NVIDIA (NVDA) PT Raised to $670 at KeyBanc, 'Gen AI Lives Up to the Hype'

NVIDIA (NVDA) PT Raised to $600 at CFRA, 'we see FCF growth at +$23B in FY 24'

August 24, 2023 10:10 AM EDT

CFRA analyst Angelo Zino raised the price target on NVIDIA (NASDAQ: NVDA) to $600.00 (from $500.00) while maintaining a Buy rating.

The analyst comments "We increase our 12-month target to $600 from $500, on P/E of 32.6x our CY 25 EPS view, above peers but below... More

Former XPeng (XPEV) autonomous driving head joins Nvidia (NVDA)

August 24, 2023 8:24 AM EDT

Wu Xinhou, the former vice president of autonomous driving at Xpeng (NYSE: XPEV), announced Thursday that he is joining U.S. artificial intelligence giant Nvidia (NASDAQ: NVDA).

Although Wu didn't provide specific details about his new position at Nvidia,... More

NVIDIA (NVDA) PT Raised to $605 at Goldman Sachs, 'Strong Gen AI Demand and Improving Supply to Drive Continued Outperformance'

August 24, 2023 5:49 AM EDT

Goldman Sachs analyst Toshiya Hari raised the price target on NVIDIA (NASDAQ: NVDA) to $605.00 (from $495.00) while maintaining a Buy rating.

The analyst comments "Nvidia delivered against heightened investor expectations as growing investments in Gen AI infrastructure drove a 21% revenue beat and non-GAAP EPS (excl. SBC)... More

NVIDIA (NVDA) PT Raised to $600 at BMO Capital, 'High Bar? Not a Problem'

August 24, 2023 5:06 AM EDT

BMO Capital analyst Ambrish Srivastava raised the price target on NVIDIA (NASDAQ: NVDA) to $600.00 (from $550.00) while maintaining a Outperform rating.

The analyst comments "The company delivered another meaningful beat and raise. The AI demand continues to climb meaningfully higher. NVIDIA's visibility is... More

NVIDIA (NVDA) option IV as shares trade above $500 before the bell

August 24, 2023 5:02 AM EDT

NVIDIA (NASDAQ: NVDA) August call option implied volatility is at 162, September is at 69; compared to its 52-week range of 39 to 68 as shares trade above $500 before the bell.

... More

NVIDIA (NVDA) PT Raised to $600 at Evercore ISI, 'Long Live the (AI) King'

August 24, 2023 4:58 AM EDT

(Updated - August 24, 2023 5:01 AM EDT)

Evercore ISI analyst C.J. Muse raised the price target on NVIDIA (NASDAQ: NVDA) to $600.00 (from $550.00) while maintaining a Outperform rating.

The analyst comments "NVDA has done it again posting a monster beat and raise and driving our CY23 revenue forecast to $54.5B vs consensus of $44.2B coming in and our modeled $29.8B only 3 months ago! Mgmt. highlighted excellent Data Center visibility extending into next year with... More

Stocks expected to have increasing option volume: NVDA SNOW BURL JWN GPS

August 24, 2023 4:52 AM EDT

Stocks expected to have increasing option volume: NVDA SNOW BURL JWN GPS

... More

Exane BNP Paribas Upgrades NVIDIA (NVDA) to Outperform

August 24, 2023 4:38 AM EDT

Exane BNP Paribas analyst David O'Connor upgraded NVIDIA (NASDAQ: NVDA) from Neutral to Outperform with a price target of $745.00.

For an analyst ratings summary and ratings history on NVIDIA click here. For more ratings news on NVIDIA click here.

Shares of NVIDIA closed at $471.16 yesterday.

... More

NVIDIA (NVDA) PT Raised to $560 at UBS, 'Delivering Against Elevated Expectations'

August 24, 2023 4:16 AM EDT

(Updated - August 24, 2023 5:15 AM EDT)

UBS analyst Timothy Arcuri raised the price target on NVIDIA (NASDAQ: NVDA) to $560.00 (from $540.00) while maintaining a Buy rating.

