Nvidia Stock Climbs in Pre-Market After 6% Surge, Tech Stocks Rebound
August 9, 2024
Breaking News
🟢 Nvidia Stock Climbs in Pre-Market After 6% Surge, Tech Stocks Rebound.
Nvidia stock continues its recovery in pre-market trading, following Thursday's 6% surge, as tech stocks lead a market comeback. Despite recent volatility and a 25% decline from its June peak, analysts remain optimistic, highlighting ongoing strong demand for AI chips and Big Tech's increased investment in data centers. Yahoo Finance reports.
EdgeUp
🛑 UnderPerform: Under Armour sales fall after retailer cuts discounts, promotions in bid to be more premium. CNBC reports.
📉 ChipCrisis: Nvidia has lost $900 billion even as AI spending plans ramp up. Yahoo Finance reports.
🛫 TrustFlight: New Boeing CEO seeks to restore trust, stay close to production. Reuters reports.
💪 AIPower: Palantir to deploy AI products on Microsoft Azure for U.S. government agencies. MSN reports.
🚨 Novaflops: Novavax cuts 2024 revenue forecast on lower COVID vaccine sales. Yahoo Finance reports.
✈️ EmbrAce: Planemaker Embraer beats quarterly profit expectations. Reuters reports.
Friday Fact
History of Credit Cards: A Brief Overview
Using a credit card for purchases is incredibly common these days—so common, in fact, that a September 2021 Consumer Financial Protection Bureau (CFPB) report said that more than 175 million Americans had at least one credit card in their name. Whether using plastic to shop online or carrying a credit card around for simple, in-person purchases, credit cards make shopping more convenient, with the potential for rewards and other perks built into each transaction.
That said, the way credit cards work now is massively different from how they began. And the concept is a lot older than most people imagine.
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Yesterday’s Biggest Movers
The closing price of the top three market percent gainers trading near or above $3 on August 8.
(All pricing and percent gains are based on regular market trading hours from 9:30am to 4:00pm Eastern Time)
1. $APPS: Digital Turbine
Total gain: +62.92
%The company announced its financial results for the fiscal first quarter, which ended on June 30, 2024. Revenue for the fiscal first quarter of 2025 reached $118.0 million, marking a 5% increase compared to the fiscal fourth quarter of 2024. However, this represents a 19% decline compared to the same period in the previous year.Benzingareports.
2. $HROW: Harrow
Total gain: +59.24%
The company announced its results for the second quarter and the six months ending June 30, 2024. The quarter saw record revenues of $48.9 million.Benzingareports.
3. $MGOL: MGO Global
Total gain: +51.44%
The stock appeared to be moving on no notable news.
Today’s Notable Earnings
(Estimate and Actual numbers represent Earnings Per Share in US Dollars)
GETY
Getty Images Holdings
2Q 2024
After Market Close Estimate:0.020
Actual:N/A
CEPU
Central Puerto
2Q 2024
After Market Close Estimate:N/A
Actual:N/A
HE
Hawaiian Electric Indus
2Q 2024
After Market Close Estimate:0.490
Actual:N/A
Today’s Key Economic Dates
Time (ET) / Report / Period
None scheduled
Parting Thoughts
"Investing isn’t about beating others at their game. It’s about controlling yourself at your own game.” ― John C. Bogle
Sourced in: "The Little Book of Common Sense Investing", by John C. Bogle, published in 2007