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NVDA

Nvidia's revenue in China remains strong despite US export controls, with significant contributions from data center sales. The company expects continued competition in the Chinese market. Nvidia's second-quarter revenue exceeded expectations, but gross margins narrowed. Nvidia shares fell 6.89% in after-hours trading.

Portfolio Pulse from Ananya Gairola

August 29, 2024 | 4:52 am

EWA

Australia's private new capital expenditure for Q2 fell by 2.2%, missing the estimated growth of 0.9% and down from a revised 1.9% in the previous quarter. This decline may impact ETFs with exposure to the Australian market, such as EWA.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2024 | 4:45 am

NVDA

Nvidia is poised to capitalize on a $1 trillion opportunity as data centers transition to accelerated computing and generative AI. The company reported strong Q2 financials and announced a $50 billion stock repurchase. Despite a recent stock decline, experts remain optimistic about Nvidia's future.

Portfolio Pulse from Benzinga Neuro

August 29, 2024 | 3:49 am

CMG

SBUX

Chipotle Mexican Grill has expedited its CFO transition following CEO Brian Niccol's move to Starbucks. Adam Rymer will take over as CFO on Oct. 1, earlier than planned. The transition comes amid leadership changes and scrutiny from the NLRB over labor issues. Despite challenges, some experts see Chipotle as a strong investment opportunity.

Portfolio Pulse from Benzinga Neuro

August 29, 2024 | 3:23 am

AFRM

CRWD

IREN

NVDA

TSLA

On Wednesday, major U.S. stock indices closed lower, with notable declines in Nvidia, Affirm Holdings, CrowdStrike, Iris Energy, and Tesla. Nvidia reported strong earnings but saw a significant after-hours drop. Affirm and CrowdStrike reported strong earnings, while Iris Energy posted record Bitcoin mining revenue. Tesla shares fell amid a major investor's sell-off.

Portfolio Pulse from Benzinga Neuro

August 29, 2024 | 3:00 am

NVDA

Bitcoin remained stable while Ethereum and Dogecoin saw gains despite a decline in stock markets following Nvidia's Q2 earnings report. Nvidia's stock fell 2.1% despite strong earnings, impacting major indices. Meanwhile, Bitcoin accumulation by large holders continues, and Ethereum shows bullish signs against Bitcoin.

Portfolio Pulse from Aniket Verma

August 29, 2024 | 2:43 am

NVDA

Nvidia announced modifications to its Blackwell GPU mask to improve production yields, with shipments set for Q4. Despite exceeding revenue expectations, Nvidia's stock fell due to a perceived delay in Blackwell shipments.

Portfolio Pulse from Ananya Gairola

August 29, 2024 | 2:18 am

NVDA

Gene Munster from Deepwater Asset Management discusses Nvidia's earnings and the transformative potential of AI, suggesting that AI's impact will surpass the internet. Despite a recent stock dip, Munster remains confident in Nvidia's upward trajectory, citing AI's long-term growth potential.

Portfolio Pulse from Benzinga Neuro

August 29, 2024 | 2:09 am

NVDA

The article discusses the valuation of Nvidia and Bitcoin, focusing on Nvidia's high P/E ratio and Bitcoin's NVT ratio. Nvidia's stock has risen 160% year-to-date, with a P/E ratio of 73.478, indicating it may be overpriced. Bitcoin's NVT ratio suggests potential accumulation opportunities.

Portfolio Pulse from Aniket Verma

August 29, 2024 | 1:35 am

NVDA

Jim Cramer commented on Nvidia's recent stock price drop despite strong Q2 earnings, attributing it to misunderstandings by some investors. Nvidia's revenue more than doubled, and it announced a $50 billion stock repurchase. The company remains optimistic about future growth.

Portfolio Pulse from Benzinga Neuro

August 29, 2024 | 12:25 am