Wall Street is trading with moderate purchases this Thursday, despite the cuts recorded in Nvidia after publish results last night. However, Those declines in the tech giant are narrowing amid strong volatility in its stocks, and this is encouraging the indices.. It is worth noting that Nvidia has presented impressive results for the second fiscal quarter of 2025, which have surpassed the consensusHowever, the market, which always asks more of this company, has penalized it on the stock market because it has not exceeded the expectations of the most demanding analysts and due to a certain uncertainty in the schedule of its Blackwell chip.
Nvidia won $16.599 billion in the second fiscal quarter of 2025which represents an increase of 168%, and achieved Revenues up 122% to $30.04 billion. It has also announced an additional $50 billion in share repurchases. Bank of America has raised its price target to $165 from 150. It is currently trading at $122. «I could hardly have done better. Actual results and forecasts far exceeded average market expectationsand there was nothing more the company could do to maintain enthusiasm… but nevertheless, did not meet the highest estimates on Wall Street«explains Ipek Ozkardeskaya, senior analyst at Swissquote Bank. «And when I say 'the highest estimates' I mean, for example, some analysts' third-quarter earnings forecast, which was almost 38 billionwhich is an unusual number, but it is also the reason why Nvidia's stock price is falling.» Nvidia has said it expects revenue of $32.5 billion for the third quarterabove the 31.77 billion expected by the market consensus but below those more demanding estimates. The expert adds that the brilliant results were seen overshadowed by delay of next-generation Blackwell chip and growing concerns that the competence will arrive soon to take advantage of Nvidia's monstrous market share, which is close to 80% for advanced chips. Also worth noting are the falls recorded yesterday on Wall Street Super Micro Computer (-19%) after the firm announced that will delay the publication of its accounts for the fiscal year that ended on June 30The company has not detailed the reason, although the decision comes after an attack by the Hindenburg Research hedge fundwho launched accusations a day earlier saying that Super Micro Computer shows «flagrant accounting red flags, evidence of transactions with undisclosed related parties, failures in sanctions and export controls, and problems with customers.» With technology in the spotlight, investors' attention has also focused today on the First revision of US second quarter GDP, which showed a year-over-year growth of 3%, up from the initial 2.8% release. Also released on Thursday were weekly jobless claims, which fell more than expected. On the business front, corporate earnings season continues on Thursday with some notable consumer brands, such as Dollar General, Ulta Beauty and Lululemon Athletica. Campbell Soup and Best Buy are also on the list. Also note that the shares of Salesforce up 3% after the enterprise software giant beat fiscal second-quarter estimates for both revenue and profit, and raised its full-year earnings outlook.
OTHER MARKETS
The euro is trading at $1.1097 (-0.20%). Oil, which lost ground yesterday, is now recovering timidly: the Brent barrel is at $78.70 (+0.06%) and WTI at $74.71 (+0.25%). Gold is up 0.67% (2,554 dollars) and silver 1.16% (29.54 dollars). Bitcoin remains below $60,000 after falling 6% early yesterday. It is now at $59,676. Ethereum is at $2,540. The yield on 10-year US bonds is down to 3.833%.
