Chipmaker Nvidia’s earnings for the second quarter of fiscal 2025 comfortably beat the analysts’ estimates. However, the market didn’t react in the expected way, with the company’s shares trading 7% down after hours of trading. Nvidia’s Q2 results featured 68 cents in adjusted earnings per share and revenue of $30.04...
Stocks of notable chipmakers Nvidia and Advanced Micro Devices (AMD) have plunged in recent weeks after reaching their all-time highs earlier this year. According to analysts from investment bank Piper Sandler, this offers a “tremendous opportunity” for investors to add chip stocks to their portfolios. Piper Sandler analysts remain bullish...
Warren Buffett’s conglomerate Berkshire Hathaway continues to shed its Bank of America stock holdings. According to a regulatory filing made early this week, Berkshire sold 18.3 million BofA shares worth roughly $766 million. Berkshire started unloading its BofA shares in mid-July, selling a total of 71.2 million shares and netting...
Stocks on the New York Stock Exchange opened lower on Wednesday after the corporate earnings season got off to a disappointing start. The benchmark S&P 500 slumped by 1.4%, while the tech-heavy Nasdaq Composite index plummeted 2.1% lower. The Dow Jones Industrial Average slipped 0.9% lower. Google holding company Alphabet...
U.S. stock had a mixed day on Wednesday, with tech-heavy Nasdaq Composite having its worst performance since 2022, the benchmark S&P 500 falling by 1.4%, and blue chip Dow Jones Industrial Average setting another record. Tech stock fell sharply on concerns that chip exports to China will come under even...
Tech giant Apple briefly became the world’s most valuable company following a stock surge on Wednesday. Apple’s market cap reached $3.33 trillion, surpassing Microsoft’s $3.26 trillion market capitalization. However, by the time the trading closed, Microsoft emerged on top once. Apple's shares have been rising in recent days amid the...
The U.S. stock market had a record session on Wednesday, with S&P 500, Nasdaq, and Dow Jones closing at all-time highs. The big day was prompted by a promising customer price index report, which showed signs of cooling inflation and was perceived by investors as an indicator of incoming...
Rental platform Airbnb reported its quarterly earnings after the bell on Wednesday, which topped the estimations of analysts. Still, the company offered a weaker-than-expected forecast for the second quarter, which sent its stock down almost 8% in after-hours trading. Thanks to a “robust demand for travel,” Airbnb posted $2.14 billion...
Futures on the Dow Jones Industrial Average rose 0.6%, ending a streak of six consecutive sessions of losses, while those on the S&P 500 and Nasdaq Composite remained relatively unchanged. This comes as investors digest the latest earnings of banks such as Bank of America as well as renewed...
The Consumer Price Index (CPI) for March is set to be released on Wednesday, followed by Thursday's Producer Price Index. The CPI is expected to shape the Federal Reserve's monetary policy, including when it will begin to implement interest rate cuts. According to Wall Street estimates, March's CPI...