It’s Nvidia week on Wall Street

The juggernaut semiconductor company is set to release earnings on Wednesday after the close of trading. It would be an understatement to say expectations — driven by searing demand for Nvidia’s graphics processing units, or GPUs, needed for artificial intelligence computing power — are high. The stock rose 90% so far this year, and has tripled over the last 12 months.

But so far, the stock price explosion has been supported the equally explosive profit and sales figures Nvidia has generated. As a result, the company trades at an almost reasonable forward price-to-earnings ratio of about 35. (That seems appropriate compared to the valuation attached to other quasi-monopolies like Microsoft, which trades at 32, and Amazon trades at about 37.)

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Hyunsoo Rim1h

Pinterest sinks after weak revenue guidance and Q3 adjusted EPS misses estimates by 10%

Pinterest plunged nearly 18% in pre-market trading on Wednesday, after the company reported lower-than-expected earnings and a weak holiday-quarter forecast after the bell on Tuesday.

The social media platform posted adjusted EPS of 38 cents, below Wall Street's 42-cent estimates, while revenue matched analysts' expectations at $1.05 billion, up 17% from a year earlier.

The fly in the earnings ointment appears to be the guidance, however, with Pinterest only expecting Q4 sales of $1.31 billion to $1.34 billion, with the midpoint trailing analysts' $1.34 billion forecast.

Global monthly active users came in at an all-time high of 600 million, beating expectations, but average revenue per user came in at $1.78, slightly shy of projections. During the earnings call, CFO Julia Donnelly said the company saw "pockets of moderating ad spend" in the third quarter, as "larger US retailers navigate tariff-related margin pressure."

The company's soft results come as its peers, including Meta, Amazon, and Alphabet, recently reported strong digital ad sales.

CEO Bill Ready said Pinterest’s AI push is “paying off,” highlighting last week's launch of its AI-powered shopping assistant, Pinterest Assistant. Still, growth in its core North American market — which generates roughly three quarters of its revenue — remains a drag heading into the holiday season.

J. Edward Moreno, Hyunsoo Rim

Novo Nordisk cuts outlook again amid obesity drug slowdown and Pfizer bidding war

The Q3 earnings report comes at a tumultuous time for the company.

Taser maker Axon dives after whiffing on earnings; announces acquisition

Need to reload the Taser after this miss.

Matt Phillips15h

J. Edward Moreno

15h

Live Nation reports earnings, sales miss

No one was clapping for these results.

Umphrey's McGee In Concert At Red Rocks Amphitheatre

Arista Networks beats expectations, but stock dives on mediocre guidance

All those data centers are going to need a lot of switches and routers as well as GPUs.

Matt Phillips15h

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