Latest news with #VanEckSemiconductorETF
Yahoo
3 days ago
- Business
- Yahoo
QQQ Jumps After NVDA Beats on Top and Bottom Lines
Nvidia Corp. (NVDA), the second-largest holding in both the SPDR S&P 500 ETF Trust (SPY) and Invesco QQQ Trust (QQQ), reported fiscal first-quarter earnings after the bell on Wednesday that beat analyst expectations, sending shares higher. Shares of the chip giant were last trading up by 4.5%, pulling QQQ higher by 0.6%. The chip giant posted adjusted earnings per share of $0.96, ahead of the $0.93 consensus estimate. Revenue came in at $44.1 billion, also topping the $43.3 billion estimate. The stock fluctuated as investors digested Nvidia's second-quarter revenue guidance of $45 billion, that was slightly below the $45.2 billion estimate. That figure includes a notable drag from Nvidia's AI chip for the Chinese market, the H20, which is now facing export restrictions. In its CFO commentary, Nvidia disclosed that first-quarter revenue was reduced by about $2.5 billion due to U.S. export restrictions impacting shipments to China. The pain worsens in the second quarter, where management expects a revenue hit of roughly $8 billion tied to the H20 restrictions. Despite the China drag, Nvidia's data center segment remains dominant, with revenue of $39.1 billion in the first quarter, making up the bulk of the company's revenues.'NVIDIA is putting digestion fears fully to rest, showing acceleration of the business other than the China headwinds around growth drivers that seem durable. Everything should get better from here,' said analysts at Morgan Stanley. Meanwhile, analysts at Citi said they "expect NVDA stock to break its range-bound trend since mid-last year and likely make a fresh 52 week high."625 U.S.-listed ETFs hold Nvidia stock, according to ETF Stock Holdings tool. The VanEck Semiconductor ETF (SMH) is one of the largest holders of the stock, with a 21% position. It was last trading up by around 1%. Editor's note: This article has been updated to include commentary from analysts and additional | © Copyright 2025 All rights reserved
Economic Times
4 days ago
- Business
- Economic Times
US stocks end down as Fed minutes get digested
Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel U.S. stock indexes closed lower on Wednesday as investors digested minutes from the last Federal Reserve meeting and awaited results from AI bellwether report is due after the closing bell. Analysts expect the chipmaker to report a jump in first-quarter revenue, according to LSEG data."The market is spinning its wheels today," said Peter Cardillo, chief market economist at Spartan Capital Securities in New York. Losses mounted, however, ahead of the closing bell."The Fed minutes really didn't reveal anything new," he said. "They basically indicate the Fed is in a wait-and-see mode and staying the line, trying to get more clarifications on trade."U.S. President Donald Trump backed down over the weekend from his threat of 50% tariffs on imports from the European Union, driving stocks up sharply on Nvidia, Salesforce results are due after the closing in options markets were bracing for industry-wide volatility, with defensive options contracts drawing heavy attention for the VanEck Semiconductor ETF , the largest semiconductor to preliminary data, the S&P 500 lost 31.59 points, or 0.53%, to end at 5,889.95 points, while the Nasdaq Composite lost 91.27 points, or 0.47%, to 19,107.89. The Dow Jones Industrial Average fell 237.24 points, or 0.56%, to 42, of Cadence Design Systems and Synopsys were down sharply after the Financial Times reported that the Trump administration has ordered U.S. firms that offer software used to design semiconductors to stop selling their services to Chinese groups. The FT report cited people familiar with the to the minutes of the Fed's May 6-7 session, U.S. central bank officials acknowledged they could face "difficult tradeoffs" in coming months in the form of rising inflation alongside rising S&P 500 is still down from its record closing high, reached on February 19. It fell as much as 18.9% below that level in the wake of Trump's erratic tariff announcements that have whipsawed markets for much of his second term.A poll of strategists and analysts conducted by Reuters showed that many market participants expected the benchmark index to finish the year near current of sportswear retailer Dick's Sporting Goods gained after its first-quarter results beat estimates.
