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389 stories mentioning NvidiaUpdated 20h ago

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

Asia Markets

US Equity Indexes Mixed, Crude Oil Surges Amid Reports Iran Halting Peace Process

US equity indexes traded mixed after Iran's reported threats to halt the indirect peace talks with Washington sent crude oil futures sharply higher, and as technology extended gains.The Nasdaq Composite climbed 0.2% to 27,019.1, with the S&P 500 up less than 0.1% to 7,581.9, while the Dow Jones Industrial Average was lower by 0.3% to 50,858.1 after midday on Monday.Energy and technology, which jumped more than 5% last week, were the only sectors in positive territory. Utilities, consumer discretionary, and communication services led the decliners.Iranian negotiators will stop exchanging messages with the US through intermediaries, and Tehran will fully close the Strait of Hormuz in retaliation against ongoing ceasefire violations, CNBC reported, citing Iran's state-affiliated news outlet Tasnim on Monday. The report, in a translated post on the social media site Telegram, homed in on Israel's military operations in Lebanon against the Iran-backed militia Hezbollah, CNBC reported."No dialogue will take place" until Israel fully withdraws from occupied areas in Lebanon and stops all attacks in both Lebanon and Gaza, Tasnim was cited as saying.Meanwhile, President Donald Trump, who last week received a framework for a peace agreement with Iran, sent back changes to the proposed deal, officials said, insisting on tougher language about Tehran's nuclear commitments and its pledge to reopen the Strait of Hormuz, CNN reported.Brent crude futures soared 6.6% to $97.12, and West Texas Intermediate crude oil futures surged 7.7% to $94.07. The rise follows US attacks on Iranian military sites, Tehran targeting a US military base, and Israel's advances in Lebanon, according to media reports.US Treasury yields rose, with the 10-year up 5.3 basis points to 4.51%. The two-year jumped 6.8 basis points to 4.08%.In precious metals, gold futures slumped 2.1% to $4,496.5, while silver futures dropped 1.3% to $74.97.In company news, Nvidia (NVDA) has launched RTX Spark, a new AI chip that will be used in Microsoft (MSFT) Windows laptops and desktops. Nvidia's shares jumped 5.1%, and Microsoft rose 2.6%, among the top gainers on the Dow.Salesforce (CRM) surged 9.6%, among the Dow and S&P 500's biggest outperformers, after the company said it will invest $2 billion in France through 2030 to expand its artificial intelligence and cloud operations.In economic news, the Institute for Supply Management's US manufacturing index rose to 54.0 in May from 52.7 in April, compared with expectations for a smaller increase to a 53.0 reading in a survey compiled by Bloomberg. The index indicates faster expansion, and the print is the highest since May 2022.However, the S&P Global US manufacturing index for May was revised down to 55.1 from the flash 55.3, compared with expectations of no revision in a Bloomberg-compiled survey. The May index is above the 54.5 reading reported in April, indicating expansion.US construction spending rose by 0.4% in April, versus a 0.3% increase expected in a survey compiled by Bloomberg and following a downwardly revised 0.2% increase in March.

Dow JonesNasdaq CompositeS&P 500$CRM$MSFT$NVDA
Japan

US Equity Indexes Mixed After Iran Halts Peace Process, Technology Marches Higher

US equity indexes traded mixed after Iran's move to halt indirect peace talks with the US sent crude oil futures sharply higher and as technology extended gains.The Nasdaq Composite climbed 0.2% to 27,030.4, with the S&P 500 up less than 0.1% to 7,583.9, while the Dow Jones Industrial Average was lower by 0.2% to 50,912.6 after midday on Monday.Energy and technology, which last week jumped more than 5%, were the only sectors in positive territory intraday. Utilities, consumer staples, health care led the decliners.Iran will halt talks with the US in protest of Israel's military operations in Lebanon, media outlets reported Monday, citing Iran's state-affiliated news outlet Tasnim. President Donald Trump, who last week received a framework for a peace agreement with Iran, had sent back changes to the proposed deal, officials said, insisting on tougher language about Tehran's nuclear commitments and its pledge to reopen the Strait of Hormuz, CNN reported.Brent crude futures soared 7.2% to $97.71, and West Texas Intermediate crude oil futures surged 8.3% to $94.62. The rise follows US attacks on Iranian military sites and Tehran targeting a US military base, according to media reports.In company news, Nvidia (NVDA) has launched RTX Spark, a new AI chip that will feature in Microsoft (MSFT) Windows laptops and desktop personal computers. Nvidia's shares jumped 3.9% and Microsoft rose 2.3%, among the top gainers on the Dow.

