HP Sinks on Profit Outlook, AI Race Heats Up for Nvidia
On this episode of stock movers, Nvidia (NVDA) shares ended the day at the lowest level since Sept. 25 as Alphabet (GOOGL) rises on news Meta is in talks to spend billions on Google’s AI chips, the Information reported, adding to a monthslong share rally as the search giant has made the case it can rival Nvidia Corp. as a leader in artificial intelligence technology. HP (HPQ) shares sink afterhours after the PC and printer maker gave a profit outlook for current year that fell short of estimates and the company said it will cut 4,000 to 6,000 employees through fiscal 2028 by using more AI tools. Urban Outfitters (URBN) shares surged in post market trading Tuesday after the apparel company reported net sales for the third quarter that beat the average analyst estimate. See omnystudio.com/listener for privacy information.
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Closing Bell: Earnings from Autodesk, Workday, Dell Technologies
Listen for comprehensive cross-platform coverage of the US market close as heard on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Katie Greifeld, Tim Stenovec and Carol Massar. On this episode of Stock Movers: - Autodesk (ADSK) gained 5% afterhours after reporting results The company boosted its adjusted earnings per share guidance for the full year; the guidance beat the average analyst estimate. - Workday (WDAY) is up about 3% in afterhours trading. Workday reported adjusted earnings per share for the third quarter of $2.32 vs. $1.89 y/y. The company boosted its subscription revenue forecast for the full year. - Dell Technologies (DELL) raised its annual projections for the AI server market due to sustained demand for machines needed in the current data center boom. The company booked $12.3 billion of AI server orders in the fiscal third quarter and raised shipment projections for the year to $25 billion from $20 billion. Dell's operating margin in its infrastructure unit was 12.4% in the period, and the company's shares rose about 2% in extended trading after the results were announced.See omnystudio.com/listener for privacy information.
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Nvidia Falls and Google Rises on Meta Spend, Kohl's Higher, Abercrombie & Fitch Soars
On this episode of Stock Movers:- Nvidia (NVDA) shares fall after news that Meta Platforms is in talks to spend billions on Google’s AI chips, adding to a monthslong share rally as the search giant has made the case it can rival Nvidia Corp. as a leader in artificial intelligence technology. Alphabet (GOOGL) is rising on the news.- Kohl's (KSS) shares rise after positive earnings and news that it promoted interim Chief Executive Officer Michael Bender to the role on a permanent basis as the US retailer tries to move past a period of management turmoil and slumping sales.- Abercrombie & Finch (ANF) shares jump by 35% after the company raised the low end of its full-year sales outlook as its Hollister brand continued to gain momentum. Net sales will grow 6% to 7% this year, up from the retailer’s previous outlook for at least a 5% gain. Sales at Hollister jumped 16%, helped by strong strong back-to-school demand, the company said in a statement.See omnystudio.com/listener for privacy information.
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Nvidia Drops, Oracle Falls, NIO ADRs Sink on Earnings
On this episode of Stock Movers:- Nvidia (NVDA) shares fall after news that Meta Platforms is in talks to spend billions on Google’s AI chips, adding to a monthslong share rally as the search giant has made the case it can rival Nvidia Corp. as a leader in artificial intelligence technology.- Oracle (ORCL) shares fall after CFRA downgraded the software company to hold from buy. “ORCL faces mounting debt concerns as total debt exceeds $100B following recent capital raises,” and “we expect negative FCF through at least FY28,” writes analyst Angelo Zino.- NIO (NIO) ADRs drop after the Chinese electric vehicle-maker reported revenue for the third quarter and forecasted sales for the fourth quarter that missed the average analyst estimate.See omnystudio.com/listener for privacy information.
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Nvidia Drops, Abercrombie & Finch Jumps, Kohl's Rises on Earnings and CEO News
On this episode of Stock Movers:- Nvidia (NVDA) shares fall after news that Meta Platforms is in talks to spend billions on Google’s AI chips, adding to a monthslong share rally as the search giant has made the case it can rival Nvidia Corp. as a leader in artificial intelligence technology.- Abercrombie & Finch (ANF) shares jump after the company raised the low end of its full-year sales outlook as its Hollister brand continued to gain momentum.Net sales will grow 6% to 7% this year, up from the retailer’s previous outlook for at least a 5% gain. Sales at Hollister jumped 16%, helped by strong strong back-to-school demand, the company said in a statement.- Kohl's (KSS) shares rise after positive earnings and news that it promoted interim Chief Executive Officer Michael Bender to the role on a permanent basis as the US retailer tries to move past a period of management turmoil and slumping sales.See omnystudio.com/listener for privacy information.
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