Nasdaq Surges 300 Points; NVIDIA Posts Strong Results

by

in

U.S. stocks traded higher this morning, with the Nasdaq Composite jumped around 300 points on Thursday.

Following the market opening Thursday, the Dow traded up 0.63% to 38,857.02 while the NASDAQ rose 1.95% to 15,884.67. The S&P 500 also fell, dropping, 1.20% to 5,041.45.

Check This Out: Analog Devices To Rally Around 19%? Here Are 10 Top Analyst Forecasts For Thursday

 

Leading and Lagging Sectors

 

Information technology shares rose by 3.1% on Thursday.

In trading on Thursday, utilities shares fell by 0.8%.

 

Top Headline

 

NVIDIA Corporation (NASDAQ: NVDA) reported better-than-expected fourth-quarter financial results and issued strong revenue guidance for the first quarter.

The company reported revenue of $22.10 billion, beating a Street estimate of $20.62 billion. Revenue in the fourth quarter was up 265% year-over-year. Nvidia reported fourth-quarter non-GAAP earnings per share of $5.16, which came in ahead of a Street consensus estimate of $4.64 according to data from Benzinga Pro.

 

Equities Trading UP

 

La Rosa Holdings Corp. (NASDAQ: LRHC) shares shot up 186% to $4.00 after the company said it has acquired a 100% interest in the Company’s franchisee – La Rosa Realty Winter Garden LLC located in Winter Garden, Florida.

Shares of BuzzFeed, Inc. (NASDAQ: BZFD) got a boost, surging 78% to …

Full story available on Benzinga.com


Comments

Leave a Reply

Your email address will not be published. Required fields are marked *