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☆ Stocks making the biggest moves after hours: Broadcom, DocuSign, UiPath and more
▼ + stars: | 2024-09-05 | by ( Pia Singh | In | ) www.cnbc.com time to read: +2 min

DocuSign's adjusted earnings of 97 cents per share for the second quarter exceeded analysts' expectations of 80 cents per share, according to LSEG. Broadcom said it sees $14 billion of revenue for the fiscal fourth quarter , while analysts called for $14.04 billion, per LSEG. Bowlero's fiscal fourth-quarter revenue came in ahead of estimates at $283.9 million, while analysts called for $273.4 million, per FactSet. Analysts polled by LSEG anticipated 13 cents per share in earnings and revenue of $1.21 billion. Adjusted earnings for the fiscal second quarter came in at 44 cents per share, while revenue was $276.4 million.

Persons: LSEG, UiPath, FactSet, —, Darla Mercado Organizations: Broadcom, Reuters

☆ Broadcom says it will sell $12 billion in AI parts and custom chips this year
▼ + stars: | 2024-09-05 | by ( Kif Leswing | ) www.cnbc.com time to read: +2 min

Broadcom reported a net loss of $1.88 billion, or a loss of 40 cents per share, versus net income in the year-ago quarter of $6.12 billion, or $1.24 per share. For example, Broadcom works on Google's TPU chip, which Apple used to train some of its AI features. Broadcom CEO Hock Tan said in a statement that the company expects to record $12 billion in sales from AI parts and custom chips in fiscal 2024, up from a previous forecast of $11 billion. The company reported $7.27 billion in semiconductor sales during the quarter, up 5% annually. It is still larger than Broadcom's infrastructure software segment, which reported $5.8 billion in sales, much of which is from the company's VMware acquisition.

Persons: Apple, Hock Tan, Tan Organizations: Broadcom, VMware Locations: U.S

☆ Stocks making the biggest moves midday: JetBlue, Hewlett Packard Enterprise, Tesla, G-III Apparel and more
▼ + stars: | 2024-09-05 | by ( Sarah Min | ) www.cnbc.com time to read: +5 min

G-III Apparel Group — Shares surged 22% after the apparel maker posted second-quarter results that topped estimates. Adjusted earnings of 52 cents per share beat the 27 cents a share that analysts expected, according to FactSet. Hewlett Packard Enterprise — Shares dropped 6% after Hewlett Packard Enterprise saw gross margins decline from a year ago. In its fiscal first quarter, C3.ai saw $73.5 million in revenue, lower than the $79.2 million forecast by analysts polled by FactSet. In its fiscal third quarter, Toro posted adjusted earnings of $1.18 per share on revenue of $1.16 billion.

Persons: FactSet, ChargePoint, LSEG, Verint, Steven Cahall, Tesla, Zimmer Biomet, McKesson, Toro, — CNBC's Sean Conlon, Michelle Fox, Lisa Han, Alex Harring, Yun Li, Pia Singh Organizations: JetBlue Airways, JetBlue, III, Hewlett Packard Enterprise, Hewlett, Enterprise, Frontier Communications, Verizon Communications —, Verizon, Casey's, Verint Systems, Technology, —, Old Dominion, Old Dominion Freight, Toro Locations: New York, FactSet, Wells Fargo, Europe, China, Wells

☆ Why Broadcom stock is tumbling after an earnings beat — and how to play the dip
▼ + stars: | 2024-09-05 | by ( Jeff Marks | ) www.cnbc.com time to read: +10 min

Broadcom reported an earnings beat Thursday, driven by strong sales of its AI products and VMware software. We view Broadcom as one of the biggest AI beneficiaries through its networking and custom chip businesses. However, Broadcom generated $5.3 billion in free cash flow when excluding restructuring and integration cash costs in the quarter. The semi number is a slight miss versus expectations, and the difference is probably due to the non-AI business lines because AI sales are humming. Broadcom raised its full-year AI revenue forecast to $12 billion, up from prior guidance of over $11 billion.

