Nvidia's second-quarter profits were well below its year-ago earnings but were nicely ahead of analyst expectations.
Trump and China seem to be extending olive branches toward each other.
The GPU giant beat quarterly estimates and offered a sales outlook that was better than what many feared. In a post-earnings talk with TheStreet, CFO Colette Kress suggested sales of Nvidia's latest gaming GPUs will be strong this quarter.
Gary Dickerson, president and CEO, in a statement called the results `solid' in a `market environment that remains challenging for the time being.'
The Chinese e-commerce giant soundly beat June quarter estimates while reporting strong for its bread-and-butter Chinese e-commerce operations.
Graphics-chip maker's earnings and revenue beat analysts' estimates.
Cisco shares tumble after the networking giant issues soft guidance.