FINWIRES · TerminalLIVE
FINWIRES
Nvidia

Nvidia

$NVDA
NASDAQSemiconductors

617 stories mentioning NvidiaUpdated 58m ago

Rallied as tech and semiconductor stocks jumped, with the Philadelphia Semiconductor Index climbing 5.4% amid the broad market rally.

What's the latest news on Nvidia?

Commodities

Exchange-Traded Funds Higher, Equity Futures Mixed Pre-Bell Tuesday Amid Stalled US-Iran Talks

The broad market exchange-traded fund SPDR S&P 500 ETF Trust (SPY) was up 0.2% and the actively traded Invesco QQQ Trust (QQQ) was 0.4% higher in Tuesday's premarket activity as stalled US-Iran talks weigh on investors.US stock futures were mixed, with S&P 500 Index futures up 0.1%, Dow Jones Industrial Average futures slipping 0.03%, and Nasdaq futures gaining 0.3% before the start of regular trading.The National Federation of Independent Business' monthly Small Business Optimism Index rose to a reading of 99.8 in July from 97.4 in June but was below a reading of 100.3 a year earlier.The existing home sales data for July will be released at 10 am ET.In premarket action, bitcoin was up by 0.7%. Among cryptocurrency ETFs, the cryptocurrency fund ProShares Bitcoin Strategy ETF (BITO) was 0.8% higher, Ether ETF (EETH) advanced 0.9%, and Bitcoin & Ether Market Cap Weight ETF (BETH) gained 0.5%.Power Play:ConsumerThe State Street Consumer Staples Select Sector SPDR ETF (XLP) was down 0.02%, the Vanguard Consumer Staples Index Fund ETF Shares (VDC) was 0.7% lower, and the iShares US Consumer Staples ETF (IYK) was inactive. The State Street Consumer Discretionary Select Sector SPDR ETF (XLY) lost 0.02%. The VanEck Retail ETF (RTH) and the State Street SPDR S&P Retail ETF (XRT) were inactive.Upwork (UPWK) shares were down more than 18% pre-bell after the company posted Q3 and 2026 guidance that trailed analyst estimates.Winners and Losers:FinancialThe State Street Financial Select Sector SPDR ETF (XLF) advanced 0.03%. Direxion Daily Financial Bull 3X Shares (FAS) was down 0.01%, while its bearish counterpart, Direxion Daily Financial Bear 3X Shares (FAZ), was 0.03% lower.Riot Platforms (RIOT) shares were up 16%, a day after that company said that it signed a computing agreement expected to generate $9.10 billion in revenue over the initial 20-year term and includes two five-year extension options that could bring total contract value to $16.10 billion.IndustrialThe State Street Industrial Select Sector SPDR ETF (XLI) advanced 0.3%, the Vanguard Industrials Index Fund (VIS) was flat, and the iShares US Industrials ETF (IYJ) was inactive.Plug Power (PLUG) stock was up more than 14% before the opening bell after the company reported a narrowed Q2 adjusted net loss and higher revenue.Health CareThe State Street Health Care Select Sector SPDR ETF (XLV) retreated 0.01%, the Vanguard Health Care Index Fund (VHT) gained 0.01%, while the iShares US Healthcare ETF (IYH) was inactive. The iShares Biotechnology ETF (IBB) was 0.4% lower.Legend Biotech (LEGN) stock was up more than 4% premarket after the company reported forecast-beating Q2 earnings and revenue.EnergyThe iShares US Energy ETF (IYE) was up 0.1%, while the State Street Energy Select Sector SPDR ETF (XLE) was down by 0.2%.HighPeak Energy (HPK) stock was up more than 4% after the company reported higher Q2 earnings and revenue late Monday.TechnologyThe State Street Technology Select Sector SPDR ETF (XLK) advanced 0.6%, the iShares US Technology ETF (IYW) was flat, and the iShares Expanded Tech Sector ETF (IGM) was down 0.03%. Among semiconductor ETFs, the State Street SPDR S&P Semiconductor ETF (XSD) was 2.4% higher, while the iShares Semiconductor ETF (SOXX) rose by 1.4%.Nvidia (NVDA) shares were 1% higher pre-bell after the chipmaker said it partnered with six major financial institutions to raise $500 billion in third-party capital for the development of artificial intelligence infrastructure.CommoditiesFront-month US West Texas Intermediate crude oil advanced by 0.4% to $82.43 per barrel on the New York Mercantile Exchange. Natural gas was 0.04% lower at $2.79 per 1 million British Thermal Units. The United States Oil Fund (USO) increased by 0.1%, while the United States Natural Gas Fund (UNG) was 1% higher.Gold futures for November gained by 0.7% to reach $4,451.70 an ounce on the Comex. Silver futures retreated 0.2% to $65.18 an ounce. SPDR Gold Shares (GLD) was up by 0.2%, and the iShares Silver Trust (SLV) was 1.1% higher.

