Stocks Rise After Nvidia Earnings; Alphabet Falls | Global News Avenue

Major U.S. stock indexes were higher a day after Nvidia (NVDA), the world’s most valuable company, Exceeds third-quarter revenue and profit forecasts But it said supply chain issues could dampen revenue growth in the current quarter.

The S&P 500 rose 0.5% and the Dow gained 1.1%. After falling for most of the day, the Nasdaq recovered in the afternoon, rising less than 0.1%.

Ultramicrocomputer (SMCI) shares rose 15%, becoming the top daily performer in the S&P 500 for the third time this week. Thursday’s gains follow Nvidia mentioned its partnerships spoke to the server maker during last night’s earnings call. Earlier this week, Super Micro filed a compliance plan related to delays in releasing its annual report, which should help it avoid the possibility of being delisted by Nasdaq. Nvidia shares rose 0.5%.

Amentum stockAMTM) rose 10.5%, recouping some of the stock’s recent losses as the incoming presidential administration’s efficiency priorities create an uncertain future for government contractors. Amentum made some positive developments this week, securing a $389 million contract to provide logistics support to the U.S. Army and working with the Dutch government to evaluate potential nuclear power projects in the country.

Deere (of), a maker of tractors and other heavy farm equipment, reported a better-than-expected fourth-quarter profit, sending its shares up 8.1%. Milder raw material prices and freight rates have lowered production costs, helping Deere overcome declining demand for farm equipment. Deere’s full-year profit guidance was lower than expected as the company expects continued pressure on farm income to continue dragging down spending on key farm equipment.

view(variable speed) shares surged 7.8% on Thursday and rose after the company announced a private placement of $1.25 billion in senior secured notes on Wednesday. The Texas-based utility’s opportunity to power energy-intensive data centers has helped Vistra stock rank among the best performers on the S&P 500 in 2024, rising more than 330%.

Shares of Google parent company Alphabet (GoogleThe Justice Department said the tech giant’s shares fell 4.7%, the biggest decliner in the S&P 500. should be forced to divest Its Chrome browser claims the company has a monopoly in the search business. The Justice Department also recommended that Google make changes to ensure that its control of the Android mobile operating system does not disadvantage others. The company said it will submit its proposal in December.

On Thursday, a newsletter focused on short-selling opportunities published a report alleging that aerospace parts supplier TransDigm Group (TDG) engages in price gouging and exploits government inefficiencies to increase profits. The report noted that past allegations of exorbitant financial and accounting irregularities suggest TransDigm may face scrutiny amid the government’s emerging efficiency efforts. TransDigm shares fell 4.1%.

GE Healthcare Technologies (GEHC), the medical technology company that completed its spinoff from General Electric early last year, hosted its 2024 Investor Day. The company raised its quarterly dividend and reaffirmed its organic revenue growth target, highlighting its innovation pipeline, but shares fell 3.4%. GE Healthcare faces a challenging environment in China and said it expects China’s recovery to remain slow in the first half of 2025.