Edgar and Edgar CPAs’ Post

☀️ Good Morning my happy little social media friends! 📈 Wednesday witnessed a late surge in U.S. equities as investors eagerly anticipated NVIDIA's (NVDA) earnings and scrutinized the Federal Reserve minutes, highlighting the central bank’s cautious stance on interest rate cuts. 📊 The S&P 500 and Dow Jones closed in the green, finishing up 0.13% in the final trading hour, while the NASDAQ lagged, ending down by 0.32%. 💹 NVIDIA (NVDA) made headlines with its fourth-quarter financial results, released after the market closed. The tech giant outperformed analysts’ expectations, leading its stock to soar over 8% in after-hours trading. 🚀 Let's check out the numbers: - Revenue: $22.1 Billion vs. $20.4 Billion Expected - Data Center Revenue: $18.4 Billion vs. $17.2 Billion Expected - Gaming Revenue: $2.9 Billion vs. $2.7 Billion Expected - Adjusted Earnings Per Share: $5.16 vs. $4.60 Expected 🌐 Not without challenges! Despite surpassing expectations, NVIDIA faced a decline in data center revenue from China in Q4 due to U.S. licensing regulations, prohibiting the sale of certain processors to China over military use concerns. 💻 How's NVIDIA faring against competitors? In the past year, NVIDIA's stock has surged over 200%, surpassing AMD Inc. (AMD) at 109% and Intel (INTC) at 57%, solidifying its dominant role as the top chip manufacturer globally. 💳 On another note, Americans wrestling with debt face additional challenges as a study indicates an increase in the use of buy now-pay later services are exacerbating financial distress. 🔍 Who's affected the most? Individuals with a credit score below 620 are almost three times more likely than financially secure individuals to use these services frequently. 💰 Why the concern? Widespread availability of these services, mostly unregulated, raise concerns about its potential consequences, especially for those already facing financial difficulties. Enough social media lurking, let's all get back to work. #DailyEdgarMarketMusings #NvidiaEarnings #FinancialMarkets #BuyNowPayLater #EconomicNews 🌐💸

Today in the Market (2/21/2024)

Today in the Market (2/21/2024)

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