Dow JonesNasdaq CompositeS&P 500$MSFT$NVDA
Wire

Top Midday Stories: Oil Rises After Iran Reportedly Says It's Halting Messages With US; Nvidia Launches New AI Chip for Laptops

The Dow Jones Industrial Average was down, while the S&P 500 Index and Nasdaq Composite were roughly flat in late-morning trading Monday, as oil prices rose after Iranian state media disclosed that Iran would halt messages with the US over Israel's military operations in Lebanon.In company news, Nvidia (NVDA) said Monday it has launched RTX Spark, a new AI chip that will feature in Microsoft (MSFT) Windows laptops and desktop personal computers. The chip features an Nvidia Blackwell RTX graphics processing unit, 1 petaflop of AI compute and 128gb of unified memory, Nvidia said. RTX Spark will power its Windows laptops, including Microsoft Surface, and those of its PC partners ASUS, Dell (DELL), HP (HPQ), Lenovo and MSI, Microsoft said in a blogpost. Nvidia shares were up 3.9%, while those of Microsoft, Dell and HP were up 2.0%, 8.5% and 7.2%, respectively.People Inc. said Monday it has submitted a non-binding proposal to acquire all outstanding MGM Resorts International (MGM) shares it doesn't already own for $48.30 per share in cash. The proposal represents a 24.1% premium to the volume-weighted average price of MGM common stock for the 30 trading days ending on May 29, People said. MGM shares were up 16.5%.Taylor Morrison Home (TMHC) has agreed to be acquired by Berkshire Hathaway (BRK.A, BRK.B) for $6.8 billion in cash and a total enterprise value of about $8.5 billion, the companies said Sunday. Berkshire will pay $72.50 per share, a 24% premium to Taylor Morrison's latest closing price of $58.50 on May 29, the companies said. The deal is expected to close in H2, at which point Taylor Morrison will continue to be managed by its existing management team, the companies said. Taylor Morrison shares were up 22.6%, while Berkshire's Class A and Class B shares were down 0.7% and 0.8%, respectively.Constellation Energy (CEG) has priced an underwritten secondary offering of 11 million shares at $281 apiece, the company said Monday. Underwriters have a 30-day option to buy an extra 1.35 million shares, and Constellation said it will repurchase 2 million shares from the underwriters at the offering price under its existing buyback program. Constellation shares were down 5.8%.Salesforce (CRM) said Monday it will invest $2 billion in France through 2030, including the launch of an AI Innovation Hub in Paris for developing, testing and deploying AI applications. Salesforce shares were up 10.2%.Price: $219.23, Change: $+8.09, Percent Change: +3.83%

$BRK.A$BRK.B$CEG$CRM$DELL$HPQ$MGM$MSFT$NVDA$TMHC
Sectors

Sector Update: Tech Stocks Mixed Premarket Monday

Technology stocks were mixed premarket Monday, with the State Street SPDR S&P Semiconductor ETF (XSD) down 0.2% and the State Street Technology Select Sector SPDR Fund (XLK) advancing by 1%.Nvidia (NVDA) has launched RTX Spark, a new AI chip that will feature in Microsoft (MSFT) Windows laptops and desktop personal computers. Nvidia stock rose past 2% and Microsoft shares were up more than 3% pre-bell.Intel (INTC) plans to begin shipping a new artificial intelligence chip in limited volumes by the end of 2026, the Financial Times reported, citing a senior company executive. Intel stock was down more than 5% premarket.Salesforce (CRM) shares were up more than 4% after the company said it will invest $2 billion in France through 2030, expanding its AI and cloud operations.

