Nvidia

Needham Cuts Nvidia Price Target to $270 From $300

Nvidia (NVDA) has an average rating of buy and mean price target of $327.47, according to analysts polled by FactSet.Price: $226.83, Change: $+17.17, Percent Change: +8.19%

Dow JonesNasdaq CompositeS&P 500$CRM$CRWD$NVDA

US Markets20d ago

Amkor 'Underappreciated Beneficiary' of Advanced Semiconductor Packaging, BofA Says

Amkor Technology (AMKR) is an "underappreciated beneficiary" of the increasing complexity associated with semiconductor packaging, BofA Securities said Thursday.The brokerage initiated coverage of the semiconductor packaging giant's stock with a buy rating and a $70 price objective."We see (Amkor) as an underappreciated beneficiary of rising semiconductor packaging complexity, (artificial intelligence/high performance computing-related) advanced packaging demand and US supply-chain regionalization," BofA analyst Ruplu Bhattacharya said in a note to clients.Amkor shares were up 5.4% in Thursday afternoon trade, bringing its year-to-date gains to 29%.The company continues to be a cyclical and capital-intensive provider of outsourced semiconductor assembly and testing services, BofA said. The market isn't fully reflecting Amkor's mix shift toward advanced products and the long-term strategic value of its upcoming expanded semiconductor facility in Arizona, according to the note.In May, the company announced it acquired an additional space next to its Arizona semiconductor campus as it expands advanced packaging and testing operations in the US. The facility is expected to assist Amkor in capturing advanced packaging business in the future from customers seeking to diversify their semiconductor supply chains, Bhattacharya said Thursday.The company's business is becoming "less transactional," while it should benefit from improved visibility into loading, reducing the risk associated with advanced-packaging assets being installed without identified demand, BofA said.The brokerage expects Amkor's annual earnings to reach $3.41 a share in 2028, compared with $1.51 in 2025, amid an expected improvement in mix and utilization.BofA also highlighted key risks to the company, such as high capital intensity, negative free cash flow through its investment cycle and advanced-packaging competition.Earlier this year, Amkor entered into a multiyear partnership with chipmaking giant Nvidia (NVDA) to develop advanced semiconductor packaging and test technologies for next-generation AI and accelerated computing platforms. Separately, Amkor signed a 10-year partnership with Taiwan Semiconductor Manufacturing (TSM) on advanced semiconductor packaging capabilities in Arizona.Price: $51.24, Change: $+2.84, Percent Change: +5.87%

$AMKR$NVDA$TSM

Asia Markets20d ago

Update: US Equity Indexes Rise as Nvidia's Blowout Quarterly Results Lift Technology

(Updates with index/price moves, macroeconomic data, and company/geopolitical news from the first paragraph.)US equity indexes rose after Nvidia's (NVDA) strong fiscal Q2 results boosted technology, helping outweigh declines in all other sectors.The Nasdaq Composite jumped 1.4% to 26,505.5, the S&P 500 climbed 0.7% to 7,732.1, and the Dow Jones Industrial Average advanced 0.3% to 53,635.9 after midday Thursday. All sectors, except technology, declined. Consumer staples and consumer discretionary were among the worst performers.Shares of Nvidia jumped 9.4%, among the top gainers across all three mainstream indexes, after the company posted fiscal Q2 earnings and revenue that more than doubled from a year earlier, and issued a fiscal Q3 revenue forecast above analysts' expectations.Nvidia offered a surprisingly strong fiscal 2028 revenue outlook, while its gross margin guidance provided clarity amid rising memory costs, Morgan Stanley said in a note.Salesforce (CRM) surged 22%, the leader on the S&P 500, the Nasdaq, and the Dow, after the company posted higher fiscal Q2 adjusted earnings and revenue, and lifted its fiscal 2027 guidance.CrowdStrike (CRWD) soared 19%, also one of the biggest gainers on the three indexes, after the company reported higher fiscal Q2 adjusted earnings and revenue, and raised its full-year net new annual recurring revenue outlook. This is a "blowout quarter as AI demand inflects across the platform," according to a Truist Securities note.Among companies with market capitalizations exceeding $200 billion each, all top 10 names by intraday returns were in the technology sector, according to data compiled by Finviz. Of those 10 firms, almost all were from either the software or semiconductor industries, with Salesforce leading the pack.Instead of succumbing to the threats of economic destruction by the Trump administration, Iran is touting its ability to inflict reciprocal pain, CNN reported."If the economic war continues, not a single drop of oil will be exported, neither through the Strait of Hormuz nor from anywhere in the Persian Gulf," Mohsen Rezaei, the leader of Iran's Supreme National Security Council, was cited as saying on X, according to CNN. "We will retaliate in an earthquake-like manner," he said later in a televised interview.Qatar's foreign ministry said Iran and Doha discussed an agreement to implement a "joint project" to clear mines from the Strait of Hormuz as well as "efforts to reduce escalation and create appropriate conditions for dialogue," according to a report from Al Jazeera, a Middle Eastern broadcaster.The front-month US West Texas Intermediate crude oil contract climbed 0.8% to $82.90 per barrel, and global benchmark North Sea Brent jumped 1.3% to $88.95 per barrel.In economic news, the advance international trade in goods deficit widened to $118.81 billion in July from $101.41 billion in June, according to data released by the US Census Bureau. This was a wider gap than the $100.5 billion deficit expected in a survey compiled by Bloomberg. Exports fell 2.9% in July while imports rose by 3.7%.US initial jobless claims fell to 203,000 in the week ended Aug. 22 from an upwardly revised 207,000 in the previous week, in contrast with expectations for an increase to 208,000 in a survey of analysts compiled by Bloomberg. The four-week moving average rose by 1,250 to 205,500 after increasing in the previous week.The Fed's annual economic policy Symposium at Jackson Hole, Wyoming, is set to kick off on Thursday, with Chair Kevin Warsh scheduled to speak on Friday.Most US Treasury yields slipped after midday. The 10-year yield was steady at 4.66%, and the two-year was unchanged at 4.22%.

