Stocks Poised to Fall Monday

U.S. stocks are poised for a slightly lower open on Monday ahead of another busy week of earnings and the Federal Reserve’s latest decision on interest rates on Wednesday. At 6:22 p.m. Eastern time Sunday night, Dow Jones Industrial Average futures were down 39 points, or 0.1%, while the S&P 500 futures were down 0.2%, … Read more

Nvidia stock fall after U.S. moves to restrict its data-center sales in China

Nvidia Corp. shares fell in extended trading Wednesday after the graphics-chip specialist disclosed that the U.S. government is seeking to restrict its data-center business in China. In a filing with the Securities and Exchange Commission, Nvidia NVDA, -2.42% revealed that the U.S. has installed new license requirements for its A100 and forthcoming H100 integrated circuits … Read more

Okta stock plunges as CEO says ‘short-term challenges’ resulted in workers leaving at a higher rate

Okta Inc. shares plummeted in extended trading Wednesday after executives revealed the software company faced issues stemming from integration of the $6.5 billion acquisition of Auth0. Okta OKTA, +0.26% executives hiked their annual earnings outlook again Wednesday, but kept their target for full-year revenue the same. Todd McKinnon, chief executive and co-founder of Okta, told … Read more

Cloudflare stock rallies 20% following earnings beat, raised revenue outlook

Cloudflare Inc. shares surged in the extended session Thursday after the cybersecurity company reported results that topped Wall Street expectations and hiked its revenue outlook for the year. Cloudflare  NET, +0.12% shares rallied about 21% after hours, following a 0.1% advance in the regular session to close at $58.43. The company reported a second-quarter loss … Read more

IBM Earnings Beat Estimates. The CEO Says Tech Demand Remains Strong.

IBM has restructured to focus on software and services tied to hybrid cloud computing and artificial intelligence. David Paul Morris/Bloomberg Text size IBM kicked off tech earnings season with better-than-expected quarterly results, despite headwinds from the strong dollar. For the second quarter, IBM (ticker: IBM) posted revenue of $15.5 billion, up 9% from a year … Read more

The Most Valuable Business on Earth Could Be Hiding Inside Amazon

Text size Amazon has created what is arguably one of the world’s best growth businesses. Thomas Samson/AFP via Getty Images Amazon Web Services just might be the most valuable business on Earth. And the most undervalued. Clearly, the optimistic view of the long-term potential of AWS isn’t reflected in the current valuation for Amazon.com stock … Read more

DocuSign Stock Tumbles on Cut to Outlook

Text size DocuSign reported fiscal first-quarter earnings well below Wall Street’s estimate. Tiffany Hagler-Geard/Bloomberg DocuSign (ticker: DOCU) shares are sharply lower in late trading Thursday after the e-signature company cut its guidance for the January 2023 fiscal year. DocuSign ’s business thrived during the pandemic, but has been slowing for the last couple of quarters. … Read more

Snowflake stock slides after earnings as company says macro issues are impacting some customer activity

Shares of Snowflake Inc. tumbled in after-hours trading Wednesday after the software company delivered a forecast for the current quarter that came in below expectations at the midpoint and acknowledged that some customers have consumed less than expected due to macroeconomic factors. The company posted a fiscal first-quarter net loss of $166 million, or 53 … Read more

Nvidia Reports Earnings Today. What to Expect.

Text size Nvidia recently said it was slowing down the pace of its hiring. Dreamstime Nvidia reports earnings after the close on Wednesday. While some analysts have expressed concerns over how weakness in the tech sector could impact the semiconductor maker, one analyst believes there may yet be a silver lining. Demand for data centers … Read more

Chevron, Micron and 18 More Stocks Goldman Recommends to Ride Out the Storm

Text size Qualcomm is one of the 20 stocks on Goldman Sachs’ ‘margin of safety’ list. Pau Barrena /AFP via Getty Images Exxon Mobil , Qualcomm , Micron and Chevron are just some of the 20 “margin of safety” stocks Goldman Sachs recommends as macroeconomic and geopolitical headwinds have roiled U.S. stocks markets. The Russian … Read more