Stock Market Today: Nvidia Drags Down Nasdaq Futures—Dollar General, Dell, Best Buy In Focus - SPDR S&P 500 (ARCA:SPY)
Nvidia's data center revenue rose 56% year over year to $41.1 billion but missed estimates, causing shares to drop 1.55% despite strong overall earnings.
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Stock Market Today: Nvidia Slips Despite Strong Earnings and Guidance @themotleyfool #stocks $NVDA $^GSPC $INTC $^IXIC $AMD
Nvidia (NASDAQ: NVDA) closed at $180.12, down 0.82%. Trading volume surged to 278 million shares, well above the 178 million three-month average. The chipmaker, valued at $4.4 trillion, traded as high as $184.47 intraday, just shy of its 52-week peak of $184.48. Broader markets moved higher. The S&P 500 (SNPINDEX: ^GSPC) gained 20.46 points, or 0.3%, to 6,501.86, while the Nasdaq Composite (NASDAQINDEX: ^IXIC) advanced 115.02 points, or 0.5%, to…
Stock Market Today: Nvidia Drags Down Nasdaq Futures—Dollar General, Dell, Best Buy In Focus - SPDR S&P 500 (ARCA:SPY)
U.S. stock futures were swinging on Thursday following Wednesday's advances. Futures of major benchmark indices were largely mixed. Nvidia Corp. (NASDAQ:NVDA) dropped in the premarket, despite a better-than-expected second-quarter result reported on Wednesday after market close. The stock decline was most likely fueled by: No guidance on any H20 shipments to China; Weaker than expected data center revenue; or Market makers running "mean reversi…
After earnings sell-off, Nvidia stock regains $180
Despite sinking as much as 5.8% when it released its fiscal second-quarter results late Wednesday, Nvidia's (NVDA) share price has been recovering steadily on Thursday. After lunchtime in New York, NVDA stock made its way from an intraday low of $176.41 in the morning to above $180 by mid-afternoon.
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