The US stock market ended lower on Friday as investors assessed Federal Reserve Chair Kevin Warsh’s warning that recent inflation data had not shown enough improvement to alter the underlying trend. The remarks increased expectations for a potential interest rate hike in September. The S&P 500 fell 0.26% to 7,711.05, while the Nasdaq Composite dropped
Nvidia (NVDA) shares soared over 7% on Thursday after the chipmaker’s longer-term revenue outlook reassured investors that demand for artificial intelligence infrastructure remains strong despite concerns over spending, financing and competition. The rally could also help Nvidia break a recent pattern. The stock, trading at around $226, is also just below its all-time high of
Oracle stock rose by nearly 2% on Thursday as Nvidia boosted the momentum in artificial intelligence (AI) companies. ORCL rose to $149, up modestly from this month’s low of $114. This rally will now be put to the test when the company publishes its earnings earlier next month. Analysts are turning bullish on Oracle stock
Affirm’s stock has traded sideways over the past few weeks, but that may change later today when the company releases its financial results, offering fresh insight into the business. AFRM was recently trading at $76.45, still within the range it has held during this period. This article explores why the stock could be on the
Wall Street did not get the inflation report it wanted. The July Personal Consumption Expenditures (PCE) price index rose 3.7% year-on-year, matching June but exceeding economists’ 3.6% forecast, while core PCE increased 3.3%. Yet the report was not uniformly negative for stocks. Personal income climbed 0.4% in July, disposable income rose 0.5%, and consumer spending
Nvidia’s blowout earnings gave semiconductor stocks a lift on Thursday, after the world’s leading AI chipmaker projected 70% revenue growth for fiscal 2028 and signaled that demand for artificial intelligence infrastructure remains well above current supply. The Philadelphia Semiconductor Index rose about 1.7%, while shares of Marvell Technology, Arm Holdings, SK Hynix and Broadcom also
IREN stock jumped over 4%, mirroring gains at other neocloud companies like CoreWeave and Nebius following strong Nvidia earnings and guidance. Shares climbed to $43.25, but this rally will be put to the test when the company publishes its own earnings later today. IREN’s revenue to drop on Bitcoin sell-off as pivot to AI continues
Memory stocks fell on Thursday despite Nvidia’s strong earnings and outlook supporting the broader technology sector. Micron Technology MU declined 2%, while SanDisk fell 1.7% and Western Digital dropped 2.7% as investors appeared to weigh company-specific factors alongside the continued strength in artificial intelligence demand. Nvidia reported fiscal second-quarter revenue of $96.22 billion, up 106%
Okta Inc (OKTA) shares climbed to a new year-to-date high on Thursday morning after the identity security company posted a blockbuster Q2 and raised its guidance for the full year. The upbeat release prompted a fresh wave of bullish analyst calls, with RBC raising its price target for OKTA to $195 and Citizens lifting it
Strategy Inc. MSTR (formerly known as Microstrategy) shares rose more than 12% on Thursday as Bitcoin broke above the $80,000 level, lifting investor sentiment toward the company, which is often viewed as a leveraged equity proxy for the cryptocurrency because of its large Bitcoin holdings. The Nasdaq Composite was up 1.5%, while the S&P 500