US Markets20d ago

Update: Equity Markets Rise Intraday Amid Tech Boost; Nvidia Rallies

(Updates with latest market prices and developments.)US benchmark equity indexes were higher intraday, led solely by the technology sector amid post-earnings rallies in shares of Nvidia (NVDA) and several other key players in the domain.The Nasdaq Composite was up 1.6% at 26,541.6 after midday Thursday, while the S&P 500 rose 0.8% to 7,737. The Dow Jones Industrial Average advanced 0.4% to 53,659.8. The three indexes finished the previous trading session lower, with the Dow snapping a three-day winning streak.Tech was the only sector in the green intraday Thursday, up 3.2%, while consumer staples saw the steepest decline.Nvidia shares jumped 9.5%, the second-biggest gain on the Dow, as the tech bellwether's fiscal second-quarter results more than doubled from a year earlier and topped Wall Street's expectations late Wednesday amid record data center sales. Nvidia expects fiscal 2028 revenue to grow about 70% year over year.The chipmaking giant offered a surprisingly strong sales outlook, while its gross margin guidance provided clarity amid rising memory costs, Morgan Stanley said in a note.Salesforce (CRM) shares soared 21% intraday Thursday, the best performer on both the S&P 500 and the Dow. The customer relationship management platform late Wednesday increased its full-year revenue guidance after delivering a fiscal second-quarter beat.CrowdStrike (CRWD) surged 19% intraday Thursday, the second-steepest rise on the S&P 500. The company late Wednesday raised its full-year net new annual recurring revenue amid increasing demand for cybersecurity solutions to address artificial intelligence risks. CrowdStrike reported better-than-expected fiscal second-quarter results.Hormel Foods (HRL) was the worst performer on the S&P 500 intraday Thursday, down 9.2%. The company lowered its fiscal 2026 sales outlook as it reported mixed third-quarter results, with the top-line pressured amid a challenging consumer environment.Marvell Technology (MRVL), Workday (WDAY), and Ulta Beauty (ULTA) are scheduled to report after the closing bell Thursday, along with others.US Treasury yields were little changed intraday, with the two- and 10-year yields at 4.22% and 4.67%, respectively.The Federal Reserve's annual economic policy symposium at Jackson Hole, Wyoming, was scheduled to kick off Thursday, with Chair Kevin Warsh slated to speak Friday.Markets are currently pricing in a 66% probability that the central bank's Federal Open Market Committee will keep its benchmark lending rate steady next month, with the remaining odds in favor of a 25-basis-point increase, according to the CME FedWatch tool.West Texas Intermediate crude oil edged up 0.6% to $82.76 a barrel intraday, while Brent rose 1.2% to $88.89.Iran and Oman are working on finalizing a deal that will see both countries share control of the Strait of Hormuz, Reuters reported. Qatari Prime Minister Sheikh Mohammed bin Jassim Al Thani met with Iranian Foreign Minister Abbas Araghchi Thursday and discussed the emerging Hormuz agreement between Tehran and Oman, CNN reported.Spot gold rose 0.5% to $4,612.27 per troy ounce, while silver gained 2.5% to $70.52 per ounce.

