Closed
The Marked Chart Wire · Business
Nvidia
The Department of Justice is investigating Nvidia's purchase of the AI platform Hugging Face, according to two people familiar with the matter.
Part of a series: Nvidia expands AI tools, partnerships, and hardware deals
Prices from Based on Thu, Oct 29 close · Opens Fri 9:30 AM ET. Each tile opens the stock's chart and news.
New to this? Read: Reading a stock chart
HotIntel
Intel stock fell nearly 17% after hours as the company guided Q4 revenue to $15B-$16B, below the $17B estimate. Gross margins are expected to decline to 37% due to rising memory costs and a persistent PC market slowdown.
HotIntel
Intel shares fell about 10 percent after hours because Q4 revenue and profit forecasts were below expectations. The company cited weak PC demand and supply issues limiting data center output.
Cohere
The AI firm secured new investment from Nvidia and the Canadian government, setting its value above $20 billion.
HotAlphabet Earnings
Alphabet shares fell 13 percent, wiping out about $500 billion in value, after quarterly free cash flow turned negative due to high AI costs. Revenue missed expectations, and the company plans an $85 billion equity raise.
HotAnalyst Ratings
Wall Street firms updated ratings after earnings, with Microsoft targets rising on Azure growth. Alphabet and Fortinet faced downgrades or target cuts due to search and product growth concerns.
HotAlphabet Earnings
Alphabet shares dropped about 10 percent after hours as search revenue grew 12 percent to $63 billion, missing expectations for the second consecutive quarter. Google Cloud revenue doubled to nearly $31 billion, but free cash flow fell to negative $9 billion.
Fast headlines, summarized. Not verified and not advice. Check the full story before you act.