$CRM$INTC$MSFT$NVDA$XLK$XSD
Research

Research Alert: CFRA Maintains Strong Buy Opinion On Shares Of Nvidia Corporation

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:Jensen Huang held his keynote speech at Computex where he reiterated his vision for the Agentic AI ecosystem. NVDA unveiled RTX Spark, a new Windows on Arm platform that will power over 30 laptops and 10 desktop systems launching this fall from all the major PC manufacturers, with the goal of running autonomous assistants locally (128GB of unified memory). NVDA also announced Agent Toolkit, a full-stack aimed at optimizing its entire physical AI stack into agent-callable tools (Cosmos for physical world reasoning, Omniverse for simulation/digital twins, Isaac for robotics simulation/robot learning, Metropolis for vision AI, Alpamayo for autonomous driving, and Jetson for edge AI). We think that these announcements, among others, position NVDA to benefit from the changing AI narrative shift toward inference workloads and edge devices. We expect x86 providers (INTC/AMD) and emerging player QCOM to be viewed negatively on NVDA competitive concerns but see the market large enough for all these players to succeed.

$NVDA
Sectors

Sector Update: Tech

Technology stocks were flat to higher premarket Monday, with the State Street SPDR S&P Semiconductor ETF (XSD) inactive and the State Street Technology Select Sector SPDR Fund (XLK) advancing by 1.2%.Nvidia (NVDA) has launched RTX Spark, a new AI chip that will feature in Microsoft (MSFT) Windows laptops and desktop personal computers. Nvidia stock rose past 2% and Microsoft shares were up more than 3% pre-bell.

$MSFT$NVDA
Asia Markets

US Equity Futures Rise Pre-Bell Despite Renewed US-Iran Clashes

US equity futures were edging higher pre-bell Monday despite the shaky Middle East ceasefire being tested once again by a new exchange of attacks, even as President Donald Trump stated that Iran wants to come to an agreement.Dow Jones Industrial Average futures were 0.21% higher, S&P 500 futures were up 0.2%, and Nasdaq futures were 0.2% higher.The US said that it struck radar and drone sites in Iran after an American drone was shot down over the weekend. Iran then said it launched its own strike, while Kuwait reported that it intercepted incoming drone and missile fire."Iran really wants to make a deal, and it will be a good one for the U.S.A. and those that are with us," Trump said in a post on Truth Social. He has not yet decided on whether to move forward on an agreement to extend the ceasefire and reopen the Strait of Hormuz.Among the companies reporting financial results this week are Palo Alto Networks (PANW), Broadcom (AVGO), and CrowdStrike (CRWD).Oil prices were higher, with front-month global benchmark North Sea Brent crude up 2.3% at $93.24 per barrel and US West Texas Intermediate crude 2.9% higher at $89.92 per barrel.The final S&P Global manufacturing purchasing managers index for May, due at 9:45 am ET, is seen coming in at 55.3, unchanged from its prior value, according to estimates compiled by Bloomberg.The May Institute for Supply Management's services index, due at 10 am ET, is projected at 53.0, versus 52.7 previously. The April construction spending report is also due at 10 am ET.In other world markets, Japan's Nikkei closed 0.9% higher, Hong Kong's Hang Seng ended 0.9% higher, and China's Shanghai Composite finished 0.3% lower. Meanwhile, the UK's FTSE 100 was down 0.3%, and Germany's DAX index was 0.6% higher in Europe's early afternoon session.In equities, Nvidia (NVDA) and Microsoft (MSFT) shares were up 2.4% and 3.6%, respectively, after Nvidia said it launched RTX Spark, a new chip for Microsoft Windows PC personal AI agents. Dell Technologies (DELL) stock was up 1.2% after the company said it launched its XPS 13 compact laptop. Salesforce (CRM) shares rose nearly 5% after the company said it plans to invest $2 billion in France through 2030 and expand its AI and cloud operations.On the losing side, Toyota Motor (TM) stock was down 3% after a Wall Street Journal report that the Trump administration is expected to propose a tweak to the US-Mexico-Canada Agreement that would require half of all automobile components and materials to come from sources in the US. Constellation Energy (CEG) stock was down 2.7% after the company said certain shareholders launched a public offering of 11 million of its common shares.