Persons: Hock Tan, Tan, …, Tan didn't, Jim Cramer's, Jim Cramer, Jim, Justin Sullivan Organizations: Broadcom, VMware, LSEG, VMWare, Wall Street, Marvell Technology, Devices, Nvidia, Revenue, Apple, Management, CNBC Locations: Hock, American, San Jose , California

☆ Stocks making the biggest moves premarket: C3.ai, Tesla, JetBlue and more
▼ + stars: | 2024-09-05 | by ( Alex Harring | ) www.cnbc.com time to read: +3 min

Check out the companies making headlines in premarket trading: C3.ai — The technology stock tumbled 19.2% after posting weaker-than-expected subscription revenue during the company's fiscal first quarter. C3.ai posted $73.5 million for the top line, while analysts polled by FactSet had penciled in $79.2 million. JetBlue said to expect somewhere between a loss of 2.5% and a gain of 1% relative to the same period a year ago. Verint earned an adjusted 49 cents per share on $210 million in revenue, while analysts surveyed by LSEG had anticipated 53 cents in earnings per share and $213 million in revenue. The company also announced it would be cutting 15% of its workforce and guided for fiscal third-quarter revenue much below analysts' forecasts.

Persons: FactSet, Tesla, Topgolf Callaway, Topgolf, Verint, LSEG, ChargePoint, Copart, Dick's, StoneCo, Morgan Stanley, —, Samantha Subin, Lisa Han, Sarah Min Organizations: Verizon, Frontier Communications, Frontier, JetBlue —, JetBlue, Callaway, Hewlett Packard Enterprise, Systems, Management, Dick's, Goods, JPMorgan Locations: Europe, China

☆ Stocks making the biggest moves premarket: Nvidia, GitLab, Sweetgreen, Dollar Tree and more
▼ + stars: | 2024-09-04 | by ( Brian Evans | ) www.cnbc.com time to read: +3 min

Dollar Tree — Shares plunged nearly 11% after the dollar store missed second-quarter revenue estimates and trimmed its full-year forecast. Zscaler — Shares of the cloud security company slipped nearly 17% after its fiscal first-quarter earnings forecast missed Wall Street estimates. GitLab — Shares of the software developer surged 11% after its third-quarter earnings forecast surpassed Wall Street estimates. GitLab expects to earn 15 cents to 16 cents per share, while analysts polled by LSEG were calling for 11 cents. The company's full-year revenue forecast of $742 million to $744 million also came in above a forecast $737 million.

Persons: Dick's, Sweetgreen, Cowen, LSEG, PagerDuty, Nordstrom, —, Alex Harring, Jesse Pound Organizations: Nvidia, Bloomberg, U.S . Department of Justice, Dick's, —, Wall, FactSet, AMD —

☆ Dollar Tree shares plunge 22% after discounter cuts full-year forecast
▼ + stars: | 2024-09-04 | by ( Melissa Repko | In Melissa-Repko | ) www.cnbc.com time to read: +4 min

A sign is posted in front of a Dollar Tree and Family Dollar store on March 13, 2024 in Rio Vista, California. Shares of Dollar Tree fell more than 22% on Wednesday after the discounter cut its full-year outlook, citing increasing pressures on middle-income and higher-income customers. Dollar Tree includes two store chains, its namesake, which sells a wide variety of lower-priced items like party supplies, and Family Dollar, which carries more food. At Dollar Tree, same-store sales increased by 1.3% and at Family Dollar, same-store sales fell by 0.1%. Dollar Tree bought Family Dollar for nearly $9 billion in 2015 and since then, it's struggled to strengthen the grocery-focused chain and better compete with Dollar General.

Persons: Jeff Davis, Todd Vasos, Davis, it's, —, Robert Hum Organizations: LSEG, Dollar, Walmart Locations: Rio Vista , California

☆ Stocks making the biggest moves midday: Dollar Tree, GitLab, Zscaler and more
▼ + stars: | 2024-09-04 | by ( Sean Conlon | ) www.cnbc.com time to read: +3 min

Check out the companies making headlines in midday trading: Dollar Tree — Shares tumbled more than 22% after the discount retailer slashed its full-year outlook for net sales and adjusted earnings per share. GitLab — The software developer's stock soared more than 21% thanks to a strong third-quarter earnings outlook. Zscaler — The stock lost more than 18% after the cloud security company's fiscal first-quarter earnings outlook came in weaker than expected. Zscaler expects to earn between 62 cents and 63 cents per share, below the 73 cents per share analysts were estimating, per LSEG. Asana sees sales for the third quarter coming in between $180 million and $181 million, while analysts expected $182 million, according to LSEG.

