Nvidia gained 4% to 822.79 and exceeded $2,000 billion in market capitalization for the first time in its history, while its rival in the semiconductor sector, Advanced Micro Devices (+5.25% to 202.64) reached a record level. Meta Platforms (+2.48% to 502.3) also benefited from the trend.
The ISM manufacturing index stood at 47.8 after 49.1 in January and 49.5 expected.
You’re here (+0.38% to 202.64) unveiled new initiatives, including insurance subsidies, to attract consumers in China, where the American electric vehicle giant is engaged in a price battle against rivals such as BYD.
New York Community Bancorp (-25.89% to 3.55) reported a loss on 4th quarter more than ten times higher than what it had previously announced and revealed flaws in its financial reporting, its CEO will be replaced. In its wake, U.S. Bancorp dropped 1.31% to 41.41 and Zion Bancorp 1.67% to 38.77. Piper Sandler lowered her recommendation from Overweight to Neutral.
Dell Technologies (+31.53% to 124.51) beat Wall Street estimates for its 4th quarter, helped by the boom in artificial intelligence and the recovery of the personal computer (PC) market.
Hewlett Packard Company (+2.17% to 15.56) anticipates a turnover of 2th quarter lower than Wall Street estimates as customers cut spending.
Netapp (+19.17% to 105.31) raised its annual profit forecast as companies spend more on cloud-based data management services.
The design software maker Autodesk gained 2.54% to 264.74, as the company reported adjusted earnings per share of $2.09 as of 4th quarter, against $1.95 expected by the consensus.
Mattel (-0.91% to 19.52) said it was unable to file its annual report for the 2023 financial year within the prescribed deadline after identifying “certain deficiencies” in its internal control.
The group’s Cruise division General Motors (+0.02% to 40.98) saw its internal valuation cut by more than half as the fallout from an accident in October continued to weigh on the self-driving car company.
The turnover of the electric vehicle startup Fisker (-34.04% to 0.48) was below market expectations, worrying investors about the group’s ability to continue its activity.
THE Dow Jones thus gained 0.23% to 39,087.38 points, the Nasdaq Composite 1.14% to 16,274.94 points and the S&P 500 0.80% to 5,137.94 points.
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