The U.S. Department of Commerce announced on Tuesday its plans to block the sale of advanced artificial intelligence chips to China in the upcoming weeks. This move aims to close loopholes that emerged after last year’s restrictions on AI chip exports came into effect. The news of the new rules caused chip stocks to decline …
Boston Scientific Corp. Chitose Suzuki Discover the top-performing companies in midday trading. RPT Realty — Shares of RPT Realty jumped 19% following the announcement that Kimco Realty will acquire the real estate investment trust in a $2 billion all-stock deal. Kimco CEO Conor Flynn stated that approximately 70% of RPT’s portfolio aligns with their key …
Marvell Technology Group Source: marvell.com Explore the companies making headlines before the market opens. Marvell Technology— Despite beating Wall Street’s expectations for the recent quarter, shares of Marvell Technology fell over 3% in pre-market trading. Marvell reported earnings of 33 cents per share, excluding items, on $1.34 billion in revenue. Analysts surveyed by Refinitiv had …
At the Westfield San Francisco Centre in San Francisco, shoppers casually stroll by a Nordstrom sign on May 11, 2023. Nordstrom, the department store retailer, experienced a decline in stock prices by 7.73% despite surpassing expectations for their fiscal second-quarter earnings and revenue. Their earnings were 40 cents higher than the predicted 44 cents by …
Discover the latest news from leading companies in after-hours trading on Thursday. March 15, 2023 – Customers walking through a shopping mall along the Magnificent Mile in Chicago. Scott Olson | Getty Images Affirm Holdings – The stock rose by 10.8% after surpassing expectations with its quarterly results. Affirm reported a loss of 69 cents …
Nvidia’s A100 GPU, which is utilized for training ChatGPT and other generative AI models, was showcased at Nvidia’s headquarters in Santa Clara, California, on February 9, 2023. Katie Tarasov Explore the latest market news during midday trading. Nvidia — The stock of this chipmaker reached a record high by surging over 1% following its impressive …
Jen-Hsun Huang, CEO, Nvidia David Paul Morris | Bloomberg | Getty Images Discover the companies making premarket waves in the news. Nvidia — The chipmaker experienced a 7% surge following its exceptional quarterly report that surpassed Wall Street’s expectations. Nvidia also provided optimistic guidance, projecting a 170% sales increase in the current period due to …
Nvidia headquarters in Santa Clara, California, June 5, 2023. Marlena Sloss | Bloomberg | Getty Images Check out the companies making headlines in extended trading. Splunk — Shares surged by 11% following an impressive earnings beat. Splunk exceeded expectations by earning 71 cents per share on $889 million in revenue, surpassing the predicted 46 cents …
Nvidia, the chipmaker headquartered in Santa Clara, California, saw a 1.8% increase in its stock before the release of its quarterly report. The company has been performing exceptionally well due to the growing demand for AI technology, with its shares rising by a staggering 220% this year. Meanwhile, Peloton, the fitness company, experienced a significant …
An exterior view of the Nvidia headquarters in Santa Clara, California, May 30, 2023. Justin Sullivan | Getty Images Explore the latest market movers during midday trading. Palo Alto Networks soared by 15.2% as the security software provider surpassed earnings expectations in their latest report. Goldman Sachs reconfirmed the stock as a buy after the …