Nvidia, Airbnb, Pinterest, IAG, Vistry
Nvidia’s Stock Price Soars to New Heights
🚀 Nvidia’s stock price has hit a record high, reaching above $3.6 trillion, as US indices continue to see a boost from Donald Trump’s re-election as president. This historic milestone marks the first time a company has reached a valuation this high.
Shares Close Out Thursday’s Session 2.3% Higher
📈 Shares of Nvidia closed out Thursday’s session 2.3% higher, and looked set for further gains when the market opens on Friday. For the year-to-date, the chipmaker is now more than 200% higher.
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📰 As computing giants have raced to upgrade their AI capabilities, Nvidia has become one of the biggest beneficiaries of the chip boom. According to Reuters, following this year’s surge, Nvidia now exceeds the combined value of Eli Lilly, Walmart, JPMorgan, Visa, UnitedHealth Group, and Netflix.
Airbnb’s Mixed Earnings Report Sends Stock Tumbling
😕 Airbnb’s stock looks set to almost erase a 4.6% gain made on Thursday following a mixed earnings report where it beat revenue estimates, but profit fell short of expectations.
Pinterest Stock Plunges 13% Lower
📉 Pinterest stock was trading more than 13% lower in premarket on Friday, as its guidance for the current quarter troubled investors. Despite beating expectations, the company’s guidance for the current quarter sent its stock tumbling.
British Airways Owner IAG Sees Stock Surge
✈️ British Airways owner IAG was among the top gainers in the FTSE 100 on Friday, up 6.7% in early trade after the company published quarterly results. For the three months to 30 September, revenue was up 7.9%, while operating profit rose 15.4% to just over €2bn.
Vistry Cuts Guidance by 14%
📉 Housebuilder Vistry saw its stock drop on Friday in early trade after it cut guidance for its full-year by 14%, down from £350m to £300m. The move follows a more detailed review of the issues within its Southern Region’s housebuilding business.