2024-11-18 13:29:08
Stocks
Finance
Market Dynamics Shift Amid Nvidia and Tesla Developments
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The Street
Stocks trade lower. Movers: American Airlines, Cisco, Disney, more TheStreet Daily Newsletter
Finance
Economy
Technology
Stocks declined, with the Russell 2000 down 1.1%. Cisco's revenue fell but it beat earnings and raised guidance, citing strong AI orders. Disney reported better-than-expected Q4 earnings and projected high single-digit adjusted earnings growth for fiscal 2025, with double-digit gains anticipated in 2026 and 2027. American Airlines was upgraded, with Barclays citing improving fundamentals, balance sheet, and business travel share, as well as upcoming labor contract renegotiations and co-branded..
The Street
Nvidia earnings on deck as AI kingpin tightens grip on $1 trillion market TheStreet Daily Newsletter
Technology
Economy
Finance
Nvidia, the $3.65 trillion AI chip leader with 80% market share, faces supply chain challenges to meet "insane" demand for its new Blackwell chips, which are 2.5x faster than legacy H100 chips for training AI models and 5x faster for running them. Nvidia's Blackwell chips cost $60,000-$70,000 per unit, with prices reaching $3 million for a fully loaded server. Nvidia's chip architecture allows for stacking and interlocking of chips based on client needs, and its Blackwell chips are backward-co..
The Street
Nvidia results will rock markets TheStreet Daily Newsletter
Technology
Finance
Economy
Nvidia NVDA, expected to report 74 cents per share in earnings, up 85% year-over-year, with revenue jumping 81.1% to $32.8 billion. Zacks sees Nvidia's market dominance in high-end AI chips driving massive growth. Apple (AAPL), with a market cap of $3.40 trillion, underperformed the "Magnificent 7" stocks, up only 16.9% this year. Walmart (WMT), Lowe's (LOW), and Medtronic (MDT) also report earnings this week. TJX, Palo Alto Networks (PANW), and Target (TGT) are also set to report. Intuit (INT..
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