Nvidia is expected to announce strong Q4 2024 earnings, driven by high demand for GPUs in data centers and AI applications. Click to read.
In the bond market, Treasury yields sank again following the data on consumer spending and inflation. The yield on the 10-year Treasury fell to 4.20% from 4.26% late Thursday. It’s down sharply from last month, when it was approaching 4.80%, as worries have grown about where the U.S. economy is heading.
Technology stocks swooned on Thursday, pulled lower by a painful selloff for AI darling Nvidia Corp. Shares of Nvidia tumbled 8.5% Thursday for the company's worst postearnings drop since Nov. 16, 2018,
S&P 500 futures rise on in-line inflation data, but US stocks face worst week of 2025. Nvidia, Dell, and Alibaba stocks tumble on mixed market sentiment.
US stocks open up after strong, not stellar, Nvidia earnings curb enthusiasm. Trump's tariff talk also adds uncertainty. Inflation data due Friday.
The Nasdaq Composite (^IXIC) pared gains to finish the day up around 0.3%. The tech-heavy index had risen as much as 1% earlier in the session after consecutive sharp losses for the index. The benchmark S&P 500 (^GSPC) closed just above the flatline,
AI-fueled demand pushed Nvidia’s data center revenue to record highs, lifting full-year earnings as markets weigh its growth sustainability.