Traders enactment connected the level of the New York Stock Exchange during greeting trading connected August 26, 2025 successful New York City.
Michael M. Santiago | Getty Images
Stock futures fell connected Wednesday evening arsenic investors weighed Nvidia's latest quarterly results.
S&P 500 futures traded 0.3% lower, and Nasdaq 100 futures slipped astir 0.5%. Meanwhile, futures tied to the Dow Jones Industrial Average were down 24 points, oregon 0.05%.
In extended trading, shares of Nvidia – which makes up astir 8% of the S&P 500, per FactSet – fell astir 3%, adjacent aft its second-quarter results bushed Wall Street's estimates. Chip stocks besides came nether a spot of unit pursuing the artificial quality bellwether's results, arsenic AMD, Taiwan Semiconductor and Broadcom each fell 1% successful sympathy.
Heading into the print, capitalist expectations were elevated arsenic the S&P 500 closed astatine a grounds high. Even though Nvidia's results surpassed expectations, investors were mounting the barroom adjacent higher.
"The antagonistic banal absorption feels similar a spot of an incorrect knee-jerk reaction," David Wagner, caput of equity astatine Aptus Capital Advisors, said, adding that investors should beryllium "buying the pullback."
"The institution is inactive increasing implicit 50% connected their guidance astatine a $50B quarterly gross tally complaint – that's remarkable, adjacent for the existent valuation," helium said.
Notably, Nvidia said determination were nary income of H20 chips to China during the quarter, nor did the institution presume immoderate shipments successful its guidance. The White House said earlier this period that it's still moving retired the "legality" of its 15% export taxation connected Nvidia and AMD.
"That's important due to the fact that that's conscionable an unknown. Do they really get that licence for the H20 and commencement making sales?" Art Hogan, main marketplace strategist astatine B. Riley Wealth Management, told CNBC. "Not putting thing into the Q3 usher means that there's much upside imaginable if, successful fact, they get the licence for the H20 into China."
To beryllium sure, Hogan besides said that helium believes the AI roar is inactive successful "the precise aboriginal innings." He thinks that overall, the marketplace volition "breathe a suspiration of relief" connected Thursday, with investors reasoning "Nvidia is inactive the king of the artificial quality revolution" aft CEO Jensen Huang "does different masterful occupation of explaining what we should beryllium looking for moving forward."
The marketplace is coming disconnected a winning league Wednesday. The S&P 500 and the Nasdaq Composite likewise roseate astir 0.2%, with the wide marketplace scale hitting a grounds close, portion the Dow Jones Industrial Average precocious 0.3%.
The marketplace is connected gait to people a monthly summation arsenic good pursuing Wednesday's moves, arsenic the S&P 500 and the Nasdaq are each up much than 2%, portion the 30-stock Dow is up much than 3% successful the period.
Nvidia, Snowflake, NetApp among the names making moves aft hours
Some stocks are making large moves successful extended trading Wednesday:
- Nvidia – Shares of the spot elephantine fell much than 3%. The company's second-quarter results beat connected the apical and bottommost lines, posting adjusted net of $1.05 per stock and $46.74 cardinal successful revenue. That's compared with the $1.01 per stock and $46.06 billion, respectively, that analysts surveyed by LSEG were anticipating. Data halfway gross tallied $41.1 billion. Although that marked a 56% summation twelvemonth implicit year, it missed the StreetAccount estimation of $41.34 billion.
- Snowflake – Shares jumped astir 12% connected the heels of the information unreality and artificial quality institution posting better-than-expected second-quarter results. Snowflake earned 35 cents per share, aft adjustments, connected gross of $1.14 billion, supra the nett of 27 cents per stock and $1.09 cardinal successful gross that analysts were expecting. Its third-quarter guidance was besides upbeat.
- NetApp – The banal fell much than 6% aft the intelligent information infrastructure company's first-quarter results conscionable hardly bushed expectations. The institution earned $1.55 per share, excluding items, and $1.56 cardinal successful revenue, portion analysts were looking for $1.54 per stock and $1.55 cardinal successful revenue, according to LSEG. Its outlook was besides astir successful enactment with expert estimates.
Read the afloat database of names here.
— Sean Conlon
S&P 500 futures unfastened little aft Nvidia earnings
S&P 500 futures fell Wednesday nighttime connected the heels of Nvidia's caller net report.
Shortly aft 6 p.m. ET, futures tied to the wide marketplace scale declined 0.3%, portion Nasdaq 100 futures fell 0.5%. Futures tied to the Dow Jones Industrial Average mislaid 30 points, oregon 0.1%.
— Sean Conlon
English (US) ·