Movers & Shakers: Nvidia stock jumps after blowout quarter, boosting AMD and Taiwan Semi shares

by | Aug 24, 2023 | Stock Market

Here are some of the biggest movers of the day: Stock gainers: Nvidia Corp.‘s shares
NVDA,
+3.17%
jumped 8% after the graphics-chip maker late Wednesday reported a 141% surge in data-center sales and record results, while shares of AI-rival Advanced Micro Devices Inc.
AMD,
+3.57%
and third-party semiconductor foundry Taiwan Semiconductor Manufacturing Co.
TSM,
+2.15%
both rose 3% following Nvidia’s results. ASML Holding
ASML,
+1.44%,
the microchip equipment maker, saw its stock rise by 2%.

Splunk Inc.’s
SPLK,
+1.80%
stock soared 13% after the software company reported strong quarterly revenue and issued sales guidance that breezed past analyst estimates. Shares of Autodesk Inc.
ADSK,
+1.88%
jumped 5% following a fiscal second-quarter report of better-than-expected revenue and earnings. Shares of Guess Inc.
GES,
+0.72%
rallied 19% after the retailer topped Wall Street expectations for its fiscal second quarter, saying that sales in Europe and in Asia rose. Snowflake Inc.‘s stock
SNOW,
+2.04%
gained 4% after the data-software company kept intact its forecast for year. Stock decliners: Boeing stock
BA,
-0.65%
fell 2% and Spirit AeroSystems
SPR,
-0.09%
shares fell 4% after disclosing an issue with fastener holes on Boeing 737 Max aircraft. U.S. Steel stock
X,
-2.19%
fell 4% to $30.10, extending a decline from Wednesday after Esmark withdrew its offer for the company that is being pursued by Cleveland-Cliffs
CLF,
+0.93%.

Article Attribution | Read More at Article Source

Share This