Tech stocks rally, yields drop, ahead of Nvidia earnings: Stock market news today
Stocks rise as investors await results from chipmaker Nvidia, while retail stocks like Foot Locker and Peloton experience significant drops.
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Posted 8/23/2023, 8:03:11 PM
yahoo.com
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Nvidia's earnings will determine the future of the stock market, according to Eric Cuka, a stock market veteran, who provides analysis, price targets, and predictions in a video for The Motley Fool.
Nvidia shares reach an all-time high due to high expectations for its quarterly results, driven by its dominance in the booming artificial intelligence market.
Global stocks are set to rise for a third consecutive day as concerns over euro zone business contraction and chipmaker Nvidia's earnings fuel speculation of a pause in the European Central Bank's interest-rate hike campaign.
Stock indexes are modestly higher on strength in technology stocks, with Nvidia up more than +1% in pre-market trading, while a decline in bond yields is supportive for stocks; however, weakness in activewear apparel makers, following Foot Locker's -30% plunge, is limiting gains in the overall market.
Wall Street rises ahead of Nvidia's profit report, as investors anticipate whether the AI frenzy is justified and whether the chip maker can meet high expectations.
U.S. stocks rose sharply as investors anticipated strong quarterly results from Nvidia and looked ahead to the Jackson Hole conference, with tech stocks expected to rally further.
Nvidia stock rises ahead of quarterly earnings report as analysts expect strong results due to high demand for AI products and services.
Nvidia's strong earnings report has implications for other chip and AI stocks, leading to a potential rally attempt in the market, while Dow Jones and S&P 500 futures are mostly flat.
Nvidia's strong second-quarter earnings beat expectations, propelling stock futures higher and indicating continued investor interest in artificial intelligence.
Stocks, including Foot Locker, Peloton, AMC, Nvidia, Abercrombie, and Apellis, are experiencing significant movement as Wall Street anticipates Nvidia's earnings.
Stocks surged as optimism built ahead of Nvidia's earnings report, despite disappointing economic data and mixed retail earnings, with Foot Locker's share price sliding and Abercrombie & Fitch beating expectations. Nvidia reported strong earnings, with revenue doubling, and investors are particularly interested in the company's comments on meeting the demand for AI chips and the future of the AI space.
Nvidia's stock is surging as its stellar earnings alleviate concerns about supply constraints and the role of Chinese customers in driving demand.
Nasdaq futures rally as Nvidia Corp.'s strong sales forecast and the ongoing hype around artificial intelligence boost tech stocks, with Nvidia's shares rising 7.9% in premarket trading and contracts on the Nasdaq 100 and S&P 500 signaling further gains for stocks.
Nvidia's stock rose 5% after the company reported better-than-expected earnings, strong guidance for the upcoming quarter, and increased demand for its datacenter products.
Stocks fell on Thursday as strong earnings from Nvidia were overshadowed by comments from the Federal Reserve signaling that interest rates will remain elevated for a long time to combat inflation.
Bitcoin and other cryptocurrencies are on the rise, driven by an optimistic market sentiment and positive earnings from Nvidia.
Chip stocks, including Nvidia, experienced a selloff in the technology sector despite Nvidia's strong performance, leading to concerns that spending on AI hardware may be affecting traditional chip companies like Intel.
Nvidia's strong growth potential and their ability to adapt to a slowing economy make them a key player in the stock market.
Nvidia plans to buy back billions of dollars in stock, signaling a potential trend that could boost the stock market.
Stocks rise at the beginning of the week after last week's selling, with markets relieved by the 10-year yield remaining at around 4.3%, while anticipating Federal Reserve Chairman Jerome Powell's speech on Friday for insight on short-term interest rates and inflation control.
Stock futures rise as investors await economic data and the monthly jobs report, while tech companies Instacart, Klaviyo, and Arm file for IPOs, China Evergrande Group's shares plummet, and meme stock Bed Bath & Beyond continues to trade despite bankruptcy.
Stocks rise as markets shift focus from the Federal Reserve to corporate and economic reports, with the S&P 500 and Dow Jones Industrial Average both experiencing gains, while investors await upcoming economic data and inflation updates.
China stocks rise as investors welcome Beijing's efforts to support the market, while bonds rally and the dollar dips on possibly softening U.S. data.
Chip giant Nvidia's stock has been upgraded to a 'Buy' and its price target drastically raised by Philip Securities analyst Paul Chew, who attributes the upgrade to the company's performance and market monopoly in GPUs.
Nvidia's stock slips after reaching a record high, but analysts suggest that the chip maker may still be a bargain.
Investors get excited about stock splits, which indicate a good business, and stocks like Nvidia and Alphabet are predicted to have substantial upside potential according to Wall Street analysts.
Stock futures rise as investors close out a month of losses for the three major stock indexes, with positive earnings reports from MongoDB and Dell Technologies boosting sentiment.
The article provides an update on the stocks that are currently experiencing significant movement, including Dell, Broadcom, Tesla, Apple, Nutanix, MongoDB, PagerDuty, and more.
Nvidia's market cap rose in August due to strong profit forecasts, while other tech giants like Apple and Microsoft saw declines, and Berkshire Hathaway and Tencent had mixed performances.
Dell Technologies' stock rises after positive earnings update, with analysts highlighting three drivers for optimism.
Stocks in Asia rose as investors were encouraged by a report indicating a cooling US jobs market, potentially leading to a slowdown in the Federal Reserve's campaign to raise interest rates and slow the economy.
Advanced Micro Devices (AMD) stock is rising as investors recognize its potential in the artificial intelligence (AI) hardware market, making it a strong competitor to Nvidia, especially with the launch of its M1300X AI chip in the third quarter of 2023.
Semiconductor stocks, particularly Nvidia, have outperformed the market due to the high demand for chips in AI applications, making Nvidia the better AI stock to buy compared to Intel.
Stocks rose on Friday as the Nasdaq rebounded from Apple's recent slide, fueled by speculation that the Federal Reserve may not raise interest rates in September, while concerns about rising energy prices and Apple's market value decline continue to linger.
U.S. stock futures rise as investors await key inflation data and economic indicators ahead of the Federal Reserve's decision on interest rates, while positive economic news from China boosts global risk sentiment.
Tesla stock is expected to rise as the automaker expands its artificial intelligence efforts and receives a bullish report from Morgan Stanley, despite competition and potential investigations.
Wall Street stocks rose on Thursday as investors analyzed strong retail sales and wholesale price inflation data to gauge the Federal Reserve's stance on interest rates.
Stocks rise as reports suggest the US economy is strong, but inflation remains a concern.
Stocks climb as investors digest positive retail sales and producer prices data, with the Dow Jones Industrial Average up 0.7% and the S&P 500 and Nasdaq Composite both up 0.7% and 0.8% respectively.
Nvidia's stock has seen a 200% gain this year, highlighting the lucrative potential of the artificial intelligence trade.
Stocks slip as investors await the Federal Reserve's policy meeting and the start of Instacart's IPO trading, with focus on interest rates and inflation.
Stock futures rise slightly as certain stocks, including Ford, Activision, Alibaba, U.S. Steel, and Scholastic, show significant movement.
Nvidia stock has experienced a pullback along with other chip makers, but analysts remain positive and predict a significant upside potential for the company, particularly in the AI space, with an average 12-month price target implying a 55.14% increase.