Tech Stocks Earnings Report
Tech stocks, including Nvidia, Tesla, Snowflake, Palo Alto Networks, and Alphabet, are making moves in the market following their quarterly earnings reports. Nvidia reported better-than-expected earnings and strong revenue growth, but its stock declined due to cautious fourth-quarter revenue guidance. Tesla, a customer of Nvidia, saw a slight decline in premarket trading. Alphabet faced pressure as the Justice Department requested the sale of its Chrome browser and restrictions on preferential access to its search engine. Snowflake's stock soared after posting impressive earnings and revenue figures, surpassing expectations. Palo Alto Networks reported strong earnings and raised its fiscal-year guidance, but its stock declined. Target's stock fell significantly after missing earnings estimates. Baidu's U.S.-listed shares declined due to weak advertising demand. Several other tech companies are expected to release earnings reports today.