HP Sinks on Profit Outlook, AI Race Heats Up for Nvidia
On this episode of stock movers,
- Nvidia (NVDA) shares ended the day at the lowest level since Sept. 25 as Alphabet (GOOGL) rises on news Meta is in talks to spend billions on Google’s AI chips, the Information reported, adding to a monthslong share rally as the search giant has made the case it can rival Nvidia Corp. as a leader in artificial intelligence technology.
- HP (HPQ) shares sink afterhours after the PC and printer maker gave a profit outlook for current year that fell short of estimates and the company said it will cut 4,000 to 6,000 employees through fiscal 2028 by using more AI tools.
- Urban Outfitters (URBN) shares surged in post market trading Tuesday after the apparel company reported net sales for the third quarter that beat the average analyst estimate.
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