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Nvidia stock tumbled in 2022, and as shares of the chip maker slid into the red early in the year, CEO Jensen Huang stopped selling. Nvidia stock (ticker: NVDA) lost half its market value in 2022. In mid-February, Nvidia reported a strong fiscal fourth quarter. “We are seeing exceptional demand for Nvidia computing platforms,” Huang … Read more
Chip stocks were down early Thursday after Micron Technology reported weak results and said demand for semiconductors had softened. Nvidia (ticker: NVDA) declined 0.7% in premarket trading. Advanced Micro Devices (AMD) fell 1% and Qualcomm (QCOM) slipped 0.6%. Micron (MU) retreated almost 3% after reporting earnings late Wednesday.
Nvidia Corp.’s financial results had a bit of a surprise for investors, and not on the good side — product inventories doubled to a record high as the chip company gears up for a questionable holiday season. Nvidia reported fiscal third-quarter revenue that was slightly better than analysts’ reduced expectations Wednesday, but the numbers weren’t … Read more
The S&P 500 may be down by 21% this year, but tax laws could give some underperforming stocks a bounce later in 2022, according to a report from Bank of America. Tax-loss harvesting has become a more common strategy since the passing of the Tax Reform Act of 1986, BofA said in the report, “This … Read more
It’s a bad dream that slowly turned into a nightmare. And this nightmare doesn’t seem to want to end. The year 2022 has been a painful journey for semiconductor manufacturers. Following the example of AMD (AMD) , Nvidia (NVDA) and Intel (INTC) , which are the three main players in the sector, 2022 is a … Read more
Dogged by competitive and macroeconomic threats, Meta Platforms Inc. is sinking down the ranks of the largest U.S. companies. After a 9.4% daily slide in its stock, Meta META, -9.37% ranked 10th by market value as of Tuesday’s close, falling below Visa Inc. V, -3.37% for the first time since the start of August. Meta, … Read more
Text size Stocks sank as Jerome Powell gave a short and clear message that rates will stay high for some time. Michael Nagle/Bloomberg Jackson Hole has come and gone, and the only surprise may be that the stock market was surprised. But surprised it was. The stock market began this past week on its back … Read more
Text size Numerous technology and retail companies will report their latest quarterly results this week. Federal Reserve watchers will be tuning into the central bank’s annual confab in Jackson Hole, Wyo., at the end of the week. Zoom Video Communications will be Monday’s earnings highlight, followed by results from Nvidia , Advance Auto Parts , … Read more
Text size Numerous technology and retail companies will report their latest quarterly results this week. Federal Reserve watchers will be tuning into the central bank’s annual confab in Jackson Hole, Wyo., at the end of the week. Zoom Video Communications will be Monday’s earnings highlight, followed by results from Nvidia , Advance Auto Parts , … Read more
Text size Nvidia has had a 4.7% tax rate and average pretax profit of $4.8 billion. Here, a cryptocurrency mining rig is equipped with Nvidia Geforce GPU at the Thailand Crypto Expo 2022. Andre Malerba/Bloomberg Democrats proposed lifting the corporate tax rate to help fund their climate and healthcare package, and if the tax remains part … Read more