Dow JonesNasdaq CompositeS&P 500$AVGO$CEG$CRM$CRWD$DELL$MSFT$NVDA$PANW$TM
Stocks Rise Pre-Bell as Traders Monitor Middle East Developments, Await Fresh Labor Market Data
US Markets

Stocks Rise Pre-Bell as Traders Monitor Middle East Developments, Await Fresh Labor Market Data

The benchmark US stock measures were pointing higher before the opening bell Monday as traders assess the latest developments in the Middle East and await fresh labor market data later in the week.The S&P 500 and the Nasdaq rose 0.2% each in premarket activity, while the Dow Jones Industrial Average added 0.4%. The indexes finished Friday's trading session at new highs.The US and Iran exchanged messages over the weekend on amendments to a draft agreement that would extend their ceasefire and reopen the Strait of Hormuz, Bloomberg News reported Monday. Iran's semi-official Tasnim news agency said Sunday that both sides continued to propose amendments, but could ultimately reject each other's proposals, according to the report.In a social media post on Monday, Trump said that Iran "really wants to make a deal" and that it will be a "good one" for the US and its allies.Israel's Prime Minister Benjamin Netanyahu on Monday ordered the Israeli military to attack targets in Beirut, Lebanon.West Texas Intermediate crude oil gained 3.6% to $90.53 a barrel before the open, while Brent inclined 3.1% to $93.96.Investors will be looking ahead to fresh labor market data later this week, beginning with the Job Openings and Labor Turnover Survey for April on Tuesday, followed by the ADP employment report for May on Wednesday. The Challenger Job Cut report and the government's nonfarm payrolls data, both for last month, are scheduled to be released on Thursday and Friday, respectively.Treasury yields were trending upwards in premarket action, with the two-year rate increasing 2.3 basis points to 4.04% and the 10-year rate rising 1.4 basis points to 4.47%.Monday's economic calendar has the final Purchasing Managers' manufacturing index for May at 9:45 am ET, followed by the Institute for Supply Management's manufacturing index for the same month at 10 am.Shares of Nvidia (NVDA) advanced 2.2% pre-bell after the tech bellwether unveiled a new chip processor for Microsoft (MSFT) Windows laptops. Intel (INTC) dropped 5.1% while Adobe (ADBE) climbed 4.6%.Taylor Morrison Home's (TMHC) stock jumped 22% after the homebuilder agreed to be acquired and taken private by multinational conglomerate Berkshire Hathaway (BRK.A, BRK.B) in an all-cash deal with an equity value of about $6.8 billion.Broadcom (AVGO), Palo Alto Networks (PANW) and CrowdStrike (CRWD) are some of the major companies scheduled to report their latest financial results later this week. Hewlett Packard Enterprise (HPE) will release its earnings after the markets close Monday.Gold fell 1.3% to $4,535 per troy ounce, while bitcoin decreased 1.1% to $72,601.

Dow JonesNasdaq CompositeS&P 500$ADBE$AVGO$BRK.A$BRK.B$CRWD$HPE$INTC$MSFT$NVDA$PANW$TMHC
Wire

HPE Expands Server Portfolio With Nvidia Processors

Hewlett Packard Enterprise (HPE) said Monday it expanded its server portfolio with the release of the ProLiant Compute DL394 Gen12 using Nvidia (NVDA) Vera processors.The hardware is engineered to support high-performance artificial intelligence and data processing applications, the company said.The device uses a monolithic chip design and high-efficiency memory to avoid calculation delays, and integrates quantum-resistant security protocols and unified management software to automate operations, HPE said.The product will be available by the end of the year and is offered through a corporate financing plan, it added.Shares of HPE were up over 6% in Monday premarket activity.Price: $45.86, Change: $+2.80, Percent Change: +6.50%

$HPE$NVDA
Wire

Update: Market Chatter: Microsoft Gets Compute Boost After IREN Borrows $3.6 Billion for Nvidia Chips

