NVIDIA stock rises
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The chip design software firm says it has received notice from the U.S. Commerce Department restricting its sales in China.
Nvidia's results were much better than they might seem at first glance. Both the top and bottom lines were hurt by new U.S. government export controls on the company's H20 chip, which it had specifically designed for the Chinese market to comply with the government's second round of advanced AI chip export controls.
Caleres, Inc. (NYSE:CAL) shares are trading lower after the company reported first-quarter FY25 results. Revenues fell 6.8% year over year (Y/Y) to $614.2 million, missing the analyst consensus of $622.
HP stock dropped on Thursday after the computer-products company cut its financial outlook the day before as tariffs raise costs and uncertainty looms. HP reported disappointing second-quarter earnings after the stock market closed on Wednesday.
Shares of Boeing jumped Thursday after CEO Kelly Ortberg said that aircraft deliveries to China will start again next month.
Can Nvidia Stock Hit New Heights? CEO Jensen Huang Just Provided Clear and Compelling Evidence That the Answer Is "Yes." The chipmaker just answered bears who feared the company's growth streak had stalled.
HP dived as much as 15% in extended trading on Wednesday after reporting second-quarter earnings that were hit hard by tariffs.
Shares of semiconductor software companies sank, weighed down by a report that they had been caught up in the Trump administration’s efforts to hamstring China’s ability to develop sophisticated artificial intelligence.