Persons: LSEG, Zscaler, Cowen, Andrew Charles, —, Lisa Kailai Han, Michelle Fox Organizations: Dick's, Goods, FactSet, UBS, AMD Locations: Cape Canaveral , Florida

☆ Dick's Sporting Goods blows past earnings estimates but issues cautious guidance ahead of 2024 election
▼ + stars: | 2024-09-04 | by ( Gabrielle Fonrouge | In Gabrielle-Fonrouge | ) www.cnbc.com time to read: +4 min

For fiscal 2024, Dick's is now expecting diluted earnings per share to be between $13.55 and $13.90, up from previous guidance of $13.35 to $13.75 per share. At the midpoint, Dick's only raised its earnings guidance by about 18 cents, even though its fiscal second-quarter earnings came in 54 cents higher than expected. At the low end, Dick's earnings guidance falls a bit short of the $13.79 that analysts had expected, according to LSEG. Dick's maintained its sales guidance of $13.1 billion to $13.2 billion, which also fell flat compared with the $13.24 billion that analysts were looking for, according to LSEG. Dick's is slated to discuss its results with analysts and share more insights on its guidance at 8 a.m.

Persons: Lauren Hobart, Dick's, didn't, Walmart –, there's Organizations: Sporting Goods, LSEG, Target, Walmart, Federal

☆ September's poor history is hard to ignore, but market has many things on its side including the Fed
▼ + stars: | 2024-09-03 | by ( Bob Pisani | ) www.cnbc.com time to read: +7 min

The good news outweighs the bad Seasonality aside, the market is riding a wave of momentum, and with good reason: 1) The market "broadening" trend is very real. At Jackson Hole, chairman Jerome Powell made it clear that the Fed had shifted its attention from fighting inflation to the job market. S&P 500 in September: It's been ugly recently (rounded) 2023: down 5%2022: down 9%2021: down 5%2020: down 4% The elections are another wildcard. Two-thirds of the S&P 500 was up in August. Most importantly, the Equal-Weight S&P 500 (RSP) modestly outperformed the S&P 500 in August and closed Friday at an historic high.

Persons: Frank Gretz, Wellington Shields, Robert Hum, It's, Consumer Staples, Jerome Powell, David Smith, Brendan McDermid Organizations: Dow, NASDAQ, Russell, NYSE, Megacap Tech, Apple, Nvidia, Microsoft, Consumer, Estate, Technology, American Association of, Bulls, PCE, Fed, Rockland Trust, CNBC, Traders, New York Stock Exchange Locations: Wellington, Meta, Rockland, New York City, U.S

Dollar General shares tumbled Thursday after the discount retailer slashed its sales and profit guidance for the full year, suggesting its lower-income customers are struggling in this economy. Shares of the retailer, which caters to more rural areas, tumbled 25% after the earnings report. The company now expects fiscal 2024 same-store sales to be up 1.0% to 1.6%, lower than its prior outlook for a 2% to 2.7% increase. Dollar General has said that it needs to improve its stores and how it handles inventory to curb losses. Competitor Dollar Tree was falling in sympathy, off by more than 7% in early trading.

Persons: Todd Vasos Organizations: LSEG

☆ Best Buy shares surge on profit beat and guidance hike
▼ + stars: | 2024-08-29 | by ( Ece Yildirim | In Ecedyildirim | ) www.cnbc.com time to read: +4 min

People walk into a Best Buy store in a Brooklyn mall on August 29, 2023 in New York City. Best Buy raised its fiscal-year profit guidance Thursday after exceeding earnings and revenue expectations for the most recent quarter. Shares of Best Buy jumped more than 15% in morning trading Thursday. Best Buy has been in the midst of an attempted turnaround in response to a two-year sales slump. "We capitalized on demand driven by our customers' desire to replace or upgrade their products, combined with new innovation," Barry said during the company's earnings call.

Persons: Matt Bilunas, Corie Barry, Barry Organizations: LSEG, Apple, Microsoft Locations: Brooklyn, New York City

☆ Ulta misses Wall Street expectations first time in 4 years, trims guidance after quarterly sales decline
▼ + stars: | 2024-08-29 | by ( Ece Yildirim | In Ecedyildirim | ) www.cnbc.com time to read: +5 min

An Ulta Beauty store in New York, US, on Monday, Aug. 19, 2024. Ulta Beauty shares sank 7% in extended trading Thursday as the company fell short of second-quarter expectations and trimmed its full-year guidance after a decline in same-store sales during the most recent period. The company now forecasts full-year same-store sales in a range of flat to 2% down, compared with prior guidance of 2% to 3% growth. Earlier this month, Warren Buffet's Berkshire Hathaway disclosed a $266 million stake in the beauty retailer, sending Ulta shares surging. Clarification: This story has been updated to clarify that Ulta Beauty forecast full-year earnings per share of $22.60 to $23.50, down from a previous forecast of $25.20 to $26.

