Market trading closed off session lows today with major indexes showing mixed results. The Dow closed +55 points, the S&P 500 was -0.13%, and the Nasdaq surrendered -172 points. Microsoft’s stock sold off, erasing -$430 billion in market cap in one day.
Apple outperformed expectations in its fiscal Q3 report, with earnings of $2.84 per share and revenues of $143.76 billion. Visa posted $3.17 per share, beating estimates, while SanDisk had a huge earnings beat of $6.20 per share and improved revenues of $3.03 billion.
The AI revolution is shifting focus to lesser-known firms with big potential. Beyond Nvidia, little-known AI companies tackling global problems may offer more lucrative opportunities in the future. Want the latest recommendations from Zacks Investment Research? Check out the article for more information.
Read more at Nasdaq: Cold Feet Over AI Spending Brings Nasdaq Down
