The S & P 500 saw a 0.7% increase on Thursday, despite Nvidia’s post-earnings decline. Even though the AI chipmaker outperformed estimates on both revenue and profit, the stock dropped 3.5% due to lower-than-expected full-year outlook on gross margins. Jim Cramer pointed out that Nvidia’s CEO, Jensen Huang, fell short of analysts’ high expectations. He cautioned investors against buying the dip immediately, suggesting a wait-and-see approach.
While the CNBC Investing Club expressed interest in purchasing more Dover shares, they were restricted from doing so at the moment. Dover, a company specializing in thermal connectors for data center liquid cooling technology, stands to benefit as more data center operators opt for this innovative solution. As Nvidia sells more GPUs to clients utilizing liquid cooling, Dover’s stock gained 0.7% on Thursday.
Salesforce shares rose by over 1% following a strong earnings report, showcasing a promising quarter for the enterprise software company. Jim Cramer praised the company’s margin growth and highlighted their upcoming AI tools as exciting offerings in the pipeline. The positive momentum surrounding Salesforce has positioned the stock well for potential future growth.
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