Shares of leading designer of graphics chips Nvidia (NASDAQ:NVDA)
jumped 6% in the afternoon session after the company said it would sell more than 18,000 of its AI chips (GB300 Blackwell chips) to Saudi Arabian company Humain to be used in a 500 megawatt data-center project. The agreement also includes further expansion with "several hundred thousand" additional chips potentially planned for delivery within five years.
Shares of data-mining and analytics company Palantir (NYSE:PLTR)
jumped 8.9% in the afternoon session after Bank of America analyst Perez Mora raised the stock's price target to $150 while maintaining a Buy rating.
Shares of 3D printing company 3D Systems (NYSE:DDD) fell 25.8% in the afternoon session after the company reported disappointing first quarter 2025 results: its revenue, EPS, and EBITDA missed Wall Street's estimates significantly. Revenue declined, largely tied to a drop in materials sales in the dental market, where customers cut orders to manage inventory. Looking ahead, management pulled full-year guidance, citing uncertainty in customer budgets and global tariff risks. Overall, this was a weaker quarter.
Shares of waste and recycling services provider Quest Resource (NASDAQ:QRHC)
fell 5.2% in the afternoon session after the company reported weak first quarter 2025 results, its revenue missed significantly and its EPS fell short of Wall Street's estimates. Sales fell by 6% and gross profits declined, as higher costs and fewer contracts dragged performance down.
Gold prices are recovering amid trade deal uncertainty and a cautious Fed. Ongoing inflation concerns boost demand for gold as a safe haven. Technically, gold remains bullish with support at $3,150 and resistance around $3,300.
MoneyShow, a leading producer of live and online financial conferences for investors, traders, and financial advisors, today announced the upcoming “ Navigating Volatility, Finding Opportunity: A Virtual Expo ,” set to take place May 21-22, 2025. “Investors face several key issues in this market environment. They include far-reaching U.S. tariffs, geopolitical tensions, inflation concerns, evolving trade dynamics, the potential for interest rate cuts, and the surge in safe-haven assets,” said MoneyShow’s Editor-in-Chief Mike Larson. “Our star-studded line-up of speakers will provide attendees with in-depth context to the latest market moves. They will also share highly actionable insights on minimizing risks in choppy seas, maximizing profit avenues, and repositioning portfolios to manage uncertainty across the second half of the year.”
Economists and analysts are pleased overall with April's CPI data, but there is some disagreement as to the effect of tariffs and a possible increase in inflation later this year.
Wall Street's rally stretched into a second session Tuesday, fueled by improving investor sentiment after an early-week breakthrough in U.S.-China trade talks, easing inflation data and fresh geopolitical headlines involving major investment pledges from the Middle East.
In the dynamic landscape of the global financial market, Polyprofit Asset Management Limited (Polyprofit) has emerged as a rising star, making remarkable strides in a short span since its establishment. Incorporated on October 21, 2024, with the business registration number 77210733, this private limited company has been dedicated to carving out a unique niche in the asset management sector.
Manufacturing company Stanley Black & Decker (NYSE:SWK) reported Q1 CY2025 results topping the market’s revenue expectations, but sales fell by 3.2% year on year to $3.74 billion. Its non-GAAP profit of $0.75 per share was 14.5% above analysts’ consensus estimates.
