Companies · Page 2
The businesses behind the tickers.
· Tech & AI
Nvidia slips 1.4% on claims it pressured smaller cloud firms
Nvidia shares slid 1.4% after research firm SemiAnalysis said smaller cloud providers were kept out of an Nvidia event for adding rival chips. The claim concerns how the chipmaker treats its customers.
· Companies
Charles Schwab slides as revenue lands just short of forecasts
Charles Schwab shares slid 2.7% after third-quarter profit beat estimates but revenue landed just under forecasts, a narrow miss that outweighed record client inflows on the day.
· Companies
Prologis slides after rental revenue misses estimates
Prologis shares slid 2.7% after the warehouse owner's third-quarter rental revenue missed estimates. A key profit measure beat forecasts, and the company narrowed its full-year outlook.
· Tech & AI
Taiwan Semiconductor slides despite strong quarterly results on AI chip demand
Taiwan Semiconductor's shares slid 1.8% after a quarter that topped its own forecast. Its chief executive flagged heavier factory spending that may weigh on margins before new plants pay off.
· Companies
Bank of America tumbles after settlement charge dents quarterly profit
Bank of America shares tumbled 4.8% on Wednesday after a regulatory settlement charge and softer investment banking fees left third-quarter revenue and adjusted profit below analyst forecasts.
· Companies
Fastenal rises after quarterly profit and sales top estimates
Fastenal shares recovered from an early drop after third-quarter profit and sales beat analyst estimates, though thinner gross margins and a lower device target tempered the report.
· Tech & AI
Applied Materials tumbles after China's CXMT reports memory chip progress
Applied Materials tumbled 6.7% on Tuesday after Chinese memory maker CXMT reported progress on a denser memory-cell design, raising competition worries across chip stocks.
· Companies
Johnson & Johnson shares fall despite beating estimates and raising outlook
Johnson & Johnson shares tumbled after the drugmaker beat quarterly forecasts and raised its full-year outlook. Profit per share still fell from a year earlier, and some products lost ground.
· Companies
JPMorgan falls as slower dealmaking leads to a profit miss
JPMorgan Chase shares fell after the bank missed third-quarter profit and revenue forecasts. The bank cited slower dealmaking and weaker bond trading. Its chief executive warned about inflation and rates.
