trading on Monday as investors weighed the imminent arrival of interest-rate cuts and braced for a busy week dominated by Nvidia’s (NVDA) earnings report. The Dow Jones Industrial Average (^DJI) added as much as 200 points to reach a new intraday record high, before easing back to a 0.3% … Read more