The analyst comments "While not as "shocking" as last Q, NVDA delivered very strong guidance that was solidly above investor bogeys we heard into the call. At some point, demand will become more of a gating factor for revenue but throughout C2024 and maybe into early 2025, NVDA should remain the "kingmaker" in AI - picking and choosing where to allocate supply (and maximize profits).... More

NVIDIA (NVDA) PT Raised to $630 at Citi, 'data center growth was the most robust in the US'

August 24, 2023 3:45 AM EDT

(Updated - August 24, 2023 5:03 AM EDT)

Citi analyst Atif Malik raised the price target on NVIDIA (NASDAQ: NVDA) to $630.00 (from $520.00) while maintaining a Buy rating.

The analyst comments "NVDA stock was up 7% after hours after reporting another big beat on the Jul-Q and guiding Oct-Q to $16B above the high-end of ~$15B buy-side expectations led by strong AI demand. We believe management did a good job addressing the three key topics we highlighted in our preview: AI demand, supply, and... More

NVIDIA (NVDA) PT Raised to $650 at Barclays, 'checks from our Asia Trip suggest there is still upside'

August 24, 2023 2:58 AM EDT

(Updated - August 24, 2023 5:07 AM EDT)

Barclays analyst Blayne Curtis raised the price target on NVIDIA (NASDAQ: NVDA) to $650.00 (from $600.00) while maintaining a Overweight rating.

The analyst comments "The October guide of $16B was at the upper end of expectations, and our checks... More

NVIDIA (NVDA) PT Raised to $610 at Jefferies, 'remains a Franchise Pick'

August 24, 2023 2:43 AM EDT

(Updated - August 24, 2023 5:09 AM EDT)

Jefferies analyst Mark Lipacis raised the price target on NVIDIA (NASDAQ: NVDA) to $610.00 (from $500.00) while maintaining a Buy rating.

The analyst comments "NVDA posted its second consecutive material beat/raise quarter, giving us higher... More

NVIDIA (NVDA) PT Raised to $630 at Morgan Stanley, 'we are seeing customers shift their server purchases to an as-needed model'

August 24, 2023 2:12 AM EDT

(Updated - August 24, 2023 5:17 AM EDT)

Morgan Stanley analyst Joseph Moore raised the price target on NVIDIA (NASDAQ: NVDA) to $630.00 (from $500.00) while maintaining a Overweight rating.

The analyst comments "We would reiterate that the driver of the upside vs. our initial... More

NVIDIA (NVDA) PT Raised to $630 at Wolfe Research

August 24, 2023 2:12 AM EDT

Wolfe Research analyst Chris Caso raised the price target on NVIDIA (NASDAQ: NVDA) to $630.00 (from $570.00) while maintaining a Outperform rating.... More

NVIDIA (NVDA) PT Raised to $600 at JPMorgan, 'Early Innings Of Generative AI'

August 24, 2023 1:52 AM EDT

(Updated - August 24, 2023 5:18 AM EDT)

JPMorgan analyst Harland Sur raised the price target on NVIDIA (NASDAQ: NVDA) to $600.00 (from $500.00) while maintaining a Overweight rating.

The analyst comments "We believe NVIDIA continues to execute across all segments. While 1H is... More

NVIDIA (NVDA) PT Raised to $600 at Wedbush

August 24, 2023 12:23 AM EDT

Wedbush analyst Matt Bryson raised the price target on NVIDIA (NASDAQ: NVDA) to $600.00 (from $490.00) while maintaining a Outperform rating.... More

NVIDIA (NVDA) PT Raised to $600 at Raymond James

August 24, 2023 12:23 AM EDT

Raymond James analyst Srini Pajjuri raised the price target on NVIDIA (NASDAQ: NVDA) to $600.00 (from $500.00) while maintaining a Strong Buy rating.... More

NVIDIA (NVDA) PT Raised to $750 at Baird, 'This Is the Decade of GPUs'

August 24, 2023 12:23 AM EDT

(Updated - August 24, 2023 5:08 AM EDT)

Baird analyst Tristan Gerra raised the price target on NVIDIA (NASDAQ: NVDA) to $750.00 (from $570.00) while maintaining a Outperform rating.

