To get the latest market news, check out finance.yahoo.com Stocks plummeted on Thursday as tech sold off following Nvidia's (NVDA) latest earnings report while investors took stock of the economy amid President Trump's latest tariff pledges. The S&P 500 (^GSPC) fell more than 1.6%, while the tech-heavy Nasdaq Composite (^IXIC) dropped 2.8%.
On the heels of Nvidia's (Nasdaq: NVDA) Q4 earnings beat, technology stocks have turned negative, including a nearly 1% drop in the Nasdaq Composite in a tariff-related sell-off.
US stocks were tipped to start higher on Thursday, helped by a positive premarket pivot from Nvidia Corp (NASDAQ:NVDA) as investors continued to chew over its overnight earnings release. As a result of the chipmaker's 2.5% premarket gain, futures were indicating the Nasdaq 100 would rise 0.8%, with S&P 500 futures up 0.7% and those for the Dow Jones up 0.3%.
U.S. stocks traded mostly higher midway through trading, with the Nasdaq Composite gaining around 150 points on Wednesday.
Nasdaq rallies as chip stocks surge ahead of Nvidia earnings. Can AI demand boost tech stocks today?
In today's markets, Nvidia's (Nasdaq: NVDA) quarterly earnings are being billed as a market event, not just earnings as usual.
Lowe's jumps on strong earnings while Nvidia's post-close results could steer US stocks. Dow futures up, S&P 500 eyes a rebound.
Super Micro Computer Inc. SMCI just dodged a major bullet, and Wall Street is cheering.
US stocks are expected to bounce back on Wednesday after a mixed session the day before. Futures for the S&P 500 were up 0.5% ahead of the opening bell, with the tech-powered Nasdaq seen up 0.7% and Dow Jones futures up 0.25%.
Super Micro Computer, Inc. has regained NASDAQ compliance, causing a 20% stock surge; yet, it remains undervalued, with significant growth potential in AI datacenter builds. The company's focus on next-gen data centers with liquid cooling and strong partnership with Nvidia positions it for substantial future revenue growth. SMCI's ambitious Supermicro 4.0 initiative aims to drastically reduce data center build times, boosting operational efficiency and revenue targets.
The Nasdaq Composite tumbled 5% from its record high in the past week as investors were hit with worrisome economic data, including the worst consumer sentiment reading in 15 months. However, certain Wall Street analysts still think monster gains are possible in the next year for Arm Holdings (ARM -2.73%) and Axon Enterprise (AXON -0.62%).
The CNN Money Fear and Greed index showed a decline in the overall market sentiment, while the index moved to the “Extreme Fear” zone on Tuesday.