Nvidia, Tesla, Super Micro, Verizon, Informatica, Coinbase, Cardinal Health, and More Movers
was rising 1.6%. Shares of the artificial-intelligence chip maker declined 10% on Friday, the stock’s worst single-day percentage decline since it fell 18.5% on March 16, 2020, according to Dow Jones Market Data. Nvidia’s market cap dropped $212 billion on Friday, the most in a single day for the company. For all of last week, Nvidia fell nearly 14% as technology stocks, particularly those in the semiconductor sector, came under pressure.
shares were down 3.6% after the electric-vehicle company over the weekend cut U.S. prices for its Model Y, S, and X vehicles. The cuts are a sign of weakening demand and generating more demand has been a struggle lately for the car maker, according to reporter Al Root of Barron’s. The company also cut prices in China and Europe.
shares have closed lower for six-straight sessions. The drop Friday came after Tesla recalled nearly 4,000 Cybertruck vehicles.
U.S.-listed shares of
tumbled 7% after the Chinese EV maker also reduced prices in China.
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Shares of
fell 3.5%. The stock plunged 23% on Friday after the artificial-intelligence hardware company said it would be reporting earnings April 30 but didn’t provide preliminary results for its fiscal third quarter. Investors were hoping for a positive update from the company. In January, for instance, 11 days ahead of earnings, Super Micro sharply increased its profit and sales outlook.
was down 3.5% after the telecommunications giant said it lost 158,000 users in its consumer wireless postpaid phone business in the first quarter, an improvement from the 263,000 users lost a year earlier.
also posted first-quarter adjusted earnings of $1.15 a share, 5 cents below what it reported a year earlier but better than analysts’ expectations of $1.12. Revenue of $32.98 billion, however, missed forecasts of $33.23 billion.
Talks between
and
the data-management software provider, have fizzled after the companies couldn’t agree on terms, The Wall Street Journal reported, citing people familiar with the matter. Earlier this month, the Journal reported the two companies were in discussions. The value of the deal was estimated at around $10 billion.
shares were up 0.8%, while
declined 7.2%.
was up 5.6% as
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rose 2% to $66,295 after the cryptocurrency’s so-called halving late Friday.
declined 2.4% and
was down 2.5% with gold prices falling sharply as Middle East war tensions eased and investors pivoted to risker assets and away from safe havens.
was declining 6.1% after the company said it won’t be renewing a distribution contract with pharmacy benefits manager OptumRx.
Earnings reports are expected later in the week from
Tesla
,
Visa
,
PepsiCo
,
IBM
,
AT&T
,
Boeing
,
Alphabet
,
Merck
,
T-Mobile
,
Comcast
,
Intel
,
Chevron
,
and
AbbVie
.
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Write to Joe Woelfel at joseph.woelfel@barrons.com