Persons: Dave Kimbell, Kimbell, Paula Oyibo, Ulta, Warren Buffet's Berkshire Hathaway Organizations: LSEG Locations: New York

Gap raised its full-year profit outlook on Thursday after seeing better-than-expected results at its largest brand, Old Navy. The apparel company's fiscal second quarter results were released earlier than planned after the company "inadvertently" posted them to its website and then removed them, a Gap spokesperson told CNBC. Gap posted earnings of $206 million, or 54 cents per share, compared with $117 million, or 32 cents per share, a year earlier. The company's second-quarter results didn't blow away expectations, but are solid improvements from where the company was a year ago. Its gross margin came in better than forecast at 42.6%, ahead of the 40.8% that analysts had expected, according to StreetAccount.

Persons: Richard Dickson —, Dickson, They're, Here's Organizations: Navy, CNBC, NYSE, LSEG, Mattel, —, Old Navy Locations: Old

☆ Lululemon cuts guidance, misses sales estimates after botched product launch
▼ + stars: | 2024-08-29 | by ( Gabrielle Fonrouge | In Gabrielle-Fonrouge | ) www.cnbc.com time to read: +5 min

Lululemon lowered its guidance and posted its first revenue miss in more than two years on Thursday after it botched a highly anticipated product launch and growth slowed in the Americas. Lululemon anticipates earnings per share will be in a range of $13.95 to $14.15, down from previous guidance of $14.27 to $14.47. Beyond total sales, Lululemon also missed expectations on comparable sales, which grew 2%, well behind estimates of 5.9%, according to StreetAccount. During the quarter, Lululemon pulled its Breezethrough leggings, launched in early July, after it received a wave of complaints about the product's unflattering fit. Lululemon's product challenges follow the departure of its longtime chief product officer, Sun Choe, who resigned in May to pursue another opportunity.

Persons: Lululemon, Calvin McDonald, McDonald, Lululemon's, Sun Choe, Jonathan Cheung, Nikki Neuburger, Neuberger, Gross Organizations: Lululemon Athletica, LSEG Locations: New York, Americas, U.S, China

American Eagle missed Wall Street's sales targets for a second quarter in a row on Thursday, but profit grew by nearly 60% thanks in part to lower product costs. During the quarter, American Eagle's intimates line Aerie saw revenue grow 9% while its namesake brand grew by 8%. The gross margin expansion was led by "favorable product costs," indicating American Eagle spent less to make its assortment during the quarter. During the quarter, American Eagle made some strides in achieving that goal. It posted operating income of $101 million, an increase of 55%, while its operating margin grew 2.4 percentage points to 7.8%.

Persons: Mike Mathias, I've, Jay Schottenstein, Matthias, Jennifer Foyle, Foyle Organizations: Eagle, LSEG, Finance, CNBC, Federal Reserve, Labor, American Eagle Locations: Northeast

☆ Affirm shares have best day in three years, surge 32% after earnings beat
▼ + stars: | 2024-08-29 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +2 min

Max Levchin, co-founder of PayPal and chief executive officer of financial technology company Affirm, arrives at the Sun Valley Resort for the annual Allen & Company Sun Valley Conference, in Sun Valley, Idaho. Affirm shares soared nearly 32% on Thursday, notching their best day in almost three years, after the provider of buy now, pay later loans beat on the top and bottom lines in its earnings report. For the current quarter, Affirm sees revenue in the range of $640 million to $670 million. Analysts for Mizuho called it a "killer quarter" for Affirm in a note Thursday, and said the "prospect of turning GAAP operating income-positive" will be "a major milestone." Even after Thursday's rally, Affirm shares are still down about 15% for the year, while the Nasdaq is up 19%.