(Update with Microsoft's response to a request for comment in the second paragraph.)Data center builder and operator IREN borrowed about $3.6 billion this month to help fund a purchase of NVIDA (NVDA) graphics processing units to be used by Microsoft (MSFT) at a Texas data center, Bloomberg reported Thursday, citing a person with knowledge of the matter.Microsoft declined to comment to.(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: $428.14, Change: $+15.47, Percent Change: +3.75%

$MSFT$NVDA
Sectors

Sector Update: Tech Stocks Rise Thursday Afternoon

Tech stocks rose Thursday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) gaining 1.7% and the State Street SPDR S&P Semiconductor ETF (XSD) adding 2.2%.The Philadelphia Semiconductor index climbed 2%.In corporate news, Snowflake (SNOW) shares surged 38% after the firm raised its full-year product-revenue outlook on better-than-expected fiscal Q1 results and announced a $6 billion infrastructure-spending deal with Amazon.com's (AMZN) cloud platform.Data center builder and operator IREN borrowed about $3.6 billion this month to help fund a purchase of Nvidia (NVDA) graphics processing units to be used by Microsoft (MSFT) at a Texas data center, Bloomberg reported. Microsoft shares gained 3.2%, and Nvidia was up 0.4%.Nebius (NBIS) shares jumped past 8% after Situational Awareness, a fund led by former OpenAI researcher Leopold Aschenbrenner, reported a 5.6% stake worth nearly $2.6 billion in the company, Reuters reported.

$MSFT$NBIS$NVDA$SNOW
Wire

Market Chatter: Microsoft Gets Compute Boost After IREN Borrows $3.6 Billion for Nvidia Chips

Data center builder and operator IREN borrowed about $3.6 billion this month to help fund a purchase of NVIDA (NVDA) graphics processing units to be used by Microsoft (MSFT) at a Texas data center, Bloomberg reported Thursday, citing a person with knowledge of the matter.The companies 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: $425.92, Change: $+13.25, Percent Change: +3.21%

$MSFT$NVDA
Wire

IREN Borrows $3.6 Billion for Nvidia GPUs Supporting Microsoft AI Data Center Deal, Bloomberg Reports

IREN Borrows $3.6 Billion for Nvidia GPUs Supporting Microsoft AI Data Center Deal, Bloomberg Reports

$MSFT$NVDA
Wire

Tigress Financial Raises Nvidia Price Target to $425 From $360, Maintains Strong Buy Rating

Nvidia (NVDA) has an average rating of Buy and mean price target of $305.72, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)Price: $210.39, Change: $-4.47, Percent Change: -2.08%

$NVDA
Wire

EPlus Launches Private AI Infrastructure-as-a Service Offering

EPlus (PLUS) said Tuesday it has launched a private artificial intelligence infrastructure-as-a service offering that is built on Digital Realty's PlatformDigital and Lenovo's Hybrid AI Advantage platforms.The offering aims to help enterprises build private AI infrastructure with Nvidia (NVDA) accelerated computing clusters and provides complete design and deployment by certified engineers, 24x7 monitoring and support, and lifecycle management, among others, the company said.Shares of the company were up 1.5% in Tuesday trading.Price: $86.84, Change: $+1.47, Percent Change: +1.72%

$NVDA$PLUS
Asia Markets

US Equity Indexes Off Session Highs as Iran Examines Peace Deal, Trump Firm No-Nuclear for Tehran

