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Barchart
Barchart
Oleksandr Pylypenko

Stocks Muted Before the Open as Investors Digest Nvidia’s Stumble, U.S. GDP Data in Focus

Nvidia United States GDP US Federal Reserve John Williams Olli Rehn Affirm Holdings Autodesk Dollar General ECB

September S&P 500 E-Mini futures (ESU25) are up +0.03%, and September Nasdaq 100 E-Mini futures (NQU25) are down -0.06% this morning, pointing to a muted open on Wall Street as investors digest Nvidia’s underwhelming earnings report.

Nvidia (NVDA) fell nearly -2% in pre-market trading after the chipmaker reported slightly weaker-than-expected Q2 revenue from the important data center segment and gave Q3 revenue guidance that, while still strong in absolute terms, fell short of lofty expectations. Adding to investors’ disappointment, the company said its sales forecast does not factor in shipments of its H20 chip to China.

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