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Closing Bell: Nvidia Rises, Shopify Surges 24% as Earnings Roll In
Nvidia climbs after AMD outlook; Shopify soars 24% on a Q2 beat; Sandisk rebounds on AI demand. Plus after-hours results from Expedia, Block and Western Digital — market movers at the close.
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What stands out
Nvidia jumped after Advanced Micro Devices offered an underwhelming sales outlook, and that asymmetric reaction, worse news for a peer translating into relief for a market leader, was the clearest headline from the close. Bloomberg also highlighted Shopify's big beat and Sandisk's dramatic swing, a reminder that earnings season still moves risk appetites in both directions. For long-term investors, the clip concentrates attention on one idea: artificial intelligence (AI) data-center spending is the lens through which near-term guidance is being interpreted, and NVDA sits at the center of that lens.