Dow JonesNasdaq CompositeS&P 500$BETH$BITO$EEM$EETH$EXI$FAS$FAZ$GLD$HPK$IBB$IGM$IGV$IPK$IVV$IWM$IYE$IYH$IYJ$IYK$IYW$LEGN$NVDA$PLUG$PMR$QQQ$RIOT$RTH$SLV$SOXX$SPY$UNG$UPWK$USO$VDC$VHT$VIS$XLE$XLF$XLI$XLK$XLP$XLV$XLY$XRT$XSD
Asia Markets

Update: US Equity Futures Mostly Flat Pre-Bell as US-Iran Stalemate Persists

(Updates with economic data, recent oil price movement, world markets' overview and corporate stock movements.)US equity futures were mostly flat pre-bell Tuesday as the US and Iran remained at a stalemate regarding negotiations to reopen the Strait of Hormuz.Dow Jones Industrial Average futures were 0.1% higher, S&P 500 futures were up 0.2%, and Nasdaq futures were 0.3% higher.In response to Iran's conditions for reopening the waterway, US President Donald Trump said Monday that the Middle Eastern nation should pay reparations of its own for damage done over the past 50 years. "If there's damages to be paid, I think Iran should pay those damages," multiple reports quoted Trump as saying.Iranian Foreign Minister Abbas Araghchi had earlier said that reopening the strait would be partly conditional on the US paying for damage caused during the conflict between the two countries.Traders took note of the latest round of earnings, with Sea (SE) posting higher Q2 earnings and revenue.Oil prices were higher, with front-month global benchmark North Sea Brent crude up 0.2% at $87.93 per barrel and US West Texas Intermediate crude 0.4% higher at $82.48 per barrel.The existing home sales report, scheduled for release at 10 am ET, is expected to show a decrease of 1% for July after a 2.4% fall in the prior month.In other world markets, Hong Kong's Hang Seng ended 1.1% lower and China's Shanghai Composite finished 0.8% lower, while Japan's Nikkei was closed for a public holiday. Meanwhile, the UK's FTSE 100 was 0.1% higher, and Germany's DAX index was 0.2% higher in Europe's early afternoon session.In equities, Sea stock was up more than 10% after the company reported its Q2 financial results. Nvidia (NVDA) shares rose 1.6% after the chipmaker said it partnered with six major financial institutions to raise more than $500 billion in third-party capital for the development of artificial intelligence infrastructure. SK Hynix (SKHY) stock was 2.1% higher after a Seoul Economic Daily report that the company plans to resume construction at its second NAND flash facility in Dalian, China, to boost local output by about 50%.On the losing side, Rocket Lab's (RKLB) shares fell 3.7% after the company's Q2 loss narrowed less than analysts' consensus. Hims & Hers Health (HIMS) was down 6.9% after the company reported late Monday it swung to a Q2 loss.

Dow JonesNasdaq CompositeS&P 500$HIMS$NVDA$RKLB$SE$SKHY
Stocks Mostly Up Pre-Bell as Investors Assess Uncertainty Over US-Iran Deal
US Markets

