Nvidia surpassed Microsoft to become the world's most valuable company with a $3.44 trillion market cap, driven by surging demand for its AI chips and blockbuster earnings.
The market finished higher today with help from Nvidia -- which surpassed Microsoft in market cap for the first time since January -- along with the rest of the semiconductor sector.
Insurance industry-focused software maker Guidewire (NYSE:GWRE) announced better-than-expected revenue in Q1 CY2025, with sales up 22% year on year to $293.5 million. Guidance for next quarter’s revenue was better than expected at $336 million at the midpoint, 1.1% above analysts’ estimates. Its non-GAAP profit of $0.88 per share was 88.1% above analysts’ consensus estimates.
Shares of financial services company Robinhood (NASDAQ:HOOD)
jumped 6.3% in the afternoon session after stocks edged higher (Nasdaq +0.9%, S&P +0.6%) while momentum in the crypto space picked up amid concerns the proposed spending bill (One Big Beautiful Bill) would raise the already bloated US fiscal deficit, making it difficult to keep inflation under control.
According to a Reuters report, Qwant has argued that Microsoft’s control over search delivery is distorting competition and harming alternative engines.
BofA Securities analyst's survey shows lower growth intentions for software spending in 2025 and 2026. Data Analytics, Security, and Public Cloud are top priorities.
Rubrik is integrating AMD EPYC processors to enhance its data security platform, deliver cost-effective AI solutions, and expand deployment in cloud environments.
Shares of discount retailer Dollar General (NYSE:DG)
jumped 13% in the morning session after the company reported impressive first-quarter 2025 results, which blew past analysts' sales, operating profit, and EPS expectations. What really made the difference was people spending more during each visit, which pushed sales up and helped make up for the modest decline in traffic.
Guidance was also encouraging. Revenue projections for the full year edged higher, and the EPS range saw a slight lift at the low end. However, management also expressed concern over tariff-driven cost increases and their potential impact on consumer spending. Still, we think this was a solid quarter with some key areas of upside.
Shares of social commerce platform Pinterest (NYSE: PINS)
jumped 5% in the morning session after JP Morgan upgraded the stock rating from Neutral to Buy and raised the price target from $35 to $40. The firm cited "progress in adding users and improving monetization."
CoreWeave stock popped to a new all-time high on Tuesday. Nvidia-backed CoreWeave on Monday signed a long-term data center leasing deal with Applied Digital.
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