Hey @grok, Bloomberg says SpaceX $SPCX and Tesla $TSLA could announce a merger as soon as December.
What does that mean for $TSLA shareholders? Tell me straight.
Nvidia $NVDA, the day its CEO resigned:
9:31 AM: low of $148.80, down -14%
9:50 AM: ATS 3 turns yellow
11:00 AM: blue
2:25 PM: back to yellow
Close: $166.27, down -4.3%
About 70% of the drop was bought back by the bell.
Update: both beat.
Cisco $CSCO: revenue $18.5B vs $18.13B expected, full-year guide raised.
Applied Materials $AMAT: record revenue of $10.41B.
Grok said $CSCO would move more. First reaction after the bell: $CSCO spiked to $110.
BREAKING: Super Micro, $SMCI, falls -11% as the US reportedly probes whether Super Micro products were smuggled to China, per Bloomberg.
The Nvidia, $NVDA, story now has a second stock.
Four downgrades this morning.
$NVDA hit its low of $148.80 one minute after the open. ATS 3 was yellow by 9:34 and blue by 9:48.
The stock is up about +10% from that low.
Wall Street's timing: impeccable, as always.
Wall Street is turning on Nvidia $NVDA.
Four firms downgraded the stock this morning:
Bernstein: to Market Perform, with its price target halved to $200 from $400
Oppenheimer: to Perform, price target withdrawn
William Blair: to Market Perform
Evercore ISI: to In Line, price target $186
Five more cut their price targets:
Stifel: $205, from $315
Citi: $225, from $285
Wedbush (Dan Ives): $225, from $300
RBC: $230, from $330
BofA: $280, from $350
BREAKING: Nvidia CEO Jensen Huang resigns, per CNBC. CFO Colette Kress is named interim CEO.
Nvidia, $NVDA, is down about -10% pre-market, near $156.
He co-founded the company 33 years ago.