U.S. markets ended mixed on Wednesday, with the Dow Jones Industrial Average slipping 0.4% and the S&P 500 down 0.1%. Several individual stocks gained attention, including Microsoft, which rose 8.3% in the after-hours session to $555.74, and Meta, which shot up 11.5% to $775.10. NVIDIA's stock rose 2.14% to $179.27, while Qualcomm declined 1.86% to $159.06. Robinhood's stock surged 2.69% to $106.10.
U.S. markets ended mixed on Wednesday, with the Dow Jones Industrial Average slipping 0.4% and the S&P 500 down 0.1%. Several individual stocks gained attention, including Microsoft, which rose 8.3% in the after-hours session to $555.74, and Meta, which shot up 11.5% to $775.10. NVIDIA's stock rose 2.14% to $179.27, while Qualcomm declined 1.86% to $159.06. Robinhood's stock surged 2.69% to $106.10.
Microsoft's stock performance was driven by strong earnings reports, as the company's stock has been on fire in recent months [1]. The tech giant's earnings press release, available on its Investor Relations website, highlighted robust financial performance, although the stock's continued rally may depend on further earnings momentum.
Meta, the parent company of Facebook, Instagram, and WhatsApp, also reported strong earnings, with its stock rising 11.5% to $775.10. Meta's second-quarter revenue and profits topped analysts' expectations, sending shares to new highs in extended trading. The company's quarterly revenue grew 22% year-over-year to $47.52 billion, while its net income rose to $18.34 billion, or $7.14 per share, from $13.47 billion, or $5.16 per share a year earlier [2].
NVIDIA's stock rose 2.14% to $179.27, continuing its upward trend. The company has grown from just a chipmaker to the backbone of the artificial intelligence (AI) revolution. Analysts are calling Nvidia the stock of the decade, with some forecasting a $1,000 share price by 2030 as AI demand skyrockets [4].
The mixed market performance reflects the ongoing challenges and opportunities in the tech sector. While some stocks, like Microsoft and Meta, continue to perform strongly, others, such as Qualcomm, face headwinds. The broader market's reaction will depend on how these trends play out in the coming months.
References:
[1] https://www.morningstar.com/stocks/xnas/msft/quote
[2] https://www.investopedia.com/meta-earnings-2q-fy2025-11782048
[4] https://finance.yahoo.com/news/nvda-stock-price-prediction-where-070852948.html
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