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.
To get the latest market news check out finance.yahoo.com Super Micro Computer (SMCI) stock jumped more than 13% late Tuesday morning. The surge extends the AI server maker's weeklong rally, with shares having gained nearly 30% over the past five days.
To get the latest market news check out finance.yahoo.com Retail sales booked their biggest monthly drop in a year, down 0.9% in January — significantly below the 0.2% expected. The report out Friday wrapped up a week of key data, with inflation top of mind after two hot readings dragged on hopes for interest rate cuts.
To get the latest market news, check out finance.yahoo.com US stocks sold off into the close on Monday as investors weighed the prospects of President Donald Trump's tariff policies and also shifted focus to this week's Nvidia (NVDA) earnings. The Dow Jones Industrial Average (^DJI) was little changed on the heels of its worst week since October.
Super Micro shares jumped in extended trading after reporting its financials for the latest fiscal year. The stock slid during regular market hours as the Nasdaq's reporting deadline approached.