NVIDIA (NVDA, Financial) saw a 4.51% decline in its stock, with a trading volume of $26.48 billion. The company announced a $5.5 billion quarterly charge related to increased export controls on its H20 graphics processors, suggesting potential growth slowdowns. Additionally, NVIDIA plans to cease operations of Lepton AI by May 2025.
Tesla (TSLA) dropped 5.75% with a $21.002 billion trading volume as it prepares to report earnings. Recent data indicates a significant sales decline in Europe, with countries like Germany and Denmark experiencing over 50% drops. CEO Elon Musk is expected to discuss future plans in an earnings call.
Netflix (NFLX) rose 1.53% on positive analyst ratings following strong quarterly results. Analysts believe Netflix's aggressive business strategy offers defensive potential in uncertain markets.
Apple (AAPL) fell 1.94%, with analysts maintaining a "sell" rating and lowering the target price due to tariff concerns and trade tensions.
Amazon (AMZN) declined 3.06% amid reports of delayed data center leases, reflecting economic uncertainties affecting tech spending.
Meta Platforms (META) decreased 3.35% as analysts speculate on potential antitrust actions affecting AI innovation.
UnitedHealth (UNH) dropped 6.34% following target price cuts by several brokerages.
Broadcom (AVGO) fell 2.80% after revising its licensing policy to ease pressure on small businesses.
Costco (COST) and TSMC (TSM) also saw declines, with TSMC reporting significant losses at its Arizona plant.
