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Nvidia Drops on SoftBank Sale, RealReal Boosts Revenue Guidance, CoreWeave Tumbles
Description
On this episode of Stock Movers:
- Nvidia (NVDA) shares drop after SoftBank sold its entire stake in Nvidia for $5.83 billion to help bankroll AI investments. Softbank has sold out of Nvidia once before in 2019, then resumed buying small stakes in Nvidia in 2020.
- RealReal (REAL) shares gained as much as 27% on Tuesday, hitting their highest level since December 2021, after the online marketplace for luxury goods boosted its revenue guidance for the full year to beat the average analyst estimate.
- CoreWeave (CRWV) shares tumbled after the cloud-computing provider reported its third-quarter results and said a data center delay would impact fourth-quarter expectations, prompting JPMorgan to downgrade the stock. Analysts note that the supply constraints are short term but highlight execution risks.
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