Update: Enbridge Posts Q1 Earnings Beat, Reaffirms Financial Guidance; National Bank Expects "Modest Increase" to Estimates
Stock Market Today: The Dow Jones dropped 225 points Thursday after jobless claims. Nvidia stock surged above $1,000 on strong earnings results.
This marks the largest stock split to date for the chipmaker.
(Bloomberg) -- Boeing Co. scrapped a plan to generate cash again this year and said it will suffer another significant outflow in the current quarter as the embattled planemaker fights on multiple fronts to get production back in order and ramp up deliveries. Most Read from BloombergNvidia Stock Surges as Sales Forecast Delivers on AI HopesHarvard Students Walk Out of Commencement Protesting SuspensionsThese Flight Routes Suffer the World’s Worst TurbulenceCiti Trader Got 711 Warning Messages Be
Alongside another blockbuster earnings report, Nvidia said it planned to split its stock. Here's a look at what that means: + **Why is Nvidia splitting its stock?** The company said it wants to "make stock ownership more accessible to employees and investors." A split lowers the per-share price of a stock, theoretically putting it in reach for more small investors (though nowadays, brokers offer fractional share trading, meaning this isn't a big obstacle.) It is also marginally good news for bigger investors, who tend to prefer dealing in round lots of 100 shares at a time.
Schwab (SCHW) provides disappointing Q2 adjusted earnings and NIM guidance. This turns investors bearish on the stock, which dips 4.6%.
This company provides a convenient solution that helps consumers and businesses save time and money.
In the closing of the recent trading day, NIO Inc. (NIO) stood at $5.24, denoting a -0.19% change from the preceding trading day.
“I used my 401(k) for life expenses because doctors found a parasite behind my husband’s eye.”
Nvidia is no longer the only game in town when it comes to artificial intelligence (AI) chips.