Time of India
4 days ago
- Business
- Time of India
US stocks end down as Fed minutes get digested
U.S. stock indexes closed lower on Wednesday as investors digested minutes from the last Federal Reserve meeting and awaited results from AI bellwether Nvidia. Nvidia's report is due after the closing bell. Analysts expect the chipmaker to report a jump in first-quarter revenue, according to LSEG data. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Bank-Repossessed Cars in the Philippines at Bargain Prices! SUV Deals | Search Ads Search Now Undo "The market is spinning its wheels today," said Peter Cardillo, chief market economist at Spartan Capital Securities in New York. Losses mounted, however, ahead of the closing bell. "The Fed minutes really didn't reveal anything new," he said. "They basically indicate the Fed is in a wait-and-see mode and staying the line, trying to get more clarifications on trade." U.S. President Donald Trump backed down over the weekend from his threat of 50% tariffs on imports from the European Union, driving stocks up sharply on Tuesday. Live Events Besides Nvidia, Salesforce results are due after the closing bell. Traders in options markets were bracing for industry-wide volatility, with defensive options contracts drawing heavy attention for the VanEck Semiconductor ETF , the largest semiconductor ETF. According to preliminary data, the S&P 500 lost 31.59 points, or 0.53%, to end at 5,889.95 points, while the Nasdaq Composite lost 91.27 points, or 0.47%, to 19,107.89. The Dow Jones Industrial Average fell 237.24 points, or 0.56%, to 42,106.41. Shares of Cadence Design Systems and Synopsys were down sharply after the Financial Times reported that the Trump administration has ordered U.S. firms that offer software used to design semiconductors to stop selling their services to Chinese groups. The FT report cited people familiar with the move. According to the minutes of the Fed's May 6-7 session, U.S. central bank officials acknowledged they could face "difficult tradeoffs" in coming months in the form of rising inflation alongside rising unemployment. The S&P 500 is still down from its record closing high, reached on February 19. It fell as much as 18.9% below that level in the wake of Trump's erratic tariff announcements that have whipsawed markets for much of his second term. A poll of strategists and analysts conducted by Reuters showed that many market participants expected the benchmark index to finish the year near current levels. Shares of sportswear retailer Dick's Sporting Goods gained after its first-quarter results beat estimates.
Yahoo
5 days ago
- Business
- Yahoo
SOXL, Semiconductor Stocks Jump Ahead of Nvidia Earnings
After a rocky start to 2025, the semiconductor sector has staged a dramatic comeback as investors pile into chipmakers with renewed optimism. The biggest winners? ETFs that double—or triple—down on the space, like the Direxion Daily Semiconductor Bull 3X ETF (SOXL), which surged nearly 10% Tuesday and has now more than doubled since the 2025 low on April 8. Even without the supercharged leverage, semiconductor stocks have gained more than 35%, as measured by the chip sector benchmark VanEck Semiconductor ETF (SMH), since that low mark. With U.S.-China trade tensions easing and the semiconductor leader Nvidia's (NVDA) earnings looming large this week, Wall Street has rediscovered its appetite for the high-growth potential of semiconductors, which are driving the tech sector and the broader U.S. stock market higher. Let's dive into what's driving this powerful rebound and what investors might expect for the rest of the year. One of the biggest catalysts for the semiconductor rally has been the de-escalation in trade tensions between the U.S. and China. After months of uncertainty and tit-for-tat tariffs that had weighed heavily on tech and manufacturing, the White House paused further tariffs in April. That move not only brought relief to global supply chains but also boosted investor confidence that the worst of the trade disruption might be behind us—for now. Semiconductors sit at the heart of this trade story. Companies like Nvidia, Advanced Micro Devices Inc. (AMD) and Qualcomm Inc. (QCOM) rely heavily on both Chinese manufacturing and demand, and any sign of improved U.S.