Dow JonesNasdaq CompositeS&P 500$CRM$CRWD$HRL$MRVL$NVDA$ULTA$WDAY

Dow Jones^EEM^EXI^FAS^FAZ^GLD^IBB^IGM^IGV^IPK^IVV^IWMNasdaq Composite^IYE^IYH^IYJ^IYK^IYW^PMR^QQQ^RTH^SOXXS&P 500^SPY^UNG^USO^VDC^VHT^VIS^XLE^XLF^XLI^XLK^XLP^XLV^XRT^XSD$BETH$BITO$EETH$NVDA

Sector Update: Tech Stocks Gain Thursday Afternoon

Tech stocks were higher Thursday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) rising 2.9% and the State Street SPDR S&P Semiconductor ETF (XSD) adding 1.7%.The Philadelphia Semiconductor index climbed 1.9%.In sector news, progress on the creation of a self-regulatory organization for AI companies has stalled within the Trump administration, The Information reported. A draft executive order on the subject has circulated in recent weeks, but it still needs buy-in from a number of senior officials, including the president, the report said.Separately, the Trump administration is considering sweeping new tariffs on semiconductors that could extend to products containing chips, including laptops, gaming consoles and data center servers, Politico reported. Commerce Secretary Howard Lutnick favors tying tariff relief to companies' investments in US chip manufacturing, according to Politico sources. The administration is also considering a phase-in period, while tariff rates and other details remain unsettled, the report said.In corporate news, Nvidia (NVDA) shares jumped past 9% after it posted fiscal Q2 earnings and revenue that more than doubled from a year earlier, and issued a fiscal Q3 revenue forecast above analysts' expectations.CrowdStrike (CRWD) shares popped 19% after it reported higher fiscal Q2 adjusted earnings and revenue, and raised its fiscal 2027 revenue outlook.Salesforce (CRM) shares surged past 21% after it reported a fiscal Q2 beat and boosted fiscal 2027 guidance.

$CRM$CRWD$NVDA

Asia Markets20d ago

Exchange-Traded Funds Rise as US Equities Advance After Midday

Broad Market IndicatorsBroad-market exchange-traded funds IWM and IVV were higher. Actively traded Invesco QQQ Trust (QQQ) added 1.2%.US equity indexes rose after Nvidia's (NVDA) strong fiscal Q2 results helped boost the technology sector.EnergyIShares US Energy ETF (IYE) and the State Street Energy Select Sector SPDR (XLE) each shed 0.5%.TechnologyThe State Street Technology Select Sector SPDR ETF (XLK) rose 2.9%; iShares US Technology ETF (IYW) and iShares Expanded Tech Sector ETF (IGM) also edged higher.The State Street SPDR S&P Semiconductor (XSD) was up 1.9%, while iShares Semiconductor (SOXX) added 1.6%.FinancialThe State Street Financial Select Sector SPDR (XLF) shed 0.4%. Direxion Daily Financial Bull 3X Shares (FAS) declined 0.9%, and its bearish counterpart, Direxion Daily Financial Bear 3X Shares (FAZ), advanced 1.2%.CommoditiesCrude oil gained 0.6%, and the United States Oil Fund (USO) added 1.1%. Natural gas rose 2%, and the United States Natural Gas Fund (UNG) was up 1.4%.Gold on Comex gained 0.2%, and the State Street SPDR Gold Shares (GLD) was up 0.4%. Silver added 2.1%, and iShares Silver Trust (SLV) rose 1.9%.ConsumerThe State Street Consumer Staples Select Sector SPDR (XLP) shed 0.9%. The Vanguard Consumer Staples ETF (VDC) fell 1%, while iShares Dow Jones US Consumer Goods (IYK) lost 0.9%.The State Street Consumer Discretionary Select Sector SPDR (XLY) fell 0.8%. VanEck Retail ETF (RTH) was down 1.1%, and the State Street SPDR S&P Retail (XRT) declined 1.6%.HealthcareThe State Street Health Care Select Sector SPDR (XLV) eased 0.6%. iShares US Healthcare (IYH) and Vanguard Health Care ETF (VHT) were also lower. IShares Biotechnology ETF (IBB) lost 0.1%.IndustrialThe State Street Industrial Select Sector SPDR (XLI) fell 0.7%. Vanguard Industrials Index Fund (VIS) and iShares US Industrials (IYJ) were also lower.CryptocurrencyIn midday activity, bitcoin (BTC-USD) rose 2.6%. Among cryptocurrency ETFs, ProShares Bitcoin ETF (BITO) added 2.5%, ProShares Ether ETF (EETH) was up 2.1%, and ProShares Bitcoin & Ether Market Cap Weight ETF (BETH) gained 1.7%.