The analyst comments "The convergence of accelerated computing and generative AI is driving very significant growth for... More

NVIDIA (NVDA) PT Raised to $560 at Deutsche Bank, 'awaiting a more favorable entry point'

August 24, 2023 12:22 AM EDT

(Updated - August 24, 2023 5:02 AM EDT)

Deutsche Bank analyst Ross Seymore raised the price target on NVIDIA (NASDAQ: NVDA) to $560.00 (from $440.00) while maintaining a Hold rating.

The analyst comments "In a highly anticipated report and against elevated expectations, NVDA delivered another stunning quarter as demand for AI compute (and particularly NVDA's... More

NVIDIA (NVDA) PT Raised to $590 at Mizuho Securities

August 24, 2023 12:21 AM EDT

Mizuho Securities analyst Vijay Rakesh raised the price target on NVIDIA (NASDAQ: NVDA) to $590.00 (from $530.00) while maintaining a Buy rating.... More

NVIDIA (NVDA) PT Raised to STREET HIGH $1,100 at Rosenblatt, 'AI Inflects into the Biggest MOAC Tech Cycle'

August 24, 2023 12:21 AM EDT

(Updated - August 24, 2023 5:14 AM EDT)

Rosenblatt analyst Hans Mosesmann raised the price target on NVIDIA (NASDAQ: NVDA) to $1,100.00 (from $800.00) while maintaining a Buy rating.

The analyst comments "Nvidias epic print and guide two quarters in a row is simply unprecedented and... More

NVIDIA (NVDA) PT Raised to $620 at Piper Sandler

August 24, 2023 12:20 AM EDT

Piper Sandler analyst Harsh Kumar raised the price target on NVIDIA (NASDAQ: NVDA) to $620.00 (from $500.00) while maintaining a Overweight rating.... More

Stifel Upgrades NVIDIA (NVDA) to Buy, 'Generational Compute Shift Underway'

August 24, 2023 12:03 AM EDT

(Updated - August 24, 2023 5:23 AM EDT)

Stifel analyst Ruben Roy upgraded NVIDIA (NASDAQ: NVDA) from Hold to Buy with a price target of $600.00 (from $440.00).

The analyst comments "Following another exceptional quarter, significantly stronger-than-expected outlook, and extended demand visibility, we... More

NVIDIA (NVDA) PT Raised to $650 at BofA Securities, 'Transformative AI pipeline, still in early stages'

August 23, 2023 10:51 PM EDT

(Updated - August 24, 2023 5:05 AM EDT)

BofA Securities analyst Vivek Arya raised the price target on NVIDIA (NASDAQ: NVDA) to $650.00 (from $550.00) while maintaining a Buy rating.

The analyst comments "We reiterate our Buy rating on top sector pick NVIDIA, raising our FY24/25E (~CY23/24E) pf-EPS by a material... More

After-hours movers: NVIDIA surges on blow-out results and guidance

August 23, 2023 5:32 PM EDT

After-Hours Stock Movers

Guess? (NYSE: GES) 20% HIGHER; reported Q2 EPS of $0.72, $0.33 better than the analyst estimate of $0.39. Revenue for the quarter came in at $665 million versus the consensus estimate of $638.51 million. Guess? sees FY2024 EPS of $2.88-$3.08, versus the consensus of $2.78. Expects Revenue Growth between 2.5% and 4.0% in U.S. Dollars.

Splunk (NASDAQ: SPLK) 12% HIGHER;... More

Citi Issues First Review on NVIDIA (NVDA) Earnings

August 23, 2023 4:46 PM EDT

Citi analyst Atif Malik reiterated a Buy rating and $520.00 price target on NVIDIA (NASDAQ: NVDA).

The analyst comments "CITIS TAKE: NVDA reported better-than-expected Jul-Q results and guidance amid continued AI demand strength. We are awaiting commentary on the earnings call at 5pm ET. See our preview. Fundamentals: NVDA... More

'Long live the AI king': Nvidia crushes expectations amid AI-led demand

August 23, 2023 4:31 PM EDT

(Updated - August 24, 2023 5:42 AM EDT)

Nvidia reported better-than-expected second-quarter results and upbeat guidance as the race to adopt generative artificial intelligence continues to bolster demand for its chips.

NVIDIA Corporation (NASDAQ: NVDA) was up more than 7.5% in pre-market Thursday trade.