Stocks Mostly Up Pre-Bell as Investors Assess Uncertainty Over US-Iran Deal

US equity markets were mostly trending higher before the open Tuesday as investors weigh fading optimism that the US and Iran would reach a quick resolution to their conflict and reopen the Strait of Hormuz.The S&P 500 edged up 0.1% and the Nasdaq added 0.3% in premarket activity, while the Dow Jones Industrial Average was slightly in the red. The indexes closed Monday's trading session lower.In a social media post Monday, President Donald Trump demanded compensation from Iran for casualties caused by its conflicts, attacks and suppression of protests."I see that representatives of the Islamic Republic of Iran are asking for compensation for the damage done to them during the last five month military conflict," according to Trump. "I am likewise demanding compensation from Iran, for all of the people that they have killed and gravely wounded with their roadside bombs and many conflicts, for which they are famous, as led initially by General Soleimani."Iranian Foreign Minister Abbas Araghchi recently said there was no possibility of restarting negotiations with the US over a peace deal until it stops violating the memorandum of understanding signed between the two countries in June and compensates Tehran for those breaches, according to Iran-based Tasnim News Agency.Trump recently indicated to the media that he's prepared to exert greater economic pressure on Iran instead of launching another military attack.West Texas Intermediate crude oil increased 2% to $83.77 a barrel before the opening bell, while Brent advanced 1.8% to $89.30."Oil prices remain supported by uncertainty surrounding the Strait of Hormuz," ING Bank said in a report Monday. "Significant hurdles remain before any broader agreement is reached."US Treasury yields were moving higher in premarket action, with the two-year rate rising 1.4 basis points to 4.25% and the 10-year rate gaining 2.7 basis points to 4.73%.Shares of Nvidia (NVDA) inclined 1% pre-bell after the tech bellwether said it has partnered with six of Wall Street's largest financial institutions to raise more than $500 billion in third-party capital for the development of artificial intelligence infrastructure across its ecosystem.Hims & Hers Health (HIMS) dropped 6.2% after the company reported a wider-than-expected second-quarter loss. Trump Media & Technology (DJT) decreased 0.9% following an 8% decline at the close of Monday as it announced its latest quarterly earnings.Sea (SE), Cardinal Health (CAH), Elbit Systems (ESLT), On Holding (ONON), Tencent Music Entertainment (TME), and Smithfield Foods (SFD) are scheduled to release their latest financial results before the bell, among others. Lumentum (LITE), CoreWeave (CRWV) and Super Micro Computer (SMCI) report their earnings after the markets close.Tuesday's economic calendar has the existing home sales report for July at 10 am ET. The National Federation of Independent Business small business optimism index posted a 2.4-point increase for July to 99.8.Gold rose 0.4% to $4,438 per troy ounce, while bitcoin traded up 0.4% at $64,180.

Dow JonesNasdaq CompositeS&P 500$ARMK$CAH$CRWV$DJT$ESLT$HIMS$LITE$NVDA$ONON$SE$SFD$SMCI$TME
Nvidia Partners With Major Financial Firms to Raise Over $500 Billion for AI Infrastructure
US Markets

Nvidia Partners With Major Financial Firms to Raise Over $500 Billion for AI Infrastructure

Nvidia (NVDA) shares rose early Tuesday after the chipmaker said it partnered with six major financial institutions to raise more than $500 billion in third-party capital for the development of artificial intelligence infrastructure.The tech bellwether signed memorandums of understanding with Apollo (APO), BlackRock (BLK), Blackstone (BX), Brookfield (BN), Goldman Sachs (GS) and KKR (KKR) to establish independent compute financing platforms, it said late Monday.Nvidia's stock increased 1.2% in the most recent premarket activity.Nvidia said it intends to work with the six companies to create dedicated pools of capital at "significant scale" to finance the buildout of AI infrastructure across its frontier AI labs, enterprises and AI clouds. The financing platforms will help turn compute and full-stack AI infrastructure into an investable asset class and support long-duration, usage-linked revenue, the chipmaker added.The financial terms of the partnerships, which are subject to final agreements, weren't disclosed."We are bringing the world's leading long-term capital providers together to independently underwrite AI infrastructure," Nvidia Chief Executive Jensen Huang said in a statement. "These financing platforms will help customers access scarce compute at scale and build the DSX AI factories that will power every industry and country in the age of AI."Nvidia said demand for AI infrastructure is accelerating as governments and businesses ramp up investment in AI."Modern compute has emerged as a scarce, mission-critical asset class with compelling investment characteristics that is positioned to drive significant long-term economic growth and productivity gains," Apollo President Jim Zelter said.Last month, Nvidia agreed to expand its partnership with South Korean conglomerate SK Group with a more than $500 billion AI infrastructure initiative.Technology giants are raising capital to support AI buildouts. Intel (INTC) on Monday said it plans to raise $15 billion from a common stock offering to support capital expenditures as demand for artificial intelligence computing remains strong. The chipmaker on Tuesday upsized the offering to $20 billion.In an emailed client note on Monday, BofA Securities said it expects Nvidia to deliver a fiscal second-quarter revenue beat and issue upbeat guidance amid Vera Rubin shipments and "solid" cloud capital expenditure trends. The company is scheduled to release its latest financial results later this month.

