Tuesday's Markets | |
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S&P 500 5,917 (+0.4%) | |
Nasdaq 18,966 (-0.11%) | |
Dow 43,269 (-0.28%) | |
Bitcoin 94,456 (+2.27%) |
Source: Image created by Jester AI.
Nvidia (NVDA -0.76%) delivered an eighth consecutive quarter that beat expectations, but the lofty bar set by investors meant the stock fell ahead of market open, albeit not nearly as much as we saw after Q2 results. Given the stock is up almost 200% in 12 months, a little profit-taking isn't too surprising.
Snowflake (SNOW -0.86%) is up close to 20% in pre-market trading after beating expectations for earnings and giving an upbeat outlook relating to AI integration. This move would recover almost all its losses over the past year, though it still ended yesterday nearly 50% down since its IPO.
The Ministry of Finance in China issued $2 billion in sovereign debt in Saudi Arabia for the first time ever, with the issuance being 19.9x oversubscribed by investors.
Intuit (INTU 1.00%) will report after the closing bell, with the shares up over 11x since it was first recommended in Stock Advisor 12 years ago, almost to the day.
At the market close on Wednesday, Nvidia's market capitalization was $3.58 trillion, the largest market cap for any publicly traded company. Rounding out the top 5 companies in terms of market cap: Apple ($3.46 trillion), Microsoft ($3.10 trillion), Alphabet ($2.16 trillion), and Amazon ($2.13 trillion). Which company will be the first to reach $10 trillion dollars in market cap? Debate with friends and family, or become a member to hear what your fellow Fools are saying!
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