US equity indexes were off session highs as President Donald Trump appeared open to giving Iran time to review Washington's latest peace proposal while reportedly remaining firm on preventing Tehran from ever going nuclear.The Dow Jones Industrial Average climbed 0.6% to 50,285.66, with the S&P 500 up 0.2% to 7,445.72 and the Nasdaq Composite higher by less than 0.1% to 26,293.10 on Thursday. After the open, all three indexes traded lower. The gauges, however, clawed back losses and traded higher after midday, before giving up some of the gains in the final leg.All sectors except consumer staples, energy, and industrials rose. Utilities led the gainers.The Islamic Republic is "reviewing" the views of the American side, CNBC cited Iran Foreign Ministry spokesperson Esmaeil Baghaei as saying in a report from the state-run Nour News on Thursday. The latest US peace offer partly bridged the gap between warring sides, but disagreements remain, Bloomberg reported. Trump is prepared to wait a few more days to "get the right answers" from Tehran, CNBC reported.Meanwhile, Iran's Supreme Leader Ayatollah Mojtaba Khamenei ordered enriched uranium to remain in the Islamic Republic, Reuters reported Thursday, citing two senior sources from the country. However, Tehran will "downblend" the nuclear material itself, an Iranian official on Thursday told Al Jazeera, which also reported that Trump has vowed to seize the nuclear material."We will get it. We don't need it, we don't want it. We'll probably destroy it after we get it, but we're not going to let them have it," Reuters cited Trump as telling reporters at the White House on Thursday.Further, Iran is also discussing with Oman ways to set up a permanent toll system to formalize its control of maritime traffic through the Strait of Hormuz, Bloomberg reported Thursday. "Iran and Oman must mobilize all their resources both to provide security services and to manage navigation, in the most appropriate manner," the Iranian ambassador to France, Mohammad Amin-Nejad, told Bloomberg on Wednesday.West Texas Intermediate crude oil futures fell 0.9% to $97.39, and Brent crude futures declined 0.9% to $104.12.US Treasury yields were mixed, with the 10-year leaning slightly lower at 4.57%. The two-year yield rose 3.4 basis points to 4.07%.Late Wednesday, a majority of Federal Open Market Committee participants appeared to be leaning away from rate cuts for now and were open to the possibility of rate increases, minutes of the April 28-29 meeting showed.In economic news Thursday, US initial jobless claims fell to 209,000 in the week ended May 16 from an upwardly revised 212,000 in the previous week, compared with expectations for 210,000 in a Bloomberg-compiled survey.The May flash reading of manufacturing conditions from S&P Global rose to 55.3, a 48-month high, from 54.5 in April, compared with the 53.8 anticipated in a Bloomberg-compiled poll.April housing starts fell 2.8% from the previous month to a 1.465 million annual rate, compared with expectations compiled by Bloomberg for a 1.410 million rate. Building permits jumped 5.8% to a 1.442 million rate in April, above the 1.384 million rate expected and following a decrease to a 1.363 million rate in March.In company news, Nvidia (NVDA) reported overnight stronger-than-expected fiscal Q1 adjusted earnings and revenue. The chipmaker also unveiled an additional $80 billion share repurchase authorization and raised its quarterly dividend.

Dow JonesNasdaq CompositeS&P 500$NVDA
Dow Hits Record High Despite Nvidia's Decline; Oil Prices Fall
US Markets