$APO$BLK$BN$BX$GS$KKR$NVDA
Japan

Update: US Equity Markets End Lower After Crude Oil Prices Rise Following US-Iran Disagreements

US equity indexes ended lower Monday after crude oil prices rose following President Donald Trump's rhetorical response to Iran's demands, dimming hopes of a quick resolution to the Strait of Hormuz closure.* Iran said it is nearing a final agreement with Oman to define new shipping lanes through the Strait of Hormuz, but reiterated that the US must meet other conditions like compensation, an end to sanctions, and military threats before the waterway can be reopened, Reuters reported.* In response, "I am likewise demanding compensation from Iran, for all of the people that they have killed and gravely wounded with their roadside bombs and many conflicts, for which they are famous..." President Donald Trump said in a Truth Social post.* September West Texas Intermediate crude oil rose $3.88 to settle at $82.06 per barrel, while September Brent crude, the global benchmark, was last seen up $4.03 at $87.58.* Blackstone's (BX) portfolio firm Safe Harbor has agreed to acquire MarineMax (HZO) for $53 per share in cash, valuing the recreational boat retailer at about $1.5 billion, including debt, the companies said Monday. Blackstone shares were up 3.3%, while MarineMax stock gained roughly 46%.* Nvidia (NVDA) shares were down about 2.9%, the worst performer on the Dow, after the company said it is working with some of the world's largest financial firms to build a $500 billion funding package for AI infrastructure development, the Financial Times reported.

Dow JonesNasdaq CompositeS&P 500$BX$HZO$NVDA
Japan

US Equity Markets End Lower After Crude Oil Prices Rise Following US-Iran Disagreements

US equity indexes ended lower Monday after crude oil prices rose following President Donald Trump's rhetorical response to Iran's demands, dimming hopes of a quick resolution to the Strait of Hormuz closure.* Iran said it is nearing a final agreement with Oman to define new shipping lanes through the Strait of Hormuz, but reiterated that the US must meet other conditions like compensation, an end to sanctions, and military threats before the waterway can be reopened, Reuters reported.* In response, "I am likewise demanding compensation from Iran, for all of the people that they have killed and gravely wounded with their roadside bombs and many conflicts, for which they are famous..." President Donald Trump said in a Truth Social post.* September West Texas Intermediate crude oil rose $3.88 to settle at $82.06 per barrel, while September Brent crude, the global benchmark, was last seen up $4.03 at $87.58.* Blackstone's (BX) portfolio firm Safe Harbor has agreed to acquire MarineMax (HZO) for $53 per share in cash, valuing the recreational boat retailer at about $1.5 billion, including debt, the companies said Monday. Blackstone shares were up 3.3%, while MarineMax stock gained roughly 46%.* Nvidia (NVDA) shares were down about 2.9%, the worst performer on the Dow, after the company said it is working with some of the world's largest financial firms to build a $500 billion funding package for AI infrastructure development, the Financial Times reported.

Dow JonesNasdaq CompositeS&P 500$BX$HZO$NVDA
Sectors

Sector Update: Tech Stocks Decline Late Afternoon

Tech stocks were lower late Monday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) decreasing 0.2% and the State Street SPDR S&P Semiconductor ETF (XSD) falling 2.3%.The Philadelphia Semiconductor index was shedding 1.7%.In corporate news, Microsoft (MSFT) intends to greatly increase production of its internally designed AI chips next year and hopes to persuade Anthropic and other large cloud customers to use them, The Information reported. Microsoft shares were up 1.1%.Intel (INTC) said Monday it is offering $15 billion of common stock in a public offering, the proceeds of which will go toward general corporate purposes. Intel shares were down 3.4%.Nvidia (NVDA) is working with some of the world's largest financial firms to build a $500 billion funding package for AI infrastructure development, the Financial Times reported. Nvidia shares were shedding 2.4%.A US appeals court on Monday rejected a bid by Meta Platforms (META), Alphabet's (GOOGL) Google and ByteDance's TikTok to reverse a lower-court's ruling that forces them to face roughly 2,400 lawsuits, according to media reports. Meta shares were up 0.3%, and Alphabet added 0.4%.