Sector Update: Tech

Tech stocks were higher Thursday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) rising 2.9% and the State Street SPDR S&P Semiconductor ETF (XSD) adding 1.7%.The Philadelphia Semiconductor index climbed 1.9%.In corporate news, Nvidia (NVDA) shares jumped past 9% after it posted fiscal Q2 earnings and revenue that more than doubled from a year earlier, and issued a fiscal Q3 revenue forecast above analysts' expectations.

Nvidia Guiding Up Nicely Despite Margin Headwinds, UBS Says

Nvidia's (NVDA) new 2027 guidance implies EPS above $16 even as gross margins face near-term pressure from higher memory prices, UBS said in a note Thursday.The brokerage said it views the company's decision to provide firmer 2027 guidance positively, with demand still appearing to exceed the guided level.UBS estimates Nvidia could ship about 13 gigawatts this year, including roughly 7 GW to hyperscalers and 6 GW to neoclouds, while its 2027 guidance implies about 19-20 GW.However, the emergence of SpaceX (SPCX) could put Nvidia in a heavy allocation situation and leave limited room for hyperscaler shipments to grow, the brokerage said.UBS raised its 2027 and 2028 EPS estimates to $17.16 and $22.08 from $16.20 and $19.81, respectively.UBS maintained a buy rating and raised price target to $300 from $280.Price: $228.90, Change: $+19.24, Percent Change: +9.18%

Dow JonesNasdaq CompositeS&P 500$CRWD$NVDA

Japan20d ago

Update: Technology Lifts US Equity Indexes After Nvidia's Blowout Quarterly Results

(Updates with index/price moves and company/geopolitical news from the first paragraph.)US equity indexes rose after Nvidia's (NVDA) strong fiscal Q2 results helped boost the technology sector.The Nasdaq Composite jumped 1.34% to 26,477.8, the S&P 500 climbed 0.6% to 7,722.09, and the Dow Jones Industrial Average advanced 0.3% to 53,614 after midday Thursday.Shares of Nvidia jumped 8.9%, among the top gainers across all three mainstream indexes, after the company posted fiscal Q2 earnings and revenue that more than doubled from a year earlier, and issued a fiscal Q3 revenue forecast above analysts' expectations.Nvidia offered a surprisingly strong fiscal 2028 revenue outlook, while its gross margin guidance provided clarity amid rising memory costs, Morgan Stanley said in a note.CrowdStrike (CRWD) soared 17%, also one of the biggest gainers on the three indexes, after the company reported higher fiscal Q2 adjusted earnings and revenue, and raised its fiscal 2027 revenue outlook.Among companies with market capitalizations exceeding $200 billion each, all top 10 names by intraday returns were in the technology sector, according to data compiled by Finviz. Of those 10 firms, almost all were from either the software or semiconductor industries.In the Middle East, about 6 million to 8 million barrels a day of crude oil are now being shipped through the Strait of Hormuz, Bloomberg reported, citing estimates from traders monitoring cargo activity. Flows slipped in July, when an onslaught of Iran's attacks on supertankers led to the breakdown of an interim ceasefire agreement between Washington and Tehran and heightened risks to navigation, the news report said, adding that flows remain at roughly half prewar levels.Qatar's Foreign Ministry said Iran and Qatar discussed an agreement to implement a "joint project" to clear mines from the Strait of Hormuz as well as "efforts to reduce escalation and create appropriate conditions for dialogue," according to a report from Al Jazeera, a Middle Eastern broadcaster.The front-month US West Texas Intermediate crude oil contract climbed 0.5% to $82.61 per barrel, and global benchmark North Sea Brent jumped 1% to $88.77 per barrel.

