Nvidia Falls on Forecast, JM Smucker Slides, HP Surges
On this episode of Stock Movers: - Nvidia (NVDA) gave a tepid revenue forecast for the current period, signaling that growth is decelerating after a two-year boom in AI spending. The company forecast sales of roughly $54 billion in the fiscal third quarter, which was in line with the average Wall Street estimate, but excluded data center revenue from China. Nvidia shares fell about 2% in extended trading following the announcement, and the company also approved an additional $60 billion in stock buybacks. - JM Smucker (SJM) shares fell after it reported that first-quarter net sales were…
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