Stock futures are little changed, Nvidia shares slip after earnings report: Live updates

Published On Nov 20, 2024, 6:02 PM

Nvidia's latest earnings report beat expectations, yet shares fell by nearly 2%. Investors were anticipating even higher performance from the tech giant, indicating the high expectations surrounding its AI-related advancements. Conversely, Snowflake reported strong earnings, leading to a significant rise of over 19% in its shares. The overall stock market saw mixed results with Dow futures slightly rising while S&P 500 and Nasdaq futures showed little change ahead of upcoming economic data releases and further corporate earnings reports.

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Stock Forecasts

NVDAView NVDA chart on TradingView

Negative

Despite beating earnings expectations, Nvidia's decline in stock price suggests heavy market expectations that may not be met in the near term, which could lead to a bearish sentiment around the stock in the short term. In contrast, Snowflake's robust earnings results signal strong demand and performance, likely indicating positivity for its stock in the near term.

SNOWView SNOW chart on TradingView

Positive

Snowflake's strong earnings suggest that the company is well-positioned for growth, attracting investor interest and likely leading to continued positive performance.

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