$GOOGL$INTC$META$MSFT$NVDA
Sectors

Sector Update: Tech Stocks Decline Monday Afternoon

Tech stocks were lower Monday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) decreasing 0.3% and the State Street SPDR S&P Semiconductor ETF (XSD) falling 2.4%.The Philadelphia Semiconductor index was shedding 2%.In corporate news, Intel (INTC) said Monday it is offering $15 billion of common stock in a public offering, the proceeds of which will go toward general corporate purposes. Intel shares were down 2.8%.Nvidia (NVDA) is working with some of the world's largest financial firms to build a $500 billion funding package for AI infrastructure development, the Financial Times reported. Nvidia shares were shedding 2.4%.A US appeals court on Monday rejected a bid by Meta Platforms (META), Alphabet's (GOOGL) Google and ByteDance's TikTok to reverse a lower-court's ruling that forces them to face roughly 2,400 lawsuits, according to media reports. Meta shares were up 0.3%, and Alphabet added 0.2%.Archer Aviation (ACHR) shares shares jumped past 7% after agreeing to buy Boeing's (BA) Wisk Aero, SkyGrid and Insitu units in exchange for a nearly 20% stake in the air taxi maker.

$ACHR$GOOGL$INTC$META$NVDA
Nvidia Poised for Second-Quarter Sales Beat, Upbeat Guidance, BofA Says
US Markets

Nvidia Poised for Second-Quarter Sales Beat, Upbeat Guidance, BofA Says

Nvidia (NVDA) is likely to deliver a fiscal second-quarter revenue beat and issue an upbeat guidance amid Vera Rubin shipments and "solid" cloud capital expenditure trends, BofA Securities said in a note e-mailed Monday.The chipmaking giant is expected outperform sales expectations by $3 billion to $4 billion for its second quarter. In May, Nvidia said it anticipated revenue of $91 billion, plus or minus 2% for the quarter, while the current consensus on FactSet is for $91.91 billion.For the ongoing three-month period, BofA forecasts Nvidia to issue a revenue outlook about 3% to 4% above consensus, or $107 billion to $108 billion, based on the company's recent guidance trend. Wall Street is looking for $103.68 billion.The outlook factors in the start of the next-generation Vera Rubin shipments, new Vera central processing unit ramps, and "solid" cloud CapEx trends, BofA analyst Vivek Arya said in a note to clients.Recently, Amazon.com (AMZN) increased its full-year CapEx guidance, while Meta Platforms (META) raised the lower end of its own outlook range for the metric. Microsoft (MSFT) said it anticipated CapEx in its fiscal 2027 to increase year over year, while Alphabet (GOOG, GOOGL) indicated rising artificial intelligence capital spending.Spot rental prices of graphic processing units are still hovering around their all-time high levels, reflecting persistent robust demand for compute, and point to cloud pricing upside that could address continued return on investment concerns around Nvidia, BofA said.The brokerage expects the tech bellwether to hold a "healthy" gross margin of around 73% to 74% over time, with limited impacts from rising memory costs.Nvidia has likely made around $70 billion in equity investments into ecosystem partners so far, including the recent $30 billion investment in OpenAI and up to $10 billion in Anthropic, according to the note. These investments are "easily manageable," due to Nvidia's ability to generate up to $470 billion of free cash flow over the next two years. "In other words, we see no issue in (Nvidia) returning 50% of (free cash flow) to shareholders," Arya wrote.BofA maintained its buy rating on the Nvidia stock with a $350 price objective while naming it the "top sector pick on compelling valuation."The company's shares were down 3.1% in Monday afternoon trade. So far in 2026, the stock has jumped nearly 18%.Nvidia is scheduled to release its latest financial results Aug. 26.Price: $217.76, Change: $-6.20, Percent Change: -2.77%