Persons: Max Levchin, LSEG, Jerome Powell Organizations: PayPal, Allen & Company Sun Valley Conference, Mizuho, Nasdaq, Federal, Bank of America, Apple Locations: Sun Valley , Idaho

☆ MongoDB shares surge as high as 16% on guidance boost
▼ + stars: | 2024-08-29 | by ( Jordan Novet | ) www.cnbc.com time to read: +2 min

MongoDB shares jumped as much as 16% in extended trading Thursday after the database software maker reported healthy fiscal second-quarter earnings and pushed up full-year guidance. With respect to guidance, MongoDB called for fiscal third-quarter adjusted earnings of 65 cents to 68 cents per share on $493.0 million to $497.0 million in revenue. MongoDB now sees $2.33 to $2.47 per share in adjusted earnings, with $1.92 billion to $1.93 billion in revenue. That's up from the May guidance of $2.15 to $2.30 in adjusted earnings per share and $1.88 billion to $1.90 billion in revenue. Analysts had predicted $2.26 per share in adjusted earnings, along with $1.90 billion in revenue.

Persons: Dev Ittycheria, Ittycheria, Ash Kulkarni, MongoDB, LSEG Organizations: Management nudged

☆ Best Buy stock soars on a beat and raise. We think that's just the beginning
▼ + stars: | 2024-08-29 | by ( Zev Fima | ) www.cnbc.com time to read: +9 min

Best Buy 's quarterly beat and guidance raise on Thursday was good for a 15% pop in the stock as investors rewarded better execution and the promise of wider adoption of AI devices and lower interest rates. BBY YTD mountain Best Buy YTD Thursday's advance sent Club stock Best Buy back above $100 and above our price target of $95. On the call, Best Buy CEO Corie Barry, said that growth in tablets, computing, and services, was more than offset by declines in appliances, home theater, and gaming. Best Buy Why we own : We took a position in Best Buy because we believe it will prove to be a go-to destination for consumers looking to upgrade hardware, much of which was purchased during Covid, to new AI-powered devices. Microsoft PCs on display at a Best Buy store in Secaucus, N.J. Melissa Repko | CNBC

Persons: there's, Corie Barry, comps, we're, Barry, Jim Cramer's, Jim Cramer, Jim, Melissa Repko Organizations: Revenue, LSEG, Home, Computer, Target, Walmart, Amazon, Costco, Management, Mobile, Microsoft, Geek, CNBC Locations: Lowe's, Williams, Sonoma, Secaucus, N.J

☆ Why Cramer advises against running out to buy Nvidia's post-earnings stock dip
▼ + stars: | 2024-08-28 | by ( Zev Fima | ) www.cnbc.com time to read: +12 min

Jim doesn't see a need to step in first thing Thursday morning and buy the dip. Through its Nvidia AI Enterprise service, Nvidia is in the process of building out a potentially massive software business. Quarterly commentary During Nvidia's fiscal second quarter, better-than-expected sales were driven by strength in all key segments, including a Data Center segment revenue record. Regarding China, Kress said, "Data Center revenue in China grew sequentially in Q2 and is a significant contributor to our Data Center revenue. Guidance Taking a closer look at guidance, Nvidia's fiscal third quarter may not have beaten the Street's estimates by the magnitude some were hoping for, but it's far from disappointing.

Persons: Lindy, Triple Lindy, Jensen Huang, Hopper, Blackwell, Jim Cramer, Jim doesn't, Colette Kress, Kress, it's, inferencing, ChatGPT, Cloud prem, Nvidia Isaac, Jim Cramer's, Jim, Andrej Sokolow Organizations: Nvidia, Revenue, Triple, Moore's, Hopper, Blackwell, Amazon Web Services, Google, Enterprise, Devices, Intel, Apple, Data Center, Networking, Management, Data, Centers, Automotive, Siemens, Nvidia Blackwell, Mercedes, Benz, Nvidia Omniverse, CNBC, Getty Locations: China, Boston, Silicon Valley

☆ Salesforce tops earnings estimates, CFO Amy Weaver to step down
▼ + stars: | 2024-08-28 | by ( Jordan Novet | ) www.cnbc.com time to read: +4 min

The company also said Amy Weaver, its chief financial officer, will step down. With respect to guidance, Salesforce called for adjusted fiscal third-quarter earnings of $2.42 to $2.44 per share on $9.31 billion to $9.36 billion in revenue. Analysts surveyed by LSEG had expected $2.43 in earnings per share on $9.41 billion in revenue. The LSEG consensus was $9.89 in adjusted earnings per share, with $37.84 billion in revenue. During the quarter, Salesforce said in the fall it will start testing an Einstein Copilot for Merchants that can compose product pages and promotions with a few words of human input.

