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Nvidia and the AI Selloff, Robinhood Falls, Elf Sinks on Missed Estimates
Description
On this episode of Stock Movers:
- Nvidia (NVDA) is on pace for its largest loss in market value since January's DeepSeek selloff. Semiconductor stocks tumbled globally on concerns over lofty valuations for some of the artificial intelligence boom’s biggest winners.
- Robinhood (HOOD) shares fell by as much as 5.8% after the trading platform reported cryptocurrency revenue that came in below estimates. Adjusted operating expenses came in higher than expected and the firm said its CFO is leaving. Still, the company beat estimates on net revenue and adjusted ebitda.
- Elf Beauty (ELF) shares sink after the cosmetics company’s full-year outlooks for adjusted earnings per share and net sales both missed analysts’ estimates.
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