$AMZN$GOOG$GOOGL$META$MSFT$NVDA
Wire

Market Chatter: Nvidia Partners With Wall Street Giants on $500 Billion AI Infrastructure Funding Package

Nvidia (NVDA) is working with some of the world's largest financial firms to build a $500 billion funding package for AI infrastructure development, the Financial Times reported Monday, citing five people briefed on the talks.Apollo Global Management (APO), Blackstone (BX), BlackRock's (BLK) Global Infrastructure Partners, Brookfield Asset Management (BAM), Goldman Sachs (GS) and KKR (KKR) are among the companies that have joined the consortium in partnership with Nvidia, the report said, citing the people.The deal could be announced as soon as Monday, the people reportedly told the FT.The companies didn't immediately reply to requests for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $217.82, Change: $-6.15, Percent Change: -2.74%

$APO$BAM$BLK$BX$GS$KKR$NVDA
Wire

Nvidia Partners With Wall Street Giants to Build $500 Billion AI Infrastructure Funding Package, FT Reports

Nvidia Partners With Wall Street Giants to Build $500 Billion AI Infrastructure Funding Package, FT Reports

$APO$BAM$BLK$GS$KKR$NVDA
Wire

Nvidia Poised for Q2 Beat, Guidance Raise on Vera Rubin Demand, BofA Says

Nvidia (NVDA) is expected to beat estimates and raise guidance on strong Vera Rubin demand and cloud spending, BofA Securities said in a note emailed Monday.The company is set to report Q2 results after the market closes on Aug. 26.BofA said it expects the company to report revenue of $94 billion to $95 billion, about $3 billion to $4 billion above its $91 billion guidance, with the potential for a 3% to 4% increase in guidance to $107 billion to $108 billion, compared with the sell-side estimate of about $104 billion.The expected upside is supported by the start of next-generation Vera Rubin shipments, the ramp-up of new Vera CPUs, and continued strength in cloud capital spending, the firm added.The firm said key areas to watch include the Vera Rubin launch and supply update, as well as any changes to Nvidia's $1 trillion-plus 2025-2027 forecast. Investors will also look for more clarity on OpenAI vendor financing, according to the note.BofA maintains its buy rating and $350 price target and views Nvidia as a top sector pick.Price: $219.75, Change: $-4.22, Percent Change: -1.88%

$NVDA
Equities

S&P 500 Posts Weekly Gain as Tech Giants Surge

The Standard & Poor's 500 index rose 3.6% this week after technology heavyweights jumped and optimism increased that the Strait of Hormuz will reopen following a deal between Iran and Oman.The market benchmark ended the week at 7,757.64. The index is now up 3.4% quarter to date and 13% this year.Palantir Technologies (PLTR) jumped 40% this week after Q2 sales and adjusted earnings surpassed estimates and the company boosted its full-year 2026 sales outlook.Nvidia (NVDA) jumped 12% this week.An Iranian official said a framework on the Strait of Hormuz has been agreed with Oman, with "a final decision to be made at higher levels," Al Jazeera reported, citing Iranian state media.The information technology sector had the largest percentage gain of the week, up 7.2%, followed by a 5.6% advance in materials and a 3% rise in industrials.Zebra Technologies (ZBRA) reported fiscal Q2 non-GAAP earnings and sales above market expectations, and also lifted its full-year 2026 outlook. Shares jumped 28% this week.Albemarle (ALB) reported Q2 adjusted earnings and sales growth that beat consensus, and raised revenue guidance for the specialties segment to $1.4 billion to $1.6 billion for the full year. Shares advanced 11% this week.The three S&P 500 sectors that declined the most this week were energy, utilities, and real estate, down 3.3%, 1.7% and 0.1%, respectively.NRG Energy (NRG) reported a steeper-than-expected slide in Q2 adjusted earnings. The shares fell 12% in the week.Cisco Systems (CSCO), Applied Materials (AMAT), CoreWeave (CRWV), Rocket Lab (RKLB) and Simon Property Group (SPG) are among the companies reporting quarterly results next week.Economic data due next week include consumer and wholesale price inflation, retail sales, Michigan consumer sentiment and existing home sales.