Update: Wedbush Adjusts Nvidia Price Target to $345 From $330, Maintains Outperform Rating

(Updated to include Wedbush commentary)Wedbush raised its price target on Nvidia (NVDA) to $345 from $330 following the company's reported Q2 earnings.Wedbush highlighted incremental positives, such as both revenue and EPS beating consensus, Q3 revenue guidance of $108 billion coming in nearly $4 billion above estimates, likely still reflecting some customary conservatism. Management also guided to roughly 70% 2028 revenue growth and framed the revenue outlook as being supply bound, given customer forecasts pointing to demand roughly doubling.Nvidia has an average rating of buy and mean price target of $327.47, according to analysts polled by FactSet.Price: $228.36, Change: $+18.70, Percent Change: +8.92%

Nvidia Enters Multiyear Partnership With Hark to Advance Personalized Agentic AI

Nvidia (NVDA) has entered into a multiyear partnership with Hark to advance personalized agentic AI, including a technical collaboration and gigawatt-scale compute capacity on the Vera Rubin platform, Hark said Thursday.Hark said Nvidia's AI infrastructure supported the development of its Hark Handoff computer use model, the distributed inference behind Hark's platform upon release, and training of its foundation models into the future.Hark said it is using other Nvidia technologies, including the Megatron stack for model training, Dynamo for inference, and NVSentinel for GPU cluster resiliency.Shares of Nvidia were up about 8% in Thursday trading.Price: $226.37, Change: $+16.71, Percent Change: +7.97%

Nvidia's Fiscal 2028 Revenue Outlook Surprisingly Strong, Morgan Stanley Says

Nvidia (NVDA) offered a surprisingly strong fiscal 2028 revenue outlook, while its gross margin guidance provided clarity amid rising memory costs, Morgan Stanley said in a note emailed Thursday.The technology bellwether expects fiscal 2028 revenue to grow about 70% year-over-year, Nvidia Chief Financial Officer Colette Kress said during the earnings call Wednesday, according to a FactSet transcript. "Although we will work to close the supply-demand gap, we expect supply to remain a bottleneck at least through the end of fiscal year 2028," Kress said.The brokerage said the revenue outlook exceeded its estimate that called for 52% growth and Wall Street's 40% consensus view.For the fiscal third quarter, Nvidia expects gross margins of 74%, plus or minus 50 basis points, with margins bottoming in the fourth quarter, Kress told analysts. Margins should settle at 72% to 73% in fiscal 2028 as price increases take effect, she added."We remain impressed by short-term numbers, given supply constraints, but the incremental surprise was the (calendar year 2027) revenue commentary, and a reset to gross margins, both of which are positives," Morgan Stanley said.The 70% projected growth in a supply-constrained environment "is a remarkable figure, and to the extent possible we would expect Nvidia to continue to knock down barriers to higher growth," the investment firm added.The gross margin commentary clears up what was becoming an overhang on the stock amid rising memory prices, according to the brokerage.Morgan Stanley raised the price target on Nvidia's stock to $300 from $288 and reiterated its overweight rating, citing "a compelling product cycle, exceptional growth, and valuation below peers."Shares of the chip giant were up 7.6% intraday Thursday, and have gained 21% this year.Late Wednesday, Nvidia reported fiscal second-quarter results that more than doubled from a year ago and topped Wall Street expectations, driven by record data center sales.Morgan Stanley said the upcoming Vera Rubin ramp is set to reshape market share narrative. Vera Rubin is Nvidia's next-generation AI supercomputing platform."Allocation of Vera Rubin is going to be central to AI outcomes in the coming months, which should quiet competitive concerns," Morgan Stanley said.Price: $225.45, Change: $+15.79, Percent Change: +7.53%

Nvidia's Demand Visibility Outshines Margin Headwinds, RBC Says

Nvidia (NVDA) is providing a strong demand outlook that outshines modest gross margin headwinds, RBC Capital Markets said in a note Thursday.The note pointed to Nvidia's unusual step of guiding a full year out, projecting some 70% revenue growth in 2028 amid ongoing supply constraints, against consensus of around 45% growth."Visibility appears to be extending even further based on purchase commitments," the report said.The report said Rubin ramps off to a strong start and CPU revenue is on track to more than double next year, while customer diversification is continuing.RBC reiterated its outperform rating and boosted its price target to $330 from $300.Price: $225.54, Change: $+15.88, Percent Change: +7.57%