-China relations tends to spark buying in these names. The fact that the broader market has rallied in tandem suggests this isn't just short-term optimism—it could be the beginning of a more sustainable upward trend for the sector. The next major event on investors' radar is Nvidia's quarterly earnings call after the market closes today. Analysts are expecting big things. The chipmaker is widely seen as the front-runner in artificial intelligence infrastructure, and demand for its GPUs remains strong in both the data center and consumer markets. If Nvidia beats expectations, and perhaps more importantly, issues bullish guidance, the entire semiconductor space could get another jolt higher, as well as the broader but tech-heavy S&P 500 index. Traders are positioning for just that. Options activity and semiconductor ETF gains illustrate the heightened expectations. But it's not without risk. If Nvidia misses or disappoints with cautious guidance, we could see a swift reversal—especially in highly volatile instruments like leveraged ETFs. Looking beyond earnings, investors are balancing strong fundamentals in the chip space—think AI growth, edge computing and auto semis—with macro risks like slowing global growth and still-fragile international relations. If economic growth falters later in 2025, cyclicals like semiconductors may come under pressure again. But for now, the trend is clear: Momentum is back. Semiconductor stocks have made an impressive comeback, fueled by improving geopolitics and the promise of blockbuster earnings. Leveraged ETFs like SOXL have been standout performers in this rebound, but they're also high-risk tools best used with care. For investors looking to participate in the rally, the next few weeks could be pivotal. Nvidia's earnings may set the tone for the second half of the year—and while the outlook is optimistic, markets remain sensitive to economic data, trade policy and the Fed's next moves. Bottom line: The chips are back in play. Just be sure to manage risk and stay informed, especially when the market is moving this | © Copyright 2025 All rights reserved Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Recorder
5 days ago
- Business
- Business Recorder
Wall St edges lower as markets await Nvidia earnings
Wall Street's main indexes fell slightly on Wednesday, after a sharp rally in the previous session sparked by easing trade tensions, as investors awaited AI bellwether Nvidia's results and minutes from the U.S. Federal Reserve's last policy meeting. Nvidia is expected to report a 66.2% surge in first-quarter revenue, according to data compiled by LSEG. Shares of the chipmaker slipped 0.2% ahead of its earnings, due to be released after markets close. 'How AI demand plays out has far-reaching implications for the U.S. market as we head into June, and many will be waiting to see today's report before doubling into the May bounceback in risk,' said Bob Savage, head of markets macro strategy at BNY. Traders in the options markets are bracing for industry-wide volatility, with defensive options contracts drawing heavy attention for the VanEck Semiconductor ETF the largest semiconductor ETF. At 11:22 a.m. ET, the Dow Jones Industrial Average fell 102.80 points, or 0.24%, to 42,240.85, the S&P 500 lost 10.95 points, or 0.18%, to 5,910.59, and the Nasdaq Composite lost 10.66 points, or 0.06%, to 19,187.97. Most megacap and growth stocks shed initial gains and were mostly flat. Meta Platforms outperformed with a 0.5% rise. Ten of the 11 major S&P 500 sub-sectors fell, with energy and utilities being the biggest laggards. Dow component Salesforce was down 0.7% and is also scheduled to report earnings after the bell. Wall St rises more than 1pc as Trump backs down on EU tariffs All three main Wall Street indexes soared in the last session after U.S. President Donald Trump backed down over the weekend from his threat of 50% tariffs on imports from the European Union. The S&P 500 is now about 4% off its record closing high, reached on February 19, falling as much as 18.9% below that level in the wake of Trump's erratic tariff announcements that have whipsawed markets for much of his second term. A poll of strategists and analysts conducted by Reuters showed that many market participants expected the benchmark index to finish the year near current levels. Minutes from the U.S. Federal Reserve's last policy meeting, when the central bank held borrowing costs steady, are slated for release at 2 p.m. ET. Yields on long-dated U.S. government bonds were slightly higher after scaling multi-month highs last week. Global bond markets have been in the spotlight over concerns about fiscal sustainability in major economies including the United States and Japan. In earnings, Michael Kors-owner Capri Holdings advanced 4.8% after its fourth-quarter revenue beat analyst estimates. Shares of sportswear retailer Dick's Sporting Goods gained 1.2% after its first-quarter results beat estimates. Cybersecurity firm Okta flagged risks related to the uncertain economic environment but stuck to its full-year outlook. Its shares dropped nearly 14%. Declining issues outnumbered advancers by a 2.72-to-1 ratio on the NYSE and by a 1.91-to-1 ratio on the Nasdaq. The S&P 500 posted 21 new 52-week highs and no new lows, while the asdaq Composite recorded 51 new highs and 49 new lows.
