After a particularly challenging year for semiconductor stocks, Marvell Technology and three other chip companies look like buys to analysts at Rosenblatt. Stocks in the sector fell hard last year as demand for chips weakened but supplies remained high. The iShares Semiconductor (ticker: SOXX) exchange-traded fund, which tracks the performance of an index composed of … Read more
JasonDoiy Earnings reports from tech stalwarts such as Cisco Systems (NASDAQ:CSCO), Nvidia (NASDAQ:NVDA) and Chinese Internet leader Alibaba (NYSE:BABA) led much of the week’s activity in the tech sector heading toward the upcoming Thanksgiving holiday in the U.S. However…If you thought the circus involving Elon Musk and Twitter (TWTR) had finally left town, well, you … Read more
Nvidia Corp., which said yesterday that quarterly sales slumped, exemplifies the cyclical nature of the semiconductor industry despite the company’s inroads into fast-growing markets. Still, many chip makers are bucking the trend by posting high double-digit increases in sales while improving profit margins. A list of those companies is featured below. Nvidia NVDA reported a … Read more
Dow Jones futures dropped 375 points Thursday morning after early releases of first-time jobless claims, housing data and the Philadelphia Fed manufacturing index. Nvidia earnings missed estimates, as NVDA shares fell more than 1%. X The Labor Department’s initial unemployment claims fell to 222,000 vs. 225,000 in the previous week, meeting estimates. Housing starts and … Read more
Nvidia Corp.’s financial results had a bit of a surprise for investors, and not on the good side — product inventories doubled to a record high as the chip company gears up for a questionable holiday season. Nvidia reported fiscal third-quarter revenue that was slightly better than analysts’ reduced expectations Wednesday, but the numbers weren’t … Read more
Cisco (CSCO): Shares rose in extended trading after the company reported solid quarterly sales and raised its full-year guidance. Cisco now sees revenue growth of 4.5% to 6.5%, up from its prior forecast of 4% to 6%. “Our fiscal 2023 is off to a good start as we delivered the largest quarterly revenue and second … Read more
Nvidia Corp. shares ticked higher in the extended session Wednesday after the chip maker’s modified servers to China mostly made up for an expected $400 million exposure to a U.S. ban on certain tech sales. Nvidia NVDA, -4.54% shares rose 2% after hours, following a 4.5% decline in the regular session to close at $159.10. … Read more
Graphics chip giant Nvidia (NVDA) announced its Q3 earnings after the closing bell on Wednesday, beating analysts’ expectations on revenue, but falling short on earnings per share. Here are the most important numbers from the report, compared to what Wall Street was looking for, as compiled by Bloomberg. Revenue: $5.93 billion versus $5.79 billion expected … Read more
After a series of outlook cuts, Nvidia business may no longer be in free fall. Investors will get an important update after the close Wednesday when the company posts its latest numbers and outlook. Source link
Dow Jones futures fell slightly overnight, along with S&P 500 futures and Nasdaq futures. A strong stock market rally Tuesday morning faded, briefly turning mixed after Russian missiles reportedly hit Poland. X Target (TGT) headlines Wednesday morning earnings, while chip giant Nvidia (NVDA) looms large Wednesday night. The stock market rallied Tuesday morning on yet … Read more