Nvidia results and outlook
Nvidia reported adjusted earnings of $0.89 per share and sales of $39.331 billion, both above estimates. Its first-quarter revenue outlook of about $43 billion also exceeded the $41.751 billion estimate.
Feb 26, 2025 · QQQ/SPY Market Review · 32 headlines
Early gains fade, leaving QQQ and SPY nearly flat as Nvidia results lead the late news
QQQ opened 0.84% above its previous close and SPY opened 0.54% higher, but both surrendered those gains and finished nearly flat. QQQ ended down 0.04% and SPY fell 0.10%, leaving QQQ ahead by 0.05 percentage points. New-home sales missed estimates, while crude inventories posted an unexpected draw. Nvidia beat quarterly expectations and guided first-quarter revenue above estimates, although both ETFs moved lower after the releases. Amazon's Alexa+ launch kept the expansion of consumer AI products in view.
Published
- QQQ
- -0.04%
- SPY
- -0.10%
- QQQ − SPY
- +0.05%
What shaped the session
Housing and energy data
January new-home sales were 657,000 versus 679,000 expected and 734,000 previously. U.S. crude inventories fell by 2.332 million barrels against an expected 2.500 million-barrel build.
Consumer AI expansion
Amazon launched Alexa+, a generative-AI version of its assistant priced at $19.99 per month, extending competition among large technology platforms in consumer AI.
Key news
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