Persons: Amy Weaver, Salesforce, Marc Benioff, Weaver, LSEG, Einstein, Benioff, Jared Spataro Organizations: Management, Merchants, Microsoft, CNBC

☆ Affirm shares surge 16% after better-than-expected results, strong guidance
▼ + stars: | 2024-08-28 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +2 min

Affirm reported gross merchandise volume, or GMV, of $7.2 billion, up 31% from a year earlier. Affirm shares jumped as much as 16% in after hours trading on Wednesday, after the provider of buy now, pay later loans reported better-than-expected fiscal fourth-quarter results . For the current quarter, Affirm sees revenue in the range of $640 million and $670 million. Affirm shares were down 36% for the year as of Wednesday's close, but have been trending higher lately, up 12% in August. In June, Affirm and Apple announced plans for U.S. Apple Pay users on iPhones and iPads to be able to apply for loans directly through Affirm.

Persons: Max Levchin, LSEG, Jerome Powell, Gina Sanchez, CNBC's, Sanchez, that's Organizations: Revenue, Federal, Bank of America, Apple, U.S, Lido Advisors

☆ CrowdStrike beats quarterly consensus but lowers full-year guidance
▼ + stars: | 2024-08-28 | by ( Jordan Novet | ) www.cnbc.com time to read: +4 min

Annual recurring revenue was $3.86 billion, just above the StreetAccount consensus of $3.85 billion. With respect to guidance, CrowdStrike called for adjusted net earnings of 80 cents to 81 cents per share on $979.2 million to $984.7 million in revenue. For the 2025 fiscal year, CrowdStrike now sees $3.61 to $3.65 in adjusted earnings per share and $3.89 billion to $3.90 billion in revenue. That is down from management's June forecast for adjusted earnings per share of $3.93 to $4.03 and revenue between $3.98 billion to $4.01 billion. The adjusted guidance excludes costs tied to the outage.

Persons: George Kurtz, Burt Podbere, Gray Powell, Trevor Rambo, BTIG, CrowdStrike, Podbere, Kurtz Organizations: Delta Air Lines, Travelers, CrowdStrike Locations: management's

☆ Salesforce gets back on track — here's what the software giant needs to deliver next
▼ + stars: | 2024-08-28 | by ( Jeff Marks | ) www.cnbc.com time to read: +9 min

Salesforce shares jumped more than 4% in extended trading Wednesday after the enterprise software giant beat sales and earnings expectations in the second quarter. Salesforce Why we own it : Salesforce is a leading enterprise software tool for companies across all industries, helping employees to better communicate with colleagues internally and with their customers. Salesforce's new AI tools — which it is calling autonomous AI sales agents — may be the company's answer to this negative thesis. The next task for Salesforce is proving these new AI products will become a material driver of revenue growth. For the third quarter, Salesforce forecasts revenues of $9.31 billion to $9.36 billion, which is below the $9.4 billion estimate.

Persons: cRPO, —, Marc Benioff, It's, they're, Benioff, Salesforce, Brian Millham, Amy Weaver, Jim Cramer's, Jim Cramer, Jim, David Paul Morris Organizations: Revenue, LSEG, SAP, Microsoft, Salesforce, Club, Nvidia, Federal, Management, CNBC, Bloomberg, Getty Locations: Americas, San Francisco , California

Slowing rate of change in earnings growth There are two important trends to follow in earnings. In the case of Nvidia, earnings are continuing to increase, but the rate of change is decelerating. This earnings report will likely be the final time in this stretch that Nvidia will see triple-digit earnings growth. But the impact has been shrinking – just as the overall Mag 7 impact has been diminishing with second quarter earnings growth broadening out. Last season (Q1), Nvidia was responsible for a little more than one-third of the S & P 500's 8% earnings growth.

Persons: ChatGPT, It's, Wall, Jensen, Josh Brown, Christopher Rolland, I've, you've, Lori Calvasina, it's, Matt Bryson, Nvdia's, Huang, Stifel, Blackwell, Mark Lipacis, NVDA, Hopper, Angelo Zino, Dan Ives, Ives, Brown Organizations: Nvidia, Jensen Huang's, Ritholtz Wealth Management, CNBC, RBC Capital Markets, Microsoft, Meta, Analysts, Nvdia's Blackwell, Blackwell Locations: Susquehanna, Wedbush

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