Streetbeat News

Earnings

NVDA

Nvidia's Q2 results exceeded expectations with strong data center performance and a $50 billion stock repurchase plan. Despite this, shares fell 3.6% in after-hours trading. Analysts have mixed reactions, with many seeing the dip as a buying opportunity due to Nvidia's promising AI and data center future.

Portfolio Pulse from Surbhi Jain

August 29, 2024 | 3:39 pm

GPS

Gap shares rise as the company reports better-than-expected Q2 financial results and raises its FY24 outlook.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2024 | 3:36 pm

DLO

DLocal shares surged following the announcement of better-than-expected Q2 EPS results.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2024 | 3:30 pm

GPS

Gap Inc. has raised its financial outlook for fiscal year 2024, expecting gross margin to increase by 150 to 200 basis points and operating income growth to rise from the mid-40% range to the mid to high 50% range.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2024 | 3:22 pm

NVDA

PLTR

Palantir Technologies was recognized as a leader in AI and ML platforms by Forrester, boosting its stock. Despite a dip following Nvidia's earnings, Palantir shares rose 4.27%. Nvidia's earnings beat estimates but showed margin decline, affecting AI stocks.

Portfolio Pulse from Adam Eckert

August 29, 2024 | 3:22 pm

GPS

Gap Inc. reaffirms its fiscal 2024 outlook, expecting slight net sales growth and improved gross margin and operating income compared to previous expectations. The company maintains its operating expense and capital expenditure forecasts amid an uncertain macro environment.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2024 | 3:20 pm

GPS

Gap Inc. (NYSE:GPS) reported strong Q2 earnings, with EPS of $0.54 beating estimates by 35% and sales of $3.72 billion surpassing expectations by 2.48%. This marks a significant improvement from the previous year.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2024 | 3:16 pm

IREN

Iris Energy Limited (NASDAQ:IREN) shares surged after reporting strong fiscal-year 2024 results, with Bitcoin mining revenue increasing to $184.1 million. The company aims to achieve a 50 EH/s hash rate by 2025. Analysts have mixed price targets, with Canaccord Genuity maintaining a $15 target and HC Wainwright lowering it to $13.

Portfolio Pulse from Erica Kollmann

August 29, 2024 | 3:14 pm

LRCX

The article provides an analysis of Lam Research (NASDAQ:LRCX) compared to its competitors in the Semiconductors & Semiconductor Equipment industry. Lam Research shows strong financial performance with a lower P/E ratio, high ROE, EBITDA, and revenue growth compared to industry averages. It also has a favorable debt-to-equity ratio, indicating less reliance on debt financing.

Portfolio Pulse from Benzinga Insights

August 29, 2024 | 3:00 pm

MU

SMH

Micron Technology Inc (MU) shares rose by 2% as investors anticipate increased demand for memory chips due to Nvidia's strong performance in AI and data centers. Despite Nvidia's stock falling 4% after earnings, the positive outlook for AI could benefit Micron. The VanEck Semiconductor ETF (SMH) also saw a slight increase.

Portfolio Pulse from Henry Khederian

August 29, 2024 | 2:58 pm