Nvidia 'Best Positioned' to Deal With Supply Constraints, Wedbush Says

Nvidia (NVDA) is "best positioned" to deal with supply constraints in the industry that limit growth, Wedbush said in a Thursday note.CEO Jensen Huang implied that unconstrained demand would underpin growth of about 100%, compared with the 70% it can supply, the report said, backing view that the bottleneck in the industry is procurement and not a lack of customer demand.Supply and capacity commitments increased to $279 billion from $119 billion, mostly due to new agreements related to memory, according to the note.The report also pointed to Nvidia's forecasts of gross margin down to 74% in fiscal Q3, hitting a low point of 71% to 72% in fiscal Q4, and then stabilizing at 72% to 73% in fiscal 2028, with price increases offsetting the impact of higher memory costs.Wedbush reiterated its outperform rating and raised its price target to $345 from $330.Price: $224.66, Change: $+15.00, Percent Change: +7.15%

Nvidia Delivers Strong Q2 as Long-Term Outlook Improves, Morgan Stanley Says

Nvidia (NVDA) delivered solid fiscal Q2 results, supported by a stronger long-term outlook, with management pointing to higher revenue expectations and continued demand, Morgan Stanley said in a note Thursday.The firm said the quarter was above expectations, but the more important takeaway was management's longer-term outlook. Nvidia expects about 70% growth in fiscal 2028, compared with Morgan Stanley's previous estimate of 52% and consensus of around 40%.The bank said it is raising its fiscal 2028 and fiscal 2029 revenue estimates about $100 billion and $200 billion, respectively. Demand remains heavily supply-constrained, and management said demand is "much greater" than the 70% growth level, it added.Gross margins were slightly weaker because of higher memory costs, but this removes an important overhang for investors, the firm said, adding that Nvidia's expected 72% to 73% gross margin next year is broadly in line with its 72.5% estimate."This is our Top Pick in the semis group, with a compelling product cycle, exceptional growth, and valuation below peers," the bank added.Morgan Stanley raised its price target on Nvidia from $288 to $300 and reiterated its overweight rating.Price: $226.97, Change: $+17.31, Percent Change: +8.26%

$META$MSFT$NVDA$SPCX$TSLA

Market Chatter: SpaceX's Musk, OpenAI's Altman Among Speakers at G20 Tech Meeting

SpaceX (SPCX) Chief Executive Elon Musk and former White House AI czar David Sacks are scheduled to speak at a tech-focused G20 ministerial meeting in North Carolina next week alongside Nvidia (NVDA) CEO Jensen Huang and Microsoft-backed (MSFT) OpenAI CEO Sam Altman, Bloomberg reported Thursday, citing people familiar with the matter.Musk, Sacks and Meta Platforms (META) President Dina Powell McCormick are expected to participate virtually on Sept. 1, while Altman and Huang are set to join the event on its second day, according to the report.The meeting will focus on the proposed non-binding Carolina Principles framework, which advocates a lighter-touch government approach to emerging technologies, including AI, Bloomberg added.SpaceX, Nvidia, Microsoft and Meta Platforms did not immediately respond to' request for comment.(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: $138.96, Change: $-0.67, Percent Change: -0.48%

Asia Markets20d ago

Exchange-Traded Funds Higher, Equity Futures Mixed Pre-Bell Thursday Ahead of Fed's Jackson Hole Symposium

