Nvidia Results, Comcast Spinoff, and UK Inflation: Key Market Movers
From Financial Modeling Prep: 2024-11-21 04:13:00
Nvidia’s Q3 results exceeded expectations with EPS of $0.81 and revenue of $35.1B, driven by data center revenue of $30.8B. Supply constraints for Blackwell AI chips pose challenges for future growth.
Comcast plans to spin off Xumo in 2024 to compete in the digital streaming market. This move signals diversification amid cable industry declines.
UK inflation remains at 4.6% for October, posing challenges for the Bank of England’s targets.
Investors can use the Earnings Historical API to analyze Nvidia’s performance and track inflation-sensitive commodity prices with the Commodities API. Stay vigilant in dynamic global markets.
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