S&P 500$ALB$AMAT$CRWV$CSCO$NRG$NVDA$PLTR$RKLB$SPG$ZBRA
Sectors

Sector Update: Tech Stocks Rise Friday Afternoon

Tech stocks were higher Friday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) rising 1% and the State Street SPDR S&P Semiconductor ETF (XSD) climbing 4.3%.The Philadelphia Semiconductor index added 2%.In corporate news, Cloudflare (NET) shares jumped past 7% after the cloud and cybersecurity company lifted its full-year outlook following better-than-expected Q2 results.Microchip Technology's (MCHP) strong fiscal Q1 results were buoyed by better cyclical trends and structural tailwinds from its data center and aerospace and defense segments, Morgan Stanley said in a Friday note. Microchip shares climbed 14%.The Commerce Department's Bureau of industry and Security is reviewing how Chinese AI firms acquire Nvidia (NVDA) chips by renting computing power located in other countries, Bloomberg reported. Nvidia shares were up 1.3%.

$MCHP$NET$NVDA
Wire

Top Midday Stories: Stocks Rise on Dismal Jobs Report; Doximity Shares Soar After CEO Touts New AI Search Tool

All three major US stock indexes were up in late-morning trading Friday after the Bureau of Labor Statistics reported July jobs data that came in far below expectations, giving investors the impression that the Federal Reserve will not be pressed to raise interest rates.The July employment report showed nonfarm payrolls fell by 23,000, compared with the consensus estimate from a survey compiled by Bloomberg of 80,000 jobs. June and May payrolls were revised down to increases of 20,000 and 63,000, respectively, for a net downward revision of 103,000 jobs. The unemployment rate fell to 4.1% from 4.2% in June and compared with the Bloomberg consensus of 4.2%. The labor force participation rate fell to 61.4% from 61.5% in June.In company news, Doximity (DOCS) reported a fiscal Q1 adjusted earnings late Thursday of $0.29 per diluted share, down from $0.36 a year earlier and below the FactSet consensus analyst estimate of $0.30. Fiscal Q1 revenue was $156.6 million, up from $145.9 million and above the FactSet consensus $151.8 million. For Q2, the company expects revenue of $170 million to $171 million, below the FactSet consensus of $171.8 million. For fiscal 2027, the company expects revenue of $671 million to $681 million, up from its prior outlook of $664 million to $676 million. Analysts polled by FactSet expect $670 million. On the company's earnings call, Chief Executive Jeffrey Tangney said the revenue that Doximity's new AI search tool is generating is 10 times what it costs to run. Doximity shares were up 37% around midday.Atlassian (TEAM) reported fiscal Q4 non-GAAP net income late Thursday of $1.87 per diluted share, up from $0.98 a year earlier and above the FactSet consensus of $1.50. Fiscal Q4 revenue was $1.77 billion, up from $1.38 billion a year ago and above the FactSet consensus of $1.66 billion. For fiscal Q1, the company expects revenue of $1.71 billion to $1.72 billion, above the FactSet consensus of $1.67 billion. For fiscal 2027, the company expects revenue growth of about 13%. Analysts expect revenue of $7.34 billion. Atlassian shares were up 30%.The Commerce Department's Bureau of industry and Security is reviewing how Chinese AI firms acquire Nvidia (NVDA) chips by renting computing power located in other countries, Bloomberg reported Friday, citing people familiar with the matter. Nvidia shares were up 2.5%.Amazon's (AMZN) Amazon Web Services has asked engineers to reduce internal compute usage and free up server capacity as AI demand pressures CPU and GPU infrastructure, The Information reported Friday, citing people familiar with the mater. Some AWS engineers are now waiting days, rather than hours, for CPU server capacity, as teams have been directed to decommission idle EC2 instances and reduce compute usage, the report said. Amazon shares were up 2.2%.Price: $28.30, Change: $+7.64, Percent Change: +36.97%

