Tag: NYSE:SNOW
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Nvidia Stocks Surge Up to 7% Pre-Market; VF Corp Drops 15%, and More in Earnings
Nvidia (NASDAQ:NVDA) – The adjusted earnings per share were $6.12, exceeding the expected $5.59. Revenue reached $26.04 billion, a 262% year-over-year increase, surpassing the anticipated $24.65 billion. For the next quarter, the company forecasts $28 billion in sales. In the quarter ended April 28, data center revenue was $22.6 billion, a 427% year-over-year increase. Nvidia…
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U.S. Index Futures Dip Amid Wall Street Anxiety; Oil Prices Decline
U.S. index futures started Wednesday with a slight decline in pre-market trading, with an air of anticipation due to the imminent results from Nvidia (NASDAQ:NVDA) and after the S&P 500 and Nasdaq indices reached record highs the previous day. At 6:29 AM, Dow Jones futures (DOWI:DJI) fell 47 points, or 0.12%. S&P 500 futures declined…
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Nvidia Profits Set to Challenge Historic High Market; GE Aerospace Announces New Hires, and More News
Earnings Nvidia (NASDAQ:NVDA) – Nvidia’s earnings, viewed as a barometer for the growing AI industry, will be released after the market closes on Wednesday. The results will also serve as a critical indicator for the US stock market, which has reached record highs. Analysts estimate that Nvidia will report earnings per share of $5.17 on…
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Snowflake’s Soaring Valuation Amidst Mounting Losses: A Reflection on Today’s Tech Sector
Twenty-five years after the first dot-com bubble, where tech giants boasted sky-high valuations despite modest profits, today’s landscape presents a stark contrast, leaving many MarketScreener analysts and columnists bewildered weekly. A prime example of this trend is Snowflake, a company that had already raised eyebrows last year due to its exorbitant valuation and the market’s…
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Snowflake Stock Plummets 20.3% After CEO Transition; C3.ai, Okta, and Duolingo Surge Post-Strong Quarterly Reports, and More
Snowflake (NYSE:SNOW) – Snowflake’s shares plummeted 20.3% following the announcement of CEO Frank Slootman’s retirement, replaced by Sridhar Ramaswamy, former head of advertising at Google. Fourth-quarter sales rose 32% to $774.7 million, but operating losses widened to $275.5 million. The revenue forecast for the first quarter fell short of expectations. Okta (NASDAQ:OKTA) – Okta’s shares…
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Pre-Market Surge for Snowflake, Salesforce, Nutanix; ASML’s New CEO; Occidental’s CrownRock Negotiations
U.S. index futures are up in Thursday’s pre-market, reflecting investor expectations regarding the announcement of October’s personal consumption expenditures and the forecasted data for the weekly unemployment insurance claims. As of 6:09 AM, the Dow Jones futures (DOWI:DJI) rose by 168 points, or 0.47%. The S&P 500 futures advanced 0.19%, and the Nasdaq-100 futures increased…
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Amazon Unveils Innovative Services, Okta Discloses Data Breach, Textron Plans 2% Global Workforce Reduction, and More
U.S. index futures are trending upwards in Wednesday’s pre-market, with investors awaiting the release of the second estimate of the Gross Domestic Product (GDP) and the Beige Book in the United States to calibrate bets on monetary policy direction. As of 05:52 AM, Dow Jones futures (DOWI:DJI) rose by 105 points, or 0.30%. S&P 500…
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Thursday’s Wall Street Highlights: Boeing, Nvidia, Guess, J&J, GM, and more
US index futures are higher in premarket trading on Thursday, reflecting chipmaker Nvidia’s strong results (NASDAQ:NVDA) yesterday and ahead of the Jackson Hole symposium in the US, which starts today and could provide clues about the interest path. By 6:46 AM, Dow Jones Futures (DOWI:DJI) fell 22 points, or 0.06%. S&P 500 futures were up 0.58%…
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Wednesday’s Wall Street Highlights: Nvidia, Apellis Pharmaceuticals, UPS, AMC, and more
US Index Futures are trading higher in the pre-market session on Wednesday, a day set for the release of a global sector economic activity indicator and ahead of Nvidia’s earnings (NASDAQ:NVDA) and the Jackson Hole symposium, which begins tomorrow. As of 06:46 AM, Dow Jones futures (DOWI:DJI) were up 71 points or 0.21%. S&P 500…
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Tuesday’s Wall Street Highlights: Walgreens, Lordstown Motors, AMD and more
US stock futures show timid signs of recovery after Chinese Premier Li Qiang’s speech at the World Economic Forum, announcing the country’s intention to implement new, “more effective” measures to boost domestic demand. The sectors with the best pre-market performances are telephony, technology and energy. By 07:02 AM, Dow Jones (DOWI:DJI) futures were up 3 points, or…