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HP Sinks on Profit Outlook, AI Race Heats Up for Nvidia

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Manage episode 521229305 series 3654950
Content provided by iHeartPodcasts. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by iHeartPodcasts or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

On this episode of stock movers,

  • Nvidia (NVDA) shares ended the day at the lowest level since Sept. 25 as Alphabet (GOOGL) rises on news Meta is in talks to spend billions on Google’s AI chips, the Information reported, adding to a monthslong share rally as the search giant has made the case it can rival Nvidia Corp. as a leader in artificial intelligence technology.
  • HP (HPQ) shares sink afterhours after the PC and printer maker gave a profit outlook for current year that fell short of estimates and the company said it will cut 4,000 to 6,000 employees through fiscal 2028 by using more AI tools.
  • Urban Outfitters (URBN) shares surged in post market trading Tuesday after the apparel company reported net sales for the third quarter that beat the average analyst estimate.

See omnystudio.com/listener for privacy information.

  continue reading

1290 episodes

Artwork
iconShare
 
Manage episode 521229305 series 3654950
Content provided by iHeartPodcasts. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by iHeartPodcasts or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

On this episode of stock movers,

  • Nvidia (NVDA) shares ended the day at the lowest level since Sept. 25 as Alphabet (GOOGL) rises on news Meta is in talks to spend billions on Google’s AI chips, the Information reported, adding to a monthslong share rally as the search giant has made the case it can rival Nvidia Corp. as a leader in artificial intelligence technology.
  • HP (HPQ) shares sink afterhours after the PC and printer maker gave a profit outlook for current year that fell short of estimates and the company said it will cut 4,000 to 6,000 employees through fiscal 2028 by using more AI tools.
  • Urban Outfitters (URBN) shares surged in post market trading Tuesday after the apparel company reported net sales for the third quarter that beat the average analyst estimate.

See omnystudio.com/listener for privacy information.

  continue reading

1290 episodes

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