$AMZN$DOCS$NVDA$TEAM
Oil & Energy

Vistra Q2 Electricity Generation Up YoY

Integrated retail electricity and power generation company Vistra (VST) Friday posted a year-over-year increase in Q2 electricity generation to 50.2 terawatt-hours from 45.6 TWh.Commercial availability of power generating facilities averaged 95.7% during the quarter, up from 91.8% a year earlier.Vistra's assets, consisting of combined-cycle gas turbines, nuclear power plants, coal power plants, solar farms, and battery storage, have a total net capacity of 43.82 gigawatts as of June 30.The company projects this year's adjusted capital expenditure to total $1.50 billion, up from the previous year's $1.31 billion.It has formed Helix Digital Infrastructure along with partners Nvidia (NVDA), KKR (KKR), and Kuwait Investment Authority, and has advanced the acquisition of Cogentrix Energy, the construction of two Permian Basin natural gas units, and the development of solar facilities.

$KKR$NVDA$VST
Wire

Market Chatter: Nvidia Considers Less Memory for Rubin Ultra Chip

Nvidia (NVDA) has been testing at least three versions of the Rubin Ultra GPU in recent weeks, some of which have less memory than what it originally announced, as the chipmaker looks for ways to deal with a shortage of advanced high-bandwidth memory chips, The Information reported Thursday, citing three people with direct knowledge of the matter.Nvidia didn't immediately reply to a request for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $218.76, Change: $-0.46, Percent Change: -0.21%

$NVDA
Wire

Nvidia Considers Less Memory for Rubin Ultra Chip, The Information Reports

Nvidia Considers Less Memory for Rubin Ultra Chip, The Information Reports

$NVDA
Japan

US Equity Markets Mixed as SpaceX, AMD Shares Drop; Iran Announces Hormuz Plan

US equity indexes were mixed Wednesday as SpaceX (SPCX) and Advanced Micro Devices (AMD) stocks declined, while Iran and Oman agreed on a proposed route through the Strait of Hormuz.* Iran said it has reached an agreement with Oman on shipping through Hormuz, Bloomberg reported.* The Institute for Supply Management's US services index rose to 54.1 in July from 54.0 in June, compared with expectations for 54.5 in a Bloomberg survey.* The S&P Global US services index was revised upward to 54.6 in July from the 53.6 flash reading, compared with expectations for no revision in a survey compiled by Bloomberg.* September West Texas Intermediate crude oil fell $0.60 to settle at $75.18 per barrel, while September Brent crude, the global benchmark, was last seen up $0.10 at $79.46.* Nvidia (NVDA) shares rose 3.4%, one of the top gainers on the Dow and Nasdaq, after Space Exploration Technologies CEO Elon Musk said the company will build AI services exclusively on Nvidia's products.* SpaceX shares fell 14%, the biggest drop on the Nasdaq, after the company reported Q2 capital expenditures of $18.37 billion, up from $2.83 billion a year earlier.* AMD shares fell 7% even after fiscal Q2 results topped the market consensus.

Dow JonesNasdaq CompositeS&P 500$AMD$NVDA$SPCX
Sectors

Sector Update: Tech Stocks Mixed Late Afternoon

Tech stocks were mixed late Wednesday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) slightly rising and the State Street SPDR S&P Semiconductor ETF (XSD) falling 2.4%.The Philadelphia Semiconductor index was down 0.5%.In corporate news, SpaceX (SPCX) reported Q2 capital expenditures of $18.37 billion, up from $2.83 billion a year ago, taking the shine off a narrower-than-expected loss and above-consensus revenue growth. The shares fell past 12%.Nvidia (NVDA) shares rose 4.1% after SpaceX CEO Elon Musk said the company will build its AI services exclusively on Nvidia's systems.OpenAI accounted for over half and likely about 70% of Microsoft's (MSFT) AI sales in its most recent fiscal year, Bloomberg reported Wednesday, citing company disclosures and its own analysis. Microsoft shares were down 0.5%.Shopify (SHOP) reported Q2 earnings above Wall Street's expectations on Wednesday, while it recorded annual growth of more than 30% each in its revenue, gross merchandise volume and gross profit metrics. Its shares jumped past 17%.

$MSFT$NVDA$SHOP$SPCX

Showing 201-220 of 617

Track with the FINWIRES app suite

FolioX
FolioX
Track Nvidia in your portfolio
WheelAI
WheelAI
Analyze Nvidia options with the wheel strategy
StockInsider
StockInsider
See market sentiment on Nvidia