Nvidia CEO Jensen Huang speaks to the media at a hotel in Beijing, China July 16, 2025. Alessandro Diviggiano | ReutersNvidia on Tuesday rejected Chinese accusations that its data center GPUs for artificial intelligence include a hardware function that could remotely deactivate the chips, which is commonly called a “kill switch.””NVIDIA GPUs do not and should not have kill switches and backdoors,” wrote Nvidia’s Chief Security Officer David Reber in a blog post on Tuesday.The blog post comes after the Cyberspace Administration of China said last week that it needed Nvidia to provide documents about what it called security vulnerabilities…
Author: usaeverydaylife
Check out some of the companies making the biggest moves midday: Staar Surgical — The implantable eye lens maker ripped 45% higher after agreeing to be bought by Alcon for $28 per share in cash, valuing Staar at about $1.5 billion. The deal is expected to close in the next six to 12 months. DigitalOcean — The software stock rallied 27% on better-than-expected second-quarter results. DigitalOcean also raised its full-year revenue and earnings guidance. Coinbase — The crypto exchange dropped more than 5% after selling $2 billion in convertible senior bonds. Lattice Semiconductor — The semiconductor maker surged 9.5% after…
Analysts on Wall Street think Advanced Micro Devices is well-positioned heading into second-quarter results late Tuesday. Investment banks from Bank of America to Wells Fargo to UBS point to rising demand from both data center expansion as well as AMD’s core graphic and central processing unit business as likely catalysts for the Santa Clara, Calif.-based chipmaker to surpass Wall Street estimates. Melius Research also noted that a resumption of shipments to China could serve as an additional tailwind. AMD is slated to report results after the stock market closes on Tuesday. Analysts polled by FactSet forecast earnings per share of…
Coterra Energy’s second-quarter results beat expectations on the top and bottom lines, sending shares modestly higher Tuesday. Still, the report and conference call weren’t enough for us to warm up to this poorly performing stock. Revenue in the three months ended June 30 totaled $1.97 billion, ahead of the $1.7 billion consensus, according to LSEG. Adjusted earnings per share (EPS) came in at 48 cents, topping estimates by 3 cents, LSEG data showed. Shares of Coterra are up about 0.5% Tuesday, overcoming earlier losses of roughly 2%. The stock entered the session down 6.3% year to date, trailing both the…
Elon Musk, during a news conference with President Donald Trump, inside the Oval Office at the White House in Washington on May 30, 2025.Tom Brenner | The Washington Post | Getty ImagesThe Trump administration plans as soon as Tuesday to formally axe a program launched by billionaire former Trump adviser Elon Musk requiring federal employees to summarize their five workplace achievements from the prior week, two people familiar with the matter said.The Office of Personnel Management, the federal human resources agency that implemented Musk’s push to slash the federal workforce, plans to announce the end of the “five things” email…
The Coinbase logo is reflected on a cellphone screen in London, England, on Nov. 9, 2021.Leon Neal | Getty Images News | Getty ImagesCoinbase shares slid on Tuesday after the company announced a $2 billion private offering of convertible senior notes.Shares were last down more than 5%. The decline occurred as investors adopted a risk-off stance on Tuesday and the three major averages declined.Stock Chart IconStock chart iconCoinbase shares over the past monthCoinbase is now off more than 30% from its all-time high of $444.65, reached on July 18. Shares popped in mid-July as legislators voted on a series of…
DuPont reported a solid quarter Tuesday morning, and the Club stock initially popped. Shares then pared their early gains as the broader market moved lower. In our view, the price action represented a buying opportunity because we basically got to see this great quarter for free ahead of further upside into the coming spin-off of the electronics business. We bought 100 more shares as indicated in our earlier trade alert . Here is how the quarter stacked up. Net sales rose a little under 3% year over year to $3.26 billion, topping estimates of $3.24 billion, according to LSEG. Adjusted…
Despite delivering a solid earnings beat, American Express (AXP) has slid 9% over the past month. On July 18, the company reported stronger-than-expected EPS and revenue, outperforming analyst estimates across the board. The stock initially began to recover after the report, but got caught up in the broader market sell-off triggered by Friday’s disappointing labor data and the downward revisions to May and June jobs numbers. That said, Monday’s bounce didn’t look like your typical dead cat rally — and many names, including AXP, are showing signs of real strength as the market shakes off that knee-jerk reaction. All of…
Companies are trouncing expectations this earnings season, but investors are mostly turning a deaf ear. The S & P 500 is on track for earnings growth of 9% in the second quarter versus the same period a year ago, more than double the 4% that was at the start at the end of June, according to a Friday report from Goldman Sachs. Even so, the response has been middling, at best. Goldman Sachs found that the median stock whose earnings topped expectations has only outperformed the S & P 500 by 0.55 percentage point, below the historical median of 1.01…
Rick Smith, CEO of Axon Enterprises.Adam Jeffery | CNBCAxon Enterprise’s stock popped 14% after the TASER maker surpassed Wall Street’s estimates and boosted its guidance due to robust demand for its security solutions.”Demand for new technology from our customers is accelerating, and it’s outpacing even my most optimistic expectations,” said CEO Rick Smith on an earnings call with analysts. “There’s now one breakout product driving conversations. It’s everything.”The security solutions company also hiked guidance for the year, saying it now expects revenues of $2.65 billion to $2.73 billion. That’s up from prior revenue guidance of $2.60 billion to $2.70 billion.Revenues for the period jumped 33% from a year ago to about $668.5 million and…
