Nvidia investors should expect a slow, methodical China recovery and not a near-term sales spike. Earlier this month, the company announced plans to resume sales of H20 chips to China . The less-advanced semiconductors, built on its Hopper architecture, are designed for artificial intelligence computing, but remain compliant with U.S. export restrictions to China. However, a report in The Information suggested Nvidia is facing production delays in restarting H20 shipments to China. The report flags logistical setbacks, but Nvidia has already outlined a similiar timeline , indicating that revenue from these chips will likely be negligible until at least the…
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Traders work on the floor of the New York Stock Exchange (NYSE) on July 07, 2025, in New York City.Spencer Platt | Getty Images News | Getty ImagesIt’s a new day, and meme traders have found more stocks to put on the pedestal.Reddit-obsessed retail traders targeted wearable camera firm GoPro and donut maker Krispy Kreme on Wednesday, pushing shares up 63% and 33%, respectively, in premarket trading. The cohort seemed to have already ditched their old love OpenDoor, whose shares fell another 9% following a wild speculative run.Stock Chart IconStock chart iconGoPro shares one-day chartMuch like OpenDoor, GoPro is also…
AI-powered Dynatrace is a turnaround story that’s building on a strong start to the current fiscal year that ends next March, according to Guggenheim Securities. Analysts led by Howard Ma upgraded shares to buy from neutral and introduced a $66 price target. That implies the stock — down this year but ahead nearly 20% in the past three months — could gain another 25.5% over the next 12 months. Dynatrace, a Boston-based developer of software intelligence platforms, is scheduled to report fiscal first-quarter results on July 30, according to FactSet data. Ma’s upgrade is “based on increased confidence that key…
Nisian Hughes | Getty ImagesUber announced a new feature Wednesday that pairs women drivers and riders, in its latest move to address safety on the ride-hailing platform.The new tool, which the platform will begin piloting next month in the U.S., allows women passengers to match with women drivers when booking or pre-booking rides, and create a preference in their app settings. Women drivers can also choose to drive women.”It’s about giving women more choice, more control, and more comfort when they ride and drive,” said Camiel Irving, Uber’s vice president of U.S. and Canada operations, in a release.The company said…
Christina Cacioppo, co-founder and CEO of Vanta, speaks at the TechCrunch Disrupt conference in San Francisco on Oct. 29, 2024.David Paul Morris | Bloomberg | Getty ImagesVanta, a startup with software for managing compliance with cybersecurity and privacy standards, said Wednesday that it closed its latest fundraising round at a roughly $4 billion valuation.The $150 million round, which included funding from CrowdStrike’s venture arm, represents a valuation increase from $2.45 billion last year.The jump reflects continued corporate investment in tools designed to limit fallout from cyberattacks. In recent days Microsoft rolled out updates to its SharePoint collaboration software after Chinese…
Check out the companies making headlines before the opening bell. Hilton Worldwide — The hotel stock slipped nearly 2% despite Hilton posting a second-quarter earnings and revenue beat. Hilton reported adjusted earnings of $2.20 per share on revenue of $3.14 billion, while analysts polled by LSEG had expected earnings of $2.04 and $3.10 billion in revenue. The company also raised its full-year earnings guidance to between $7.83 to $8.00 per share, versus its prior range of between $7.76 and $7.94. Hasbro — Shares traded 3% higher in the premarket after the toymaker reported second-quarter results that beat analyst expectations. The…
Here are Wednesday’s biggest calls on Wall Street: Seaport upgrades Toll Brothers to buy from neutral Seaport said it’s getting more constructive on the homebuilder. “Have the Builders priced in known bad news enough – falling margins, orders, FY26 units – to warrant a more constructive posture? We think so, and upgrade Taylor Morrison and Toll Brothers to Buy.” Rothschild & Co Redburn reiterates Nvidia as buy The firm said earnings visibility is improving. ” Nvidia is back to playing offense and recent sovereign investment deals improve earnings visibility. We raise our FY26-28 estimates between 1% and 5% and raise…
A screen displays the the company logo for Goldman Sachs on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., May 7, 2025. Brendan McDermid | ReutersGoldman Sachs and Bank of New York Mellon are set to announce that they’ve created the ability for institutional investors to purchase tokenized money market funds, CNBC has learned.Clients of BNY, the world’s largest custody bank, will be able to invest in money market funds whose ownership will be recorded on Goldman’s blockchain platform, according to executives of the two firms.The project has already signed up fund titans including…
Facebook and Instagram icons are seen displayed on an iPhone.Jakub Porzycki | Nurphoto | Getty ImagesMeta on Wednesday introduced new safety features for teen users, including enhanced direct messaging protections to prevent “exploitative content.”Teens will now see more information about who they’re chatting with, like when the Instagram account was created and other safety tips, to spot potential scammers. Teens will also be able to block and report accounts in a single action.”In June alone, they blocked accounts 1 million times and reported another 1 million after seeing a Safety Notice,” the company said in a release.This policy is part…
A completed planned development is seen in Ashburn, Virginia, on Aug. 14, 2024.Andrew Caballero-Reynolds | AFP | Getty ImagesMortgage rates rose last week to the highest level in four weeks, but mortgage demand didn’t really move. Total mortgage application volume increased 0.8% last week from the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index.The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances, $806,500 or less, increased to 6.84% from 6.82%, with points remaining unchanged at 0.62, including the origination fee, for loans with a 20% down payment.Applications to refinance a home loan, which…