Nvidia announced adjusted EPS of $2.70 on revenue of $13.51 billion. Analysts polled by Investing.com anticipated EPS of $2.07 on revenue of $11.13 billion.

The high-margin data center business jumped 171% to a record $10.32B in Q2 from a year ago as businesses transition to accelerated computing and generative AI from general-purpose... More

Stock market today: Dow ends higher as tech regains momentum; Nvidia eyed

August 23, 2023 4:28 PM EDT

Investing.com -- The Dow closed higher Wednesday, driven by tech as optimism builds ahead of Nvidias quarterly results due later today.

The Dow Jones Industrial Average climbed 0.5%, 184 points, Nasdaq rose 1.6%, and the S&P 500 rose 1%.

Tech rallies as focus shifts to Nvidia

Big tech stocks rallied just ahead of Nvidias quarterly results that are expected to hold sway on sentiment in the broader sector.

NVIDIA Corporation (NASDAQ: NVDA), which was up more than 2% adding to gains of 220% this... More

NVIDIA results lifts other chip stocks

August 23, 2023 4:27 PM EDT

Strong results and guidance from NVIDIA (NASDAQ: NVDA) is lifting other semi stocks:

AMD (NASDAQ: AMD) +2.4%Broadcom (NASDAQ: AVGO) +2.6%Intel (NASDAQ: INTC) -0.7%Marvell Technology (NASDAQ: MRVL) +3.4%
... More

Nvidia adds jet fuel to AI optimism with record results, $25 billion buyback

August 23, 2023 4:23 PM EDT

By Chavi Mehta, Max A. Cherney and Stephen Nellis

(Reuters) -Nvidia far exceeded expectations with its quarterly revenue forecast on Wednesday as an artificial-intelligence boom fueled demand for its chips and said it would buy back $25 billion in stock, sending its shares soaring after hours.

Nvidia's forecast beat expectations by billions of dollars, demonstrating that a boom in generative AI technologies that can read and write in human-like ways - and powered almost exclusively by Nvidia's chips - shows no signs of slowing down.

Nvidia's additional $25 billion in share repurchases announced on Wednesday come as shares... More

NVIDIA (NVDA) jumps 7% on beat-and-raise

August 23, 2023 4:23 PM EDT

NVIDIA (NASDAQ: NVDA) jumps 7% after-hours following another beat-and-raise quarter:

reported Q2 EPS of $2.70, $0.63 better than the analyst estimate of $2.07. Revenue for the quarter came in at $13.51 billion versus the consensus estimate of $11.13 billion.NVIDIA sees Q3 2024 revenue of $16 billion, versus the consensus of $12.61 billion.

... More

NVIDIA (NVDA) Announces New $25B Share Buyback

August 23, 2023 4:23 PM EDT

NVIDIA (NVDA) Announces New $25B Share Buyback

... More

NVIDIA (NVDA) Guides Q3 Revenue of $16B vs $12.5B Est

August 23, 2023 4:22 PM EDT

NVIDIA (NVDA) Guides Q3 Revenue of $16B vs $12.5B Est

... More

NVIDIA (NVDA) Tops Q2 EPS by 63c, Guidance Beats

August 23, 2023 4:21 PM EDT

NVIDIA (NASDAQ: NVDA) reported Q2 EPS of $2.70, $0.63 better than the analyst estimate of $2.07. Revenue for the quarter came in at $13.51 billion versus the consensus estimate of $11.13 billion.

GUIDANCE:

NVIDIA sees Q3 2024 revenue of $16 billion, versus the consensus of $12.61... More

NVIDIA (NVDA) Reports Q2 Revenue of $13.51B

August 23, 2023 4:21 PM EDT

NVIDIA (NASDAQ: NVDA) today reported revenue for the second quarter ended July 30, 2023, of $13.51 billion, up 101% from a year ago and up 88% from the previous quarter.

GAAP earnings per diluted share for the quarter were $2.48, up 854% from a year ago and up 202% from the previous quarter. Non-GAAP earnings per diluted share were $2.70, up 429% from a year ago and up 148% from the previous quarter.

A new computing era has begun. Companies worldwide are transitioning from general-purpose to accelerated computing and generative AI, said Jensen Huang, founder and CEO of NVIDIA.

