US EditionStocks Mixed as Investors Digest US GDP, Nvidia Earnings
Nvidia reported $26.4 billion profit on $46.7 billion revenue but lowered data center sales outlook due to stalled China business amid trade tensions, impacting chip stocks globally.
- S&P 500 futures fell 0.3% and Nasdaq 100 futures slipped nearly 0.5% this month as markets pulled back from record levels following Nvidia Corp.'s after-hours earnings decline.
- After markets closed Wednesday, Nvidia Corp. beat July quarter estimates with $26.4 billion profit on $46.7 billion revenue, but management highlighted stalled China sales and cautious data-centre guidance.
- Nvidia Corp.'s after-hours drop rippled through chip stocks as AMD , Taiwan Semiconductor , and Broadcom Inc. each fell 1%, pressuring the technology sector that accounts for nearly 30% of the S&P 500.
- Markets are pricing a higher probability of a Fed cut next month, with CME Group's FedWatch tool showing an 88.7% chance of a 25-basis-point reduction amid political uncertainty.
- Analysts cautioned that AI momentum may be cooling as Nvidia Corp.'s tepid outlook fuels fears of slowing AI spending, with Charu Chanana, chief investment strategist at Saxo in Singapore, saying `After such a strong run, investor exposure was stretched, leaving little margin for disappointment`.
58 Articles
58 Articles
The world's number one semiconductor Nvidia has again achieved record quarterly results, driven by the demand of tech giants for its artificial intelligence (AI) chips. The Californian group has seen its turnover and net profit jump by more than half over a year. Only black shadow on the table, the US restrictions on sales in China of microprocessors.
Washington Examiner
DailyTruthReportHow Nvidia secured another earnings win
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You earn almost 4.5 trillion dollars (3.8 trillion euros, more than twice Spain’s GDP), earn in a single quarter almost as much as all Spanish banks in their record year of 2024 and promise to spend more than 3 trillion dollars (more than the annual defense budget all over the planet) on new artificial intelligence infrastructures. Your name is Nvidia, you have broken all possible records of capitalization and business magnitudes in a few months…
Daily Journal
Asian markets mixed after Nvidia earnings
Asian markets were mixed Thursday after AI powerhouse Nvidia's quarterly earnings beat expectations, but its shares slipped over worries about the company's stalled business in China.
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