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Nvidia stock was edging up early Wednesday ahead of the chip maker's quarterly earnings report after the market close. Nvidia shares were up 0.3% at $213.58 in premarket trading. The stock rose 2.2% on Tuesday, snapping a seven-day losing streak.
Walmart is investing its $2.9 billion return into price cuts, while Target plans for additional reimbursements and Home Depot and Lowe’s offset higher costs.
Cloud computing, meet cloudy numbers. After years of asking investors to take its artificial-intelligence strategy on faith, Microsoft stands out among tech giants for the opacity of its financial reporting. Take Azure, Microsoft’s flagship cloud platform and primary growth engine.
↘️ Intuit (INTU): The company, known for its tax-preparation and accounting software, forecast slower sales growth in the year ahead as it navigates declines in its desktop business. Shares dropped more than 11% premarket.
US stock futures were subdued on Wednesday as investors prepared for Nvidia’s closely watched quarterly earnings and fresh inflation data, while signs of diplomatic progress in the Middle East pushed oil prices sharply lower. Sentiment was also shaped by an escalating trade dispute between the US and Canada, with Ottawa announcing retaliatory tariffs on hundreds of American products.
Nvidia will report its second-quarter results after the US market closes on Wednesday, with analysts expecting revenue of roughly $92 billion (€78.8bn) and investors treating the chipmaker's guidance as a verdict on whether the AI rally still has room to run.View on euronews
China’s YMTC plans to raise 33 billion yuan for production upgrades and R&D.
Shares of semiconductor companies were mixed as investors await Nvidia's second-quarter results after the U.S. market close to gauge appetite for artificial-intelligence chips. Dutch semiconductor-equipment maker ASML Holding and smaller rival ASM International were down 0.
The new AI model that’s swept to the top of online usage charts with high performance at zero cost was created by China’s Z.AI Co., also known as Zhipu.
Oil prices slid in early European trade on fresh Middle East optimism, while Nasdaq futures fell as investors anticipate Nvidia’s narrative-setting earnings and U.S. inflation data.
Soaring long-duration Treasury bond yields can't be swept under the rug any longer.
BEIJING/SINGAPORE, Aug 26 (Reuters) - China's Moonshot AI is negotiating revenue-sharing agreements with Microsoft, Amazon and Alphabet's Google that would allow the U.S. cloud giants to host its
Alibaba Group Holding Ltd.'s efforts to revive sentiment after its $10 billion share placement has failed to dispel investor concerns over how it chose to finance its AI ambition.
The 25% round was forecast to cost up to $5 billion and came in at $3.1 billion. Now Trump says the rate on Canadian vehicles will double.
Wall Street is eagerly anticipating Nvidia Corp.'s earnings on Wednesday afternoon, not so much for what the numbers will say about the chip giant, but for what they mean to artificial intelligence investors and the market itself.
BlackRock Global Chief Investment Strategist Wei Li says she is still optimistic about the artificial intelligence trade as investors await Nvidia's quarterly earnings report. "Scarcity sellers are doing quote a bit better than scarcity buyers and Nvidia is a scarcity seller," Li tells Bloomberg Television. "You look at some of the price increases that we have been talking about, and it really does show that they have earnings pricing power, earnings momentum," she adds.
August is winding down, but there's still a lot left for markets to digest. Nvidia reports earnings after the bell today, following the latest inflation data this morning. Then, Kevin Warsh’s first major policy speech as Federal Reserve chairman follows on Friday.
US microreactor company Nano Nuclear Energy is on the path to deploy its technology to the Middle East after signing the first and only nuclear microreactor partnership with the UAE. The agreement aims to help the country go off grid, power desert data centers and decarbonize oil and gas fields. Jay Yu, the company's founder, executive chairman and president spoke to Bloomberg's Abeer Abu Omar on Horizons Middle East & Africa on the deployment in the UAE plus their plans for Mideast expansion.
The Claude developer is preparing for a potentially record-breaking initial public offering after rapid revenue growth, but its enormous losses and dispute with the Trump administration could concern investors.View on euronews
Zoom Communications Inc (ZM) raises full-year guidance as AI-powered deals and record contact center bookings fuel enterprise acceleration, despite tempered online growth.
Constellation's massive power generation capacity helped it secure major deals in recent years, and it's beginning to reap the benefits.
Nvidia's Q2 earnings today reveal whether AI spending is broadening or concentrated among a few giant buyers.
Salesforce will report second-quarter earnings on Wednesday afternoon amid the most uncertainty it has faced since its earliest days. Wall Street analysts are projecting $3.27 in adjusted earnings per share, rising from $2.91 a year ago. Beginning last year, investors began selling off enterprise software stocks on the idea that much of what they do will be replaced by AI agents that can write software code and execute complex series of tasks from simple conversational commands.
By Ankur Banerjee SINGAPORE, Aug 26 (Reuters) - Asian stocks rose on Wednesday as a drop in oil prices dragged bond yields lower on hopes that the critical Strait of Hormuz may reopen soon, while
U.S. stock futures were mixed early Wednesday as Wall Street awaits Nvidia Corp.‘s (NASDAQ:NVDA) marquee earnings report, key PCE inflation data, and further developments surrounding the Strait of Hormuz. The Polymarket (CRYPTO: POL) crowd is evenly split for the Aug....
A look at the day ahead in European and global markets from Ankur Banerjee A holding pattern in global markets has emerged as traders await earnings from Nvidia that will be a test of confidence in
Cybersecurity AI platform provider SentinelOne (NYSE:S) will be reporting results this Thursday after the bell. Here’s what to look for.