With help from the $7 billion Mellanox acquisition, Nvidia’s data center business delivered more revenue than the company’s gaming unit for the first time.
Schlagwort-Archiv: Markets
Alibaba beats estimates as pandemic fuels online, cloud computing demand
China’s Alibaba beat quarterly revenue estimates on Thursday as its core e-commerce business thrived due to people preferring to shop online for essentials, even as coronavirus-related restrictions eased.
European markets slightly higher after record highs on Wall Street; Maersk up 4.8%
European stocks retreated slightly on Wednesday morning, pausing after a strong session stateside that saw the S&P 500 hit a fresh record high.
Walmart says its second-quarter e-commerce sales surged 104% in China
Walmart’s online shopping strategy is paying off in China, arguably one of the most developed e-commerce markets in the world.
Stocks making the biggest moves in the premarket: Target, Lowe’s, J&J, Momenta, Gilead & more
The stocks making the biggest moves in premarket trading include Target, Lowe’s, J&J, Momenta, Gilead, and more.
Meet Dynetics, the company racing against SpaceX and Blue Origin to return astronauts to the moon
Dynetics is a dark horse in the race against Elon Musk’s SpaceX and Jeff Bezos‘ Blue Origin to build crewed lunar landers for NASA.
Lowe’s reports blow-out quarter with 30% surge in revenue
Lowe’s said its second-quarter revenue surged 30% as consumers shifted spending from restaurants and travel to home improvement projects during the coronavirus pandemic.
Target reports a monster quarter — profits jump 80%, same-store sales set record
Target reported dramatic growth among its online services, such as curbside pickup, and had sales growth across all of its merchandise categories.
Target CEO credits canceled vacations, not stimulus checks, for blowout quarter
Target CEO Brian Cornell said Americans shopped because they couldn’t go on vacation or spend money on typical summer activities during the pandemic.
S&P 500 hits fresh record high as Target leads retail shares higher, Dow rises 100 points
On Tuesday, the S&P 500 rose to its highest level ever, gaining back all of the index’s coronavirus-related losses.