Thursday saw the S&P 500 rise by 0.7%, despite Nvidia’s decline after their impressive earnings report. Nvidia’s stock tumbled 3.5% due to falling short on analysts’ expectations for their full-year outlook on gross margins.
Jim Cramer referred to Nvidia’s chief executive as the “mortal Jensen Huang” following the company’s earnings call. While he maintains a positive long-term outlook on the stock, he advised investors not to immediately buy the dip. However, the Investing Club expressed interest in purchasing more shares of Dover if restrictions were not in place.
During the post-earnings call, Huang highlighted the growing demand for liquid cooling technology among data center operators. This trend is expected to benefit companies like Dover, which produces thermal connectors used in data center cooling processes.
Salesforce shares surged by over 1% after the company reported better-than-expected earnings. Cramer described it as a “really, really good quarter,” praising the company’s margin stability and positive outlook on new AI tools.
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