NVIDIA GPUs connected by our... More

NVIDIA (NVDA) gains 3% into results

August 23, 2023 3:58 PM EDT

NVIDIA (NASDAQ: NVDA) gains 3% into results after the close:

results are due at 4:20PM ETmost expect a beat and raisedemand is not the problem, but supply... More

NVIDIA (NVDA) August weekly 467 straddle is priced for a move of 11% into quarter results

August 23, 2023 11:05 AM EDT

NVIDIA (NASDAQ: NVDA) August weekly 467 straddle is priced for a move of 11% into the expected release of quarter results today after the bell.

... More

NVIDIA (NVDA) option IV elevated into quarter results, supply and demand outlook

August 23, 2023 10:12 AM EDT

NVIDIA (NASDAQ: NVDA) August call option implied volatility is at 167, September is at 70; compared to its 52-week range of 39 to 68 into expected release of quarter results today after the bell.

... More

Nvidia shares inch up premarket ahead of highly anticipated earnings release

August 23, 2023 10:02 AM EDT

Investing.com -- Shares in Nvidia (NASDAQ: NVDA) edged higher in premarket trading on Wednesday, as investors eagerly awaited the release of the chipmaker's latest quarterly results.

California-based Nvidia, which manufactures the graphics processors that power generative artificial intelligence, has become a focal point in a surge in excitement over the nascent technology.

Nvidia's share price has tripled this year,... More

Analog Devices (ADI) got the 'huge' next 48 hours for the semi sector off on the wrong foot - Mizuho's Klein

August 23, 2023 9:26 AM EDT

Analog Devices (NASDAQ: ADI) got the "huge" next 48 hours for the semi sector off to a "bad start", Mizuho desk analyst Jordan Klein notes, with a miss and a guide down.

The analyst commented, "Semi investors will be facing the so-called... More

Foot Locker, Tesla, Peloton fall premarket; Kohl's, Urban Outfitters rise

August 23, 2023 7:51 AM EDT

Investing.com -- U.S. futures traded higher Wednesday, as investors digested more corporate earnings, particularly from the retail sector, ahead of the release of numbers from chip designer Nvidia (NASDAQ: NVDA).

Here are some of the biggest premarket U.S. stock movers today:

Kohls (NYSE: KSS) stock rose 3.5% after the department store operator beat quarterly profit estimates, as leaner inventories, lower costs, and fewer discounts helped to counter a broader retail... More

Nvidia rallies as Wall Street anticipates pivotal report

August 23, 2023 7:19 AM EDT

By Medha Singh, Noel Randewich

(Reuters) -Nvidia shares rallied almost 3% on Wednesday as traders bet the chip designer will deliver a strong outlook after the bell and boost the U.S. stock market as it reaps the benefits of early investments in artificial intelligence.

Nvidia's shares have more than tripled this year, with the chipmaker at the center of a Wall Street technology rally fueled by optimism about the potential of AI.

Its stock market value of $1.16 trillion makes Nvidia the world's most valuable chipmaker by far, more than double the value of TSMC, the world's... More

Nvidia to report, Barkin flags 'reacceleration scenario' - what's moving markets

August 23, 2023 6:13 AM EDT

Investing.com -- All eyes are on Nvidia, with the chipmaker and AI darling set to release second quarter earnings after the close of U.S. trading on Wednesday. Meanwhile, Richmond Fed President Thomas Barkin raises the prospect of a "reacceleration scenario" in the American economy as central bankers from around the world prepare to congregate for a key economic symposium this week in Jackson Hole, Wyoming.

1. Eagerly awaited Nvidia results on deck

Earnings season may be gradually winding down, but investors still have major results to examine, including the latest quarterly figures from chipmaker Nvidia (NASDAQ:... More

Apple (AAPL) is now the most under-owned large-cap US tech stock - Morgan Stanley

August 23, 2023 6:02 AM EDT

Exiting the second quarter of 2023, the level of under-ownership of mega-cap tech stocks by institutional investors remained relatively stable at -82 basis points (bps), according to Morgan Stanley analyst Erik Woodring.

