Thursday's Big Stock Stories: What's Likely to Move the Market in the Next Trading Session
CoreWeave shares soared on the back of its earnings report, reviving the tech trade and lifting the Nasdaq Composite on Wednesday.
TL;DR
- Nvidia shares fell 8% in extended trading after The New York Times reported CEO Jensen Huang had an extramarital affair, and The Wall Street Journal reported the board may oust him.
- Nvidia stock is down 20% in the past week and 30% from its Oct. 6 high.
- Jim Cramer advised investors to stay diversified but cautioned against abandoning data centers entirely.
- Nebius, a neoclouder, is set to report earnings before the bell, with its stock down 50% from its June high despite a recent 15% jump.
- Apple shares reached a new high, up 46% from their January low, with strong fundamentals and Chinese regulatory approval for Apple Intelligence on iPads and Macs.
- Data indicates longer wait times for the foldable iPhone Duo, and Apple stock trades at 39 times earnings, above the average analyst price target.
- Cisco Systems, down 16% in three months, and Applied Materials, down almost 25% in three months, will report after the bell.
- Cerebras shares are down 57% in three months and 74% from their May high, but were up nearly 8% on Wednesday.
- Burberry, a high fashion company, is also reporting earnings Thursday morning, with its stock down 28% from its January high.