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Benzinga
Benzinga
Business
Piero Cingari

Tech Stocks Fall Despite Nvidia's Beat, Walmart Jumps 6%: What's Moving Markets Thursday?

tech stocks slip

Nvidia Corp. (NASDAQ:NVDA) delivered another blockbuster quarter and raised its outlook, but even that wasn't enough to lift Wall Street on Thursday. Major indexes gave back substantial morning gains and flipped to the red by midday in New York, as a broader risk-off mood tightened its grip on the market.

The world's largest company posted $57 billion in quarterly revenue, topping the $54.8 billion consensus, while earnings of $1.30 per share beat expectations of $1.25.

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