In comparison, the rest of the large-cap tech sector saw a modest increase of +20 bps during the same period. Each quarter, Morgan Stanley tracks... More

NVIDIA (NVDA) August weekly 457 straddle into quarter results today after the bell

August 23, 2023 5:09 AM EDT

NVIDIA (NASDAQ: NVDA) August weekly 457 straddle is priced for a move of 12% into the expected release of quarter results today after the bell.

... More

NVIDIA (NVDA) calls more active than puts into quarter results

August 23, 2023 5:04 AM EDT

NVIDIA (NASDAQ: NVDA) August weekly call option implied volatility is at 153, September is at 72; compared to its 52-week range of 39 to 68 into expected release of quarter results after the bell on August 23. Call put ratio 1.6 calls to 1 put.

... More

NVIDIA (NVDA) PT Raised to $535 at New Street Research

August 23, 2023 5:04 AM EDT

New Street Research analyst Pierre Ferragu raised the price target on NVIDIA (NASDAQ: NVDA) to $535.00 (from $350.00) while maintaining a Buy rating.... More

Stocks expected to have increasing option volume: NVDA SNOW ADI GRAB BBWI WSM YMM

August 23, 2023 4:53 AM EDT

Stocks expected to have increasing option volume: NVDA SNOW ADI GRAB BBWI WSM YMM

... More

Stock market today: Dow ends lower on rout in retailers, rumble in regional banks

August 22, 2023 4:09 PM EDT

Investing.com -- The Dow closed lower Tuesday under pressure from regional banks and a tumble in retailers following disappointing quarterly results from Macys and Dicks Sporting Goods.

The Dow Jones Industrial Average fell 0.5%, 175 points, Nasdaq was flat, and the S&P 500 fell 0.3%. 

Macys, Dicks Sporting Goods deliver cautious guidance

Retail stocks fell more than 2%, pressured by a tumble in Macys and Dicks Sporting Goods as the duos outlook rattled investor sentiment.

Macys Inc (NYSE: M) fell more than 14% after the... More

Nvidia earnings, Snowflake, Kohl's reports: 3 things to watch

August 22, 2023 3:50 PM EDT

Investing.com -- Stocks gave back some of their gains on Tuesday amid a steady stream of retail earnings as investors await Friday's speech by Federal Reserve Chairman Jerome Powell.

While the market expects the Fed to pause on another interest rate hike when its policymakers meet in September, there are concerns the Fed still intends on another rate increase... More

NVIDIA (NVDA) call put ratio 1.5 calls to 1 put on 900K contracts into quarter results

August 22, 2023 3:12 PM EDT

NVIDIA (NASDAQ: NVDA) August weekly call option implied volatility is at 155, September is at 72; compared to its 52-week range of 39 to 68 into expected release of quarter results after the bell on August 23.

... More

Nvidia options show traders positioned for outsized share move after earnings

August 22, 2023 2:47 PM EDT

By Saqib Iqbal Ahmed

NEW YORK (Reuters) - Traders in the U.S. equity options market are expecting a larger-than-usual swing in Nvidia's shares following the chipmaker's quarterly results after the close on Wednesday, options market data showed.

Nvidia options imply a nearly 11% swing for the shares, in... More

VMware, Nvidia target businesses that want their own AI

August 22, 2023 12:33 PM EDT

By Stephen Nellis

(Reuters) - VMware Inc on Tuesday said it has developed a new set of software tools in partnership with Nvidia Corp aimed at businesses which want to develop generative artificial intelligence in their own data centers rather than the cloud.

VMware, which is close to being acquired by chip firm Broadcom Inc in a $69 billion deal, makes software that corporations use to run their privately owned data centers. For more... More

VMware (VMW) and NVIDIA (NVDA) Unlock Generative AI for Enterprises

August 22, 2023 12:31 PM EDT

VMware ExploreVMware, Inc. (NYSE: VMW) and NVIDIA (NASDAQ: NVDA) today announced the expansion of their strategic partnership to ready the hundreds of thousands of enterprises that run on VMwares cloud infrastructure for the era of generative AI.

VMware Private AI... More

NVIDIA (NVDA) AI-Ready Servers From World’s Leading System Manufacturers to Supercharge Generative AI for Enterprises

August 22, 2023 12:30 PM EDT

VMware Explore -- NVIDIA today announced the worlds leading system manufacturers will deliver AI-ready servers that support VMware Private AI Foundation with NVIDIA, announced separately today, to help companies customize and deploy generative AI applications using their proprietary business data.

