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Stock Market

Nasdaq edges higher as Nvidia, AMD lead chip gains

Shares of AI leaders and chipmakers moved higher on Wednesday morning as easing trade tensions and new chip deals with Saudi Arabia lifted hopes for the tech sector. Here's a look at some of the top tickers trending in premarket trading: Super Micro Computer (SMCI) stock soared more than 17% on Wednesday, adding on to Tuesday's 16% gain, after Raymond James initiated coverage with an Outperform rating and $41 price target on shares. Raymond James said the company has “emerged as a market leader in AI-optimized infrastructure,” even as the...
Stock Market

Dow, S&P 500, Nasdaq futures fall as Nvidia stock weighs on tech

Nvidia Corporation (NVDA) Stock in the beleaguered megacap AI chip maker Nvidia has taken another hit in after-hours trading following the news that the US government has restricted the exports of H20 chips to China. The market is a huge buyer of Nvidia products, with the company warning of to a $5.5 billion hit to the company's bottom line. Nvidia dropped over 6% in extended trading. United Airlines Holdings, Inc. (UAL) United Airlines stock soared after beating Q1 revenue expectations in an early report for the major airline. Earnings estimates...
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