Dow Hits Record High Despite Nvidia's Decline; Oil Prices Fall

The Dow Jones Industrial Average hit an all-time peak on Thursday even as Nvidia's (NVDA) shares declined, while oil prices headed for their third straight day of decline.The Dow rose 0.6% to settle at 50,285.7, logging a record closing high and marking the second consecutive day of gains. The S&P 500 added 0.2% to 7,445.7, while the Nasdaq Composite edged up 0.1% to 26,293.1. Most sectors ended in the green, led by utilities, while consumer staples saw the biggest drop.Shares of Nvidia fell 1.8%, the third-worst performer on the Dow.The chipmaking giant late Wednesday reported fiscal first-quarter revenue above Wall Street's estimates as data center sales outperformed expectations amid an artificial intelligence boom.For the current quarter, Nvidia said it anticipates revenue of $91 billion, plus or minus 2%. The consensus indicated $87.29 billion."Nvidia has become so important that good is not enough," Saxo Bank said in a report. "Investors want proof that the cycle extends into 2027 and beyond, that margins can stay high, and that customers are not simply ordering ahead before the next chip transition."West Texas Intermediate crude oil was last down 0.3% at $97.82 a barrel and Brent fell 0.5% to $104.55, both on course for their third consecutive decline."The oil market remains overly sensitive to Iran-related headlines, with participants continuing to pin considerable hope on reports that talks between the US and Iran are progressing," ING Bank said in a report."We've been in this situation multiple times before, which ultimately led to disappointment," ING said. "Yet the market is still reactive, likely reflecting the significance of ongoing supply disruptions."Iran's Supreme Leader, Ayatollah Mojtaba Khamenei, has issued a directive that the country's uranium should remain within the country, Reuters reported Thursday, citing two senior Iranian sources.President Donald Trump reportedly said Thursday that the US will eventually recover Iran's stockpile of highly enriched uranium. Retrieving the uranium is a key objective of Trump's war on Iran.Trump told reporters on Wednesday that negotiations with Iran had reached the final stages, though he warned of further attacks if Tehran backed out, according to several media outlets.Iran is discussing setting up a permanent toll system with Oman to formalize its control of the Strait of Hormuz, Bloomberg News reported Thursday.Treasury yields were mixed, with the two-year rate last up 1.1 basis points at 4.08% and the 10-year yield rate falling 2.3 basis points to 4.57%.Switching to monetary policy, Richmond Fed President Tom Barkin said lifting interest rates may not be an appropriate response to curb price pressures."Raising rates to weaken demand doesn't address the root cause behind supply shock-driven inflation. It doesn't free up trade routes, reopen factories or melt ice," he said in prepared remarks for an event in North Carolina. "That said, I've been asking myself whether we've entered an era where supply shocks will become more frequent.""With inflation above our 2% target for over five years now, it's worth asking whether the cumulative impact of so many waves risks loosening the anchor," Barkin said.At their April policy meeting, Federal Reserve officials flagged the possibility of higher interest rates if the Middle East conflict drags on and keeps inflation above the 2% goal, minutes from the meeting showed on Wednesday.In other corporate news, Ralph Lauren (RL) jumped nearly 14%, the top gainer on the S&P 500. The luxury apparel maker outlined a full-year revenue guidance that implied a slowdown annually, while the company reported better-than-expected fiscal fourth-quarter results.Spotify (SPOT) advanced 13% after the audio-streaming platform outlined its long-term financial targets and signed licensing agreements with Universal Music Group for fan-made remixes.Walmart (WMT) shares slumped 7.3%, the steepest decline on the Dow and third-biggest on the S&P 500. The retail giant issued a fiscal second-quarter earnings outlook below market estimates, while it reported better-than-expected revenue in the previous three-month period.Intuit's (INTU) stock plunged 20%, the worst performer on the S&P 500. The financial technology platform late Wednesday reported better-than-expected fiscal third-quarter results and disclosed plans to reduce its workforce by about 17%.Deere's (DE) fiscal second-quarter results exceeded analysts' expectations, while the company on Thursday affirmed its soft full-year earnings outlook amid continued pressure in global agricultural markets. The stock lost 5.2%, among the worst performers on the S&P 500.Gold was last up 0.2% at $4,544.70 per troy ounce, while silver rose 1.1% to $77.01 per ounce.

Dow JonesNasdaq CompositeS&P 500$DE$INTU$NVDA$RL$SPOT$WMT
Sectors

Sector Update: Tech Stocks Rise Late Afternoon

Tech stocks were higher late Thursday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) increasing 0.6% and the State Street SPDR S&P Semiconductor ETF (XSD) adding 1.9%.The Philadelphia Semiconductor index was up 0.9%.In corporate news, Meta Platforms (META) reached an agreement with the Breathitt County School District to settle a lawsuit alleging that addiction to top social media platforms has upended learning and forced public schools to spend large amounts of resources fighting a mental health crisis, Bloomberg reported. A Meta spokesperson toldvia email that the company has resolved this case amicably. Meta shares rose 0.3%.Nvidia (NVDA) reported fiscal Q1 revenue above Wall Street's estimates as data center sales outperformed expectations amid an AI boom. Its shares still declined 1.5%.Intuit's (INTU) stock plunged 20%. The financial technology platform late Wednesday reported better-than-expected fiscal third-quarter results and disclosed plans to reduce its workforce by about 17%.SpaceX (SPCX) filed an S-1 registration statement with the Securities and Exchange Commission late Wednesday for an initial public offering. Separately, SpaceX entered into cloud-computing agreements to provide Amazon-backed (AMZN) Anthropic access to its server infrastructure, SpaceX said in a regulatory filing. Amazon shares rose 1.5%.

