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Software stocks got pummeled this week after a cluster of troubling earnings reports – CNBC

Shares of cloud software vendor Salesforce plunged about 20% on Thursday, its biggest drop since 2004, after the company reported weaker-than-expected revenue and a disappointing earnings outlook. Chief Executive Marc Benioff said Salesforce grew rapidly during the pandemic as companies rushed to buy products for remote work, after which customers had to integrate and ultimately […]

Nvidia’s shares soar after blowout earnings as AI demand fuels chip sector rally

Nvidia rose 9% on Thursday as its strong earnings forecast boosted investor confidence in an AI-driven boom in chip demand, pushing up stocks across the semiconductor sector. Expectations for Nvidia were high, with its shares trading near all-time highs ahead of the earnings report, which also capped a strong quarter for U.S. tech giants including […]

Nvidia stock reaches all-time high after strong earnings, share split

Shares of chip maker Nvidia hit an all-time high on Thursday after the company reported better-than-expected first-quarter profits and announced a stock split. Nvidia was trading at about $1,051 a share just after 12:30 p.m. EDT Thursday, well above its previous high of about $950. The company reported Wednesday that revenue is expected to be […]

Nasdaq 100 futures rise after Nvidia posts quarterly earnings beat: Live updates – CNBC

31 minutes ago Stocks with the biggest price moves after the bell: Snowflake, VF Corp and more Some of the stocks whose prices changed after the close of trading are as follows: Snowflake — The cloud computing company’s stock rose more than 4%. First-quarter revenue exceeded market expectations, at $829 million, compared to market expectations […]

Stocks await Nvidia earnings, Target, Fedspeak: 3 Things – Yahoo Finance

Stocks (^DJI, ^IXIC, ^GSPC) are bracing for NVIDIA (NVDA) earnings to be released after market close, which could be the difference between winning and losing the market rally in May. Retailer Target (TGT) reported lower consumer discretionary spending, with first-quarter sales and profits slightly below expectations. Minutes of the Federal Reserve’s latest FOMC meeting will […]

New Study Calls into Question Whether DEI Programs Really Boost Corporate Earnings

The replication crisis strikes again. It’s safe to say that diversity, equity, and inclusion is one of the more controversial ideas of our time (and a multibillion-dollar industry). Some such as Elon Musk argue that DEI — which definitionally speaking means addressing structural inequalities in society — constitutes blatant racism. Others contend that DEI is simply about creating more […]

Palo Alto Networks tumbles on earnings again. It's another chance to buy – CNBC

Another earnings report saw Palo Alto Networks selling again in after-hours trading. However, as with the two announcements ahead of Monday night’s earnings call, we view the dip as a buying opportunity for long-term investors. The cybersecurity company’s third-quarter fiscal 2024 revenue rose 15% year over year to $1.985 billion, beating the LSEG consensus estimate […]