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Nvidia Q1 results surpass Wall Street expectations thanks to massive AI chip demand
Associated Press108d agoneutral
Nvidia Q1 results surpass Wall Street expectations thanks to massive AI chip demand

Artificial intelligence chipmaker Nvidia's quarterly results surpassed Wall Street's expectations once again, fueled by massive demand for its high-end AI chips. The company said Wednesday it earned $58.32 billion, or $2.39 per share, in the February-April period, up from $18.78 billion, or 76 cents per share, in the same period a year earlier. Excluding one-time items, Nvidia earned $1.76 per share.

A Giant Prospectus for a Giant Company
The Wall Street Journal108d agoneutral
A Giant Prospectus for a Giant Company

277 pages SpaceX’s filing comes in at that eye-popping length before notes and exhibits. IPO prospectuses for aspiring public companies typically top out around 200 pages. They include descriptions of the business and audited financial statements, as well as boilerplate legal language about the risks of investing in a company’s shares.

The road to SpaceX's juggernaut IPO
Reuters108d agoneutral
The road to SpaceX's juggernaut IPO

May 20 (Reuters) - Elon Musk's SpaceX filed for its hotly anticipated U.S. initial public offering on Wednesday, taking space exploration from a speculative venture to a mainstream investment theme.

Nvidia forecasts quarterly revenue above estimates, announces $80 billion share buyback
Reuters108d agobullish
Nvidia forecasts quarterly revenue above estimates, announces $80 billion share buyback

Nvidia forecast second-quarter revenue above Wall Street expectations on Wednesday, and announced an $80 billion share repurchase program. Shares of the company ‌were marginally down in extended trading. The world's most valuable company expects ‌revenue of $91 billion, plus or minus 2%, compared with estimates of $86.84 billion, according to data compiled by ​LSEG.

Associated Press108d agoneutral
How major US stock indexes fared Wednesday 5/20/2026

The U.S. stock market bounced back after pressure eased on Wall Street from the bond market and oil prices gave back some of their big gains. The Dow Jones Industrial Average added 1.3%, and the Nasdaq composite rallied 1.5%. The Nasdaq composite rose 399.65 points, or 1.5%, to 26,270.36.

Mortgage rates climb higher as House passes home affordability bill
Yahoo Finance Video108d agoneutralVIDEO
Mortgage rates climb higher as House passes home affordability bill

Mortgage rates continue to rise from spring levels, driven by the economic shocks from inflation, oil prices (CL=F, BZ=F), and the latest surge in Treasury yields (^TYX, ^TNX, ^FVX). Yahoo Finance Senior Housing Reporter Claire Boston examines the impact elevated mortgage rates are having on the US housing market, as well as diving into the details of the US House of Representatives' housing affordability bill.

Intuit boosts annual forecasts, to cut 17% of global staff
Reuters108d agoneutral
Intuit boosts annual forecasts, to cut 17% of global staff

TurboTax parent Intuit raised its annual revenue and profit forecasts on Wednesday and announced it would trim ‌17% of its workforce, sharpening its focus on artificial intelligence-powered ‌financial software amid robust demand. The reduction of nearly 3,000 roles globally, reported exclusively by ​Reuters earlier in the day, is expected to help simplify organizational structure and streamline key areas, including AI efforts, according to a staff memo sent by CEO Sasan Goodarzi. It had about ⁠18,200 employees across seven countries as of July 31, 2025, according to its annual report.

Intuit Plans to Cut 17% of Workforce, But Isn’t Blaming AI
Barrons.com108d agobearish
Intuit Plans to Cut 17% of Workforce, But Isn’t Blaming AI

Intuit reported better-than-expected financial results for its crucial tax season Wednesday, while also announcing a round of layoffs. Intuit said it’s reducing its full-time workforce by 17%. According to Layoffs.fyi, a website that tracks tech layoffs, 111,173 tech employees have lost their jobs in 2026.

Lowe's (LOW) Q1 2027 Earnings Transcript
Motley Fool108d agoneutral
Lowe's (LOW) Q1 2027 Earnings Transcript

Marvin Ellison: Thank you, Shelly. Shelly recently joined Lowe's as Vice President of Investor Relations, and we're excited to have her on board. In the first quarter, we delivered sales of $23.1 billion with comparable sales increasing 0.6%, leading to adjusted diluted earnings per share of $3.03, up 3.8% versus the prior year.

Cisco stock flashes rare technical signal
TheStreet108d agoneutral
Cisco stock flashes rare technical signal

Back in 2025, when Cisco Systems (CSCO) was trading around $66, key support, recommending it felt like a contrarian bet. The stock had spent years in the slow lane - a legacy networking name that the market had largely written off while flashier AI plays grabbed the headlines. Fast forward to now, ...

Evercore's Kiely, Morgan Stanley's Cheng Talk AI Deals
Bloomberg108d agoneutralVIDEO
Evercore's Kiely, Morgan Stanley's Cheng Talk AI Deals

Tammy Kiely, senior managing director in technology investment banking at Evercore Inc., and Wally Cheng, Morgan Stanley's head of global technology M&A, discuss the outlook for dealmaking in the artificial intelligence sector. They speak with Dani Burger on ``Bloomberg Deals.''

Bank of America resets MongoDB stock price target ahead of earnings
TheStreet108d agoneutral
Bank of America resets MongoDB stock price target ahead of earnings

MongoDB has had the kind of year that tests investor conviction, patience, and all sorts of psychological barriers. The stock is down 20% year-to-date according to Yahoo Finance. That’s a painful stretch for a company that returned 77% over the past twelve months and sits at the center of ...

Lowe's (LOW) Q1 2026 Earnings Call Transcript
Motley Fool108d agoneutral
Lowe's (LOW) Q1 2026 Earnings Call Transcript

Marvin Ellison: Thank you, Shelly. Shelly recently joined Lowe's as Vice President of Investor Relations, and we're excited to have her on board. In the first quarter, we delivered sales of $23.1 billion with comparable sales increasing 0.6%, leading to adjusted diluted earnings per share of $3.03, up 3.8% versus the prior year.

OpenAI IPO Filing May Come As Soon As Friday: WSJ
Barrons.com108d agoneutral
OpenAI IPO Filing May Come As Soon As Friday: WSJ

ChatGPT parent OpenAI is working with bankers in preparation for filing an initial public offering that could arrive in the coming days or weeks, The Wall Street Journal reported, citing people familiar with the matter. The Journal, citing unnamed sources, reported that bankers at Goldman Sachs Morgan Stanley and other institutions have been helping OpenAI draft an IPO prospectus that it plans to file confidentially with regulators soon, and could be as soon as Friday. News Corp owner of The Wall Street Journal and Barron’s, has a content-licensing partnership with OpenAI.

Target CEO is starting to 'chop wood' in turnaround: Analyst on earnings
Yahoo Finance Video108d agoneutralVIDEO
Target CEO is starting to 'chop wood' in turnaround: Analyst on earnings

Target (TGT) came out swinging this quarter as the retailer boasted adjusted earnings of $1.71 per share (vs. Bloomberg estimates of $1.43) and revenue of $25.44 billion (vs. estimates of $24.1 billion). Coresight Research founder and CEO Deborah Weinswig comments on the progress that Target CEO Michael Fiddelke has made in the store's turnaround plan. Fiddelke told Yahoo Finance that the company saw "broad-based" strength across its customers as it prioritized pricing on everyday items.