Laura Bratton

1 week ago | ca.finance.yahoo.com | Laura Bratton

Big Tech stocks pared gains after a brief spike Thursday morning following a US trade court ruling Wednesday that the vast majority of Trump’s global tariffs are illegal. Apple (AAPL) and Google (GOOG) dipped 0.2% to end Thursday's trading session. Amazon (AMZN), Meta (META), and Microsoft (MSFT) rose less than 0.5%. Read more about Big Tech stock moves and today's market action.

1 week ago | aol.com | Laura Bratton

Big Tech stocks pared gains after a brief spike Thursday morning following a US trade court ruled Wednesday that the vast majority of Trump’s global tariffs are illegal. Apple (AAPL) traded 0.1% lower midday while Google (GOOG) dipped 0.3%. Amazon (AMZN), Meta (META) and Microsoft (MSFT) were all up less than 1%. Stocks lost steam as Wall Street analysts called into question how much the court ruling would actually affect the Trump administration's trade agenda.

1 week ago | ca.finance.yahoo.com | Laura Bratton

Nvidia (NVDA) said it lost $2.5 billion in revenue from China during its fiscal first quarter and projected an additional $8 billion loss in the second quarter. Nvidia also said it took a $4.5 billion charge due to a write-down in inventory (chips it produced but now can't sell) in the first quarter due to the new export rules. However, that was less than the $5.5 billion hit expected.

1 week ago | ca.finance.yahoo.com | Laura Bratton

Nvidia's (NVDA) earnings and revenue beat Wall Street's expectations nearly every quarter over the past two years. Over the past eight quarters, Nvidia's earnings per share exceeded Wall Street's projections by an average of 9.8%. Over that same time frame, Nvidia's quarterly revenue beat the Street by an average of 8.9%. Meanwhile, S&P 500 companies reported earnings and sales roughly 5% and 1.3% above Wall Street's expectations in that time frame, according to Bloomberg data.

1 week ago | ca.finance.yahoo.com | Laura Bratton

Nvidia's (NVDA) revenue from China is set to hit $6.2 billion in the AI chipmaker's first quarter, accounting for over 14% of total revenue, according to consensus estimates from Wall Street analysts tracked by Bloomberg. That's for the three months ended Jan. 26, before Trump enacted a ban on sales of Nvidia's H20 chips to China in April.