Can Nutanix (NTNX) Bounce Back After 2.3% Decline Since Last Earnings Report?

Can Nutanix (NTNX) Bounce Back After 2.3% Decline Since Last Earnings Report?

Nutanix recently reported its second-quarter earnings, with non-GAAP earnings per share of 46 cents, exceeding expectations. Revenues also increased by 16% year over year to $565.2 million. The company saw growth in its hyper-converged infrastructure software and adoption of its multi-cloud solutions. Product revenues rose by 19.6% to $299.6 million, and subscription revenues climbed by … Read more

Shares of Nvidia bounce back following sharp decline

Shares of Nvidia bounce back following sharp decline

Nvidia shares bounced back after a recent decline, reclaiming their position as the world’s most valuable public company. The American chipmaker saw a nearly 7% increase in shares on Tuesday, following three days of losses that raised concerns among investors about the company’s role in the artificial intelligence revolution. Deutsche Bank’s research strategist, Jim Reid, … Read more

Nasdaq futures bounce back as Nvidia steadies following recent decline

Nasdaq futures bounce back as Nvidia steadies following recent decline

Nasdaq futures were the top performers on Tuesday, with AI-linked stocks like Nvidia rebounding after a recent downturn. Investors are closely watching for signals on monetary policy from the Federal Reserve and upcoming economic data. Nvidia, which had lost significant market value in recent days, saw a 2.5% increase in premarket trading. Other companies like … Read more