As the tech earnings parade continues, Marvell Technology stands out with an impressive 8% increase after-hours following a better-than-expected revenue report for the latest quarter. Despite this positive performance, Marvell is still down 18% from its March high. Nonetheless, shares have shown an 8% increase in the past month, indicating potential for growth in the near future.
Nvidia’s recent report highlighted a significant doubling in revenue from the year-ago period. This news has led to a 16.5% decrease from the June 20 high for the stock. CNBC TV’s Pippa Stevens will be focusing on the companies that provide cooling technology for Nvidia’s chipmaking in an upcoming segment. Vertiv, Schneider Electric, and nVent Electric are some of the key players in this space, each experiencing varying degrees of growth and decline in the market.
CNBC TV’s China correspondent, Eunice Yoon, will be reporting on the tensions and fears in China’s “iPhone City” as concerns rise about businesses relocating to other parts of the world, including India. This potential shift in the market dynamics could have a significant impact on Apple shares, which are currently 3% away from their July 15 high.
The list of big tech names interested in joining OpenAI continues to grow, with Apple and Nvidia reportedly looking to participate. Microsoft, which is already part of the initiative, has seen a 12% decrease from its July 5 high. The company’s stock is down 3.2% in a month but has shown a 10% increase so far in 2024.
Social media platform X is one of the latest tech giants setting up shop in the city by the bay. As artificial intelligence companies take center stage, other prominent names are making way for this new wave of innovation. Kate Rooney from CNBC TV will delve into this topic, exploring the impact on office real estate investment trusts like BXP and CBRE, both of which hit new highs recently.
A French software maker is gearing up to launch the highly anticipated “Star Wars Outlaws” video game. Despite this exciting development, the stock is currently 43% below its November high and down 26% year-to-date. On the other hand, Electronic Arts is preparing for the release of the game, with shares hovering 2% away from their July 31 high.
The 30-stock Dow index reached another record high recently, showing a 2% increase in a month. Interestingly, the top performers in the Dow are not tech companies. Companies like Nike, McDonald’s, Walmart, Coca-Cola, 3M, Travelers, and JPMorgan have all seen significant growth in the past month, showcasing a diverse range of industries driving the market forward.
The stock market continues to be a dynamic and ever-evolving landscape, with various industries and companies making waves in different sectors. By staying informed and analyzing these trends, investors can make informed decisions to navigate the complex world of stock trading successfully.
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