The broad market exchange-traded fund SPDR S&P 500 ETF Trust (SPY) was up 0.6%, and the actively traded Invesco QQQ Trust (QQQ) was 1% higher in Thursday's premarket activity, ahead of the US Federal Reserve's Jackson Hole Economic Policy Symposium.US stock futures were mixed, with S&P 500 Index futures up 0.5%, Dow Jones Industrial Average futures slipping 0.01%, and Nasdaq futures gaining 1% before the start of regular trading.US initial jobless claims fell to a level of 203,000 in the week ended Aug. 22 from an upwardly revised 207,000 level in the previous week, in contrast with expectations for an increase to 208,000 in a survey of analysts compiled by Bloomberg as of 7:40 am ET.The US advance international trade in goods deficit widened to $118.81 billion in July from $101.41 billion in June, according to data released by the US Census Bureau.Weekly natural gas stocks will be released at 10:30 am ET, followed by the Kansas City Federal Reserve manufacturing reading for August at 11 am ET.In premarket activity, bitcoin was up by 1.2%. Among cryptocurrency ETFs, the cryptocurrency fund ProShares Bitcoin Strategy ETF (BITO) was 1.4% higher, Ether ETF (EETH) advanced 1.4%, and Bitcoin & Ether Market Cap Weight ETF (BETH) increased 0.4%.Power Play:ConsumerThe State Street Consumer Staples Select Sector SPDR ETF (XLP) was down 0.5%, the Vanguard Consumer Staples Index Fund ETF Shares (VDC) retreated 0.6%, and the iShares US Consumer Staples ETF (IYK) was inactive. The State Street Consumer Discretionary Select Sector SPDR ETF (XLY) lost 0.4%. The VanEck Retail ETF (RTH) was inactive, while the State Street SPDR S&P Retail ETF (XRT) was inactive.Dollar General (DG) shares were up more than 10% pre-bell after the company reported higher fiscal Q2 earnings and revenue.Winners and Losers:TechnologyThe State Street Technology Select Sector SPDR ETF (XLK) gained 2%, the iShares US Technology ETF (IYW) was 0.8% higher, and the iShares Expanded Tech Sector ETF (IGM) was up 0.7%. Among semiconductor ETFs, the State Street SPDR S&P Semiconductor ETF (XSD) advanced 2.3%, while the iShares Semiconductor ETF (SOXX) rose by 2.8%.Nvidia (NVDA) stock was 7% higher after the company posted overnight higher fiscal Q2 adjusted earnings and revenue.Health CareThe State Street Health Care Select Sector SPDR ETF (XLV) advanced 0.5%, the Vanguard Health Care Index Fund (VHT) was up 0.6%, while the iShares US Healthcare ETF (IYH) slipped 0.01%. The iShares Biotechnology ETF (IBB) was 0.3% lower.Moderna (MRNA) stock was down more than 4% premarket after the company said it plans to offer $2 billion worth of convertible senior notes due 2032 in a private placement.FinancialThe State Street Financial Select Sector SPDR ETF (XLF) retreated 0.7%. Direxion Daily Financial Bull 3X Shares (FAS) was down 1.8%, while its bearish counterpart, Direxion Daily Financial Bear 3X Shares (FAZ), was 1.8% higher.Hyperliquid Strategies (PURR) shares were up 4% in early hours activity after the company reported fiscal 2026 net income Thursday of $305.5 million.IndustrialThe State Street Industrial Select Sector SPDR ETF (XLI) advanced 0.4%, while the Vanguard Industrials Index Fund (VIS) gained 0.1% and the iShares US Industrials ETF (IYJ) was inactive.GE Vernova (GEV) stock was up more than 2% before the opening bell after the company said it will deliver a new 400-kV gas-insulated switchgear substation in Chesterfield, England, for National Grid projects.EnergyThe iShares US Energy ETF (IYE) was inactive, while the State Street Energy Select Sector SPDR ETF (XLE) was up by 0.1%.CommoditiesFront-month US West Texas Intermediate crude oil gained by 0.2% to reach $82.37 per barrel on the New York Mercantile Exchange. Natural gas was up 1.9% at $2.90 per 1 million British Thermal Units. The United States Oil Fund (USO) increased 0.6%, while the United States Natural Gas Fund (UNG) was 0.4% higher.Gold futures for November were down by 0.1% at $4,647.60 an ounce on the Comex. Silver futures gained 0.3% to reach $69.02 an ounce. SPDR Gold Shares (GLD) decreased 0.2%, and the iShares Silver Trust (SLV) was 0.2% lower.

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

Sector Update: Tech Stocks Rise Pre-Bell Thursday

Technology stocks were rising pre-bell Thursday, with the State Street Technology Select Sector SPDR Fund (XLK) up 1.9% and the State Street SPDR S&P Semiconductor ETF (XSD) 2.3% higher.Nvidia (NVDA) shares were up more than 6% after the company posted fiscal Q2 earnings and revenue that more than doubled from a year earlier, and issued a fiscal Q3 revenue forecast above analysts' expectations.CrowdStrike (CRWD) stock was up more than 9% after the company reported higher fiscal Q2 adjusted earnings and revenue, and raised its fiscal 2027 revenue outlook.Salesforce (CRM) shares were up more than 10% after the company posted higher fiscal Q2 adjusted earnings and revenue, and lifted its fiscal 2027 guidance.

$CRM$CRWD$NVDA$XLK$XSD

Sector Update: Tech