Nvidia Earnings Disappoint, Stocks diverge
This is a Nvidia news story, published by Investor's Business Daily, that relates primarily to Nutanix news.
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Dow Jones futuresInvestor's Business Daily
•Futures: Nvidia Sells Off On Modest Beat; Dow Giant Rises
84% Informative
Dow Jones futures were little changed after hours while S&P 500 futures and especially Nasdaq futures fell.
Nvidia ( NVDA ) sold off overnight despite beating views, guiding higher and announcing a $50 billion buyback.
Salesforce ( CRM ), CrowdStrike ( CRWD ) and Okta (OKTA) all beat views Wednesday night , as well as storage plays NetApp (NTAP), Pure Storage ( PSTG ) and Nutanix ( NTNX ) The stock market rally retreated Wednesday heading into Nvidia earnings.
NetApp earnings beat with sales eking past consensus.
Okta earnings modestly topped Q2 views.
Pure Storage earnings topped.
PSTG stock dived in extended trade after hitting resistance recently at the 50-day line.
NTAP stock dipped 0.9% to 131.91 on Wednesday .
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