$AMZN$INTU$META$NVDA
Equity Markets Rise Intraday, Oil Falls as Traders Monitor Middle East Developments
US Markets

Equity Markets Rise Intraday, Oil Falls as Traders Monitor Middle East Developments

US equity markets edged higher intraday and oil prices declined as traders tracked the latest on the Iran war, while technology bellwether Nvidia's (NVDA) shares slipped despite reporting stronger-than-expected first-quarter revenue.The Dow Jones Industrial Average was up 0.5% at 50,256.6 after midday Thursday, while the Nasdaq Composite rose 0.3% to 26,345. The S&P 500 added 0.3% to 7,453.4. Most sectors were in the green, led by consumer discretionary, while consumer staples saw the biggest drop.West Texas Intermediate crude oil was down 2.4% at $95.92 a barrel intraday, while Brent fell 2.5% to $102.39.Iran's Supreme Leader, Ayatollah Mojtaba Khamenei, has issued a directive that the country's uranium should remain within the country, Reuters reported Thursday, citing two senior Iranian sources.President Donald Trump reportedly said Thursday that the US will eventually recover Iran's stockpile of highly enriched uranium. Retrieving the uranium is a key objective of Trump's war on Iran.Trump told reporters on Wednesday that negotiations with Iran had reached the final stages, though he warned of further attacks if Tehran backed out, according to several media outlets.Iran is discussing setting up a permanent toll system with Oman to formalize its control of the Strait of Hormuz, Bloomberg News reported Thursday.Treasury yields were mixed intraday, with the two-year rate up 2.4 basis points at 4.09% and the 10-year yield rate little changed at 4.59%.Shares of Nvidia (NVDA) fell 1.2% intraday, among the worst performers on the Dow.The chipmaking giant late Wednesday reported fiscal first-quarter revenue above Wall Street's estimates as data center sales outperformed expectations amid an artificial intelligence boom.For the current quarter, Nvidia said it anticipates revenue of $91 billion, plus or minus 2%. The consensus indicated $87.29 billion."Nvidia has become so important that good is not enough," Saxo Bank said in a report. "Investors want proof that the cycle extends into 2027 and beyond, that margins can stay high, and that customers are not simply ordering ahead before the next chip transition."Walmart (WMT) shares were down 6.9%, the steepest decline on the Dow and second-biggest on the S&P 500. The retail giant issued a fiscal second-quarter earnings outlook below market estimates, while it reported better-than-expected revenue in the previous three-month period.Intuit's (INTU) stock plunged 20% intraday, the worst performer on the S&P 500. The financial technology platform late Wednesday reported better-than-expected fiscal third-quarter results and disclosed plans to reduce its workforce by about 17%.Deere's (DE) fiscal second-quarter results exceeded analysts' expectations, while the company on Thursday affirmed its soft full-year earnings outlook amid continued pressure in global agricultural markets. The stock was 4.6% lower intraday, among the worst performers on the S&P 500.Lifting interest rates may not be an appropriate response from the Federal Reserve to curb price pressures, Richmond Fed President Tom Barkin said in prepared remarks for an event in North Carolina."Raising rates to weaken demand doesn't address the root cause behind supply shock-driven inflation. It doesn't free up trade routes, reopen factories or melt ice," he said. "That said, I've been asking myself whether we've entered an era where supply shocks will become more frequent.""With inflation above our 2% target for over five years now, it's worth asking whether the cumulative impact of so many waves risks loosening the anchor."Fed officials at their April policy meeting flagged the possibility of higher interest rates if the Middle East conflict drags on and keeps inflation above the 2% goal, minutes from the meeting showed on Wednesday.Ross Stores (ROST), Take-Two Interactive Software (TTWO), and Workday (WDAY) are among companies scheduled to release their earnings after the markets close.Gold was up 0.2% at $4,545.90 per troy ounce, while silver rose 1.1% to $77.05 per ounce.

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Wire

New Street Cuts Nvidia Price Target to $340 From $343

Nvidia (NVDA) has an average rating of buy and mean price target of $283.99, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)Price: $221.25, Change: $-2.22, Percent Change: -0.99%

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