NVIDIA AI-ready servers will include NVIDIA® L40S GPUs,... More

NVIDIA (NVDA) call put ratio 1.7 calls to 1 put as share price intraday trading range $458 to $481

August 22, 2023 10:35 AM EDT

NVIDIA (NASDAQ: NVDA) August weekly option implied volatility is at 149, September is at 72; compared to its 52-week range of 39 to 68 into the expected release of quarter results after the bell on August 23. Call put ratio 1.7 calls to 1 put as share price intraday trading range $458 to $481.

... More

Lowe's, Zoom, Microsoft rise premarket; Macy's, Dick's Sporting Goods fall

August 22, 2023 8:05 AM EDT

Investing.com -- U.S. futures traded higher Tuesday, continuing the previous sessions tech-led rally as investors digest more corporate earnings, particularly from the retail sector.

Here are some of the biggest premarket U.S. stock movers today:

Lowes (NYSE: LOW) stock rose 2.8% after the home improvement retailer posted a smaller-than-expected drop in quarterly comparable sales, helped by a boost from delayed spring season sales and sustained consumer spending on smaller... More

Arm files for IPO, Microsoft alters Activision deal - what's moving markets

August 22, 2023 7:18 AM EDT

Investing.com -- Chip designer Arm announces plans for a much-anticipated initial public offering, although the Softbank-owned group stops short of specifying its valuation. Elsewhere, tech stocks remain resilient in the face of surging bond yields as excitement for Nvidia's latest quarterly earnings report grows, while Microsoft restructures its mega-merger with Activision Blizzard to appease U.K. regulators.

1.  Arm files for Nasdaq IPO

Softbank-owned Arm released a preliminary prospectus for a Nasdaq listing, firing the starting gun on a long-awaited initial public offering that could be one of the biggest U.S. flotations in... More

Dow futures trade higher; Lowe's leads off more retail earnings

August 22, 2023 6:48 AM EDT

Investing.com -- U.S. stock futures edged higher Tuesday, as investors attempted to build on the momentum of the previous session ahead of more earnings from major retailers.

By 06:30 ET (10:30 GMT), the Dow Futures contract was up 80 points, or 0.2%, S&P 500 Futures traded 20 points, or 0.4%, higher and Nasdaq 100 Futures climbed 87 points, or 0.6%.

The main equities indices closed in a mixed fashion Monday, with the blue-chip Dow Jones Industrial Average dropping slightly, while the broad-based S&P 500 gained 0.7%.

The highlight, however, came from the tech-heavy Nasdaq Composite, which rose over 200 points, or 1.6%,... More

Nvidia drops from record high, tracking market fall; AI bets support outlook

August 22, 2023 6:37 AM EDT

By Medha Singh

(Reuters) - Nvidia shares fell from an all-time high on Tuesday, moving in line with the overall market sluggishness, but investors are still optimistic about quarterly results of the chip designer that has been the biggest beneficiary of a boom in artificial intelligence.

The S&P 500 and the Dow ended lower, while Nasdaq closed little changed.

The company's stock fell about 2.76%, after earlier hitting a record peak of $481.87 minutes after the market opened and crossing its previous high of $480.88 on July 14.

Rising bets that Nvidia's revenue target will once again surpass... More

European stocks higher; tech sector leads the way

August 22, 2023 6:37 AM EDT

Investing.com - European stock markets traded higher Tuesday with the tech sector leading the way, as investors await the U.S. Federal Reserves annual Jackson Hole gathering later in the week.

At 03:55 ET (07:55 GMT), the DAX index in Germany traded 0.9% higher, the CAC 40 in France climbed 1% and the FTSE 100 in the U.K. rose 0.3%.

Tech sector leads the way

The European tech sector has received a boost from gains on Wall Street overnight, with the Nasdaq Composite closed over 200 points, or... More

NVIDIA (NVDA) August weekly 470 straddle into quarter results

August 22, 2023 4:51 AM EDT

NVIDIA (NASDAQ: NVDA) August weekly 470 straddle is priced for a move of 11% into the expected release of quarter results after the bell on August 23.

... More