After Hours Most Active for Nov 26, 2024 : NVDA, TPR, CNK, IGF, VLY, AAPL, PLTR, UAA, BP, WBD, CNH, BAC
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 26 2024
0mins
Source: NASDAQ.COM
NASDAQ 100 After Hours Performance: The NASDAQ 100 is down -14.19 to 20,908.71 with a total after-hours volume of 125,635,569 shares traded, featuring several active stocks including NVIDIA and Apple, which have seen positive earnings forecast revisions.
Stock Highlights: Notable stock movements include NVIDIA (unchanged at $136.92), Tapestry (unchanged at $61.06), and Cinemark (down -0.03 at $32.81), while iShares Global Infrastructure ETF increased by 0.1063 to $55.36, reflecting a significant rise from its 52-week low.
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Analyst Views on AAPL
Wall Street analysts forecast AAPL stock price to fall
27 Analyst Rating
17 Buy
9 Hold
1 Sell
Moderate Buy
Current: 308.330
Low
239.00
Averages
306.89
High
350.00
Current: 308.330
Low
239.00
Averages
306.89
High
350.00
About AAPL
Apple Inc. designs, manufactures and markets smartphones, personal computers, tablets, wearables and accessories, and sells a variety of related services. Its product categories include iPhone, Mac, iPad, Wearables, Home and Accessories. Its services include advertising, AppleCare, cloud services, digital content, and payment services. The Company operates various platforms, including the App Store, that allow customers to discover and download applications and digital content, such as books, music, video, games and podcasts. It also offers digital content through subscription-based services, including Apple Arcade, Apple Fitness+, Apple Music, Apple News+, and Apple TV+. Its wearables include smartwatches, wireless headphones, and spatial computers. Its products include iPhone 16 Pro, iPhone 16, iPhone 15, iPhone 14, iPhone SE, MacBook Air, MacBook Pro, iMac, Mac mini, Mac Studio, Mac Pro, iPad Pro, iPad Air, AirPods, AirPods Pro, AirPods Max, Apple TV, Apple Vision Pro and others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Apple Increases Trade-In Values for Multiple Devices Ahead of WWDC
- Trade-In Value Increase: Apple has raised the trade-in values for several devices ahead of the Worldwide Developers Conference, with the iPhone 16 Pro Max increasing from $685 to $695, indicating confidence in upcoming product launches.
- iPad Trade-In Adjustments: The trade-in value for the iPad Pro has been raised from $670 to $690, and the iPad Air from $445 to $460, aiming to encourage consumers to upgrade and enhance market competitiveness.
- Mac Device Trade-In Changes: The trade-in value for the MacBook Pro increased from $685 to $690, while the iMac Pro decreased from $325 to $315, reflecting Apple's dynamic adjustments based on market demand to optimize inventory management.
- Smartwatch Trade-In Fluctuations: The trade-in value for the Apple Watch Ultra 2 rose from $295 to $305, although the Apple Watch Ultra dropped to $205 from $215, showcasing the complex competitive landscape in the smartwatch market.
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- Gathering of Industry Leaders: With Apple CEO Tim Cook as the chair of the advisory board, Huang's participation is likely to enhance the board's influence in the industry, attracting more tech giants to focus on China's innovation ecosystem.
- Impact on US-China Relations: Huang's previous visit to China with former President Trump suggests that his new role may help ease tensions in the US-China tech sector, fostering collaboration in technology and education between the two nations.
- Strategic Collaboration Opportunities: By partnering with Tsinghua University, Nvidia could gain access to additional research and development resources, driving innovation in artificial intelligence and semiconductors, thereby strengthening its competitive position in the market.
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- Nvidia Valuation Insight: Nvidia trades at a price-to-earnings ratio of 24, making it the second cheapest among the 'Magnificent Seven' tech stocks, following Meta, despite being the leader in AI earnings, indicating market caution regarding its future growth potential.
- Significant Revenue Growth: Nvidia's revenue surged from $60 billion two years ago to $215 billion in the latest fiscal year, showcasing its successful pivot from gaming to AI chips, although investors express concerns about the sustainability of such growth.
- New Platform Launch: Nvidia is set to launch its Vera Rubin platform in Q3, designed to meet the demands of the AI agent era by integrating training and inference, suggesting a potential new wave of growth, with the current stock pullback providing a favorable entry point for investors.
See More
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- Market Valuation Fluctuations: Despite significant gains in AI stocks over the past few years due to technological prospects, concerns over high valuations have led to a drop in companies like Nvidia, reflecting market caution regarding future growth.
- Significant Revenue Growth: Nvidia's revenue surged from $60 billion to $215 billion in the past two years, showcasing its strong performance in the AI sector, although the market expresses skepticism about the sustainability of such growth.
- Expansive AI Market Outlook: The AI market is projected to exceed $2 trillion by the end of the decade, positioning Nvidia at the center of this growth wave, potentially leading to new opportunities for expansion.
- New Platform Launch: Nvidia plans to launch the Vera Rubin platform in Q3, aimed at meeting the demands of the AI agent era, which could provide the company with new growth momentum.
See More
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- Foot Locker Recovery: The acquisition of Foot Locker by Dick's resulted in a 0.6% comparable sales growth for the first time, with North America performing even better at 1.4%, laying a foundation for future sales growth.
- Nike Stock Reaction: Despite Dick's shares falling 5% due to mixed guidance, Nike's stock rose 2% following Dick's earnings report, reflecting market optimism about Nike's recovery, especially with the upcoming World Cup.
- China Market Challenge: Nike faces a forecasted 20% revenue decline in China, which remains a significant challenge for its overall recovery, even as North America wholesale revenue grew by 11%.
See More
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- Major Partnership Agreement: Snowflake has secured a $6 billion spending commitment from Amazon Web Services, planning to utilize Amazon's custom silicon and AI chips over the next five years, significantly enhancing its technological capabilities in the AI sector.
- Strong Financial Performance: In its fiscal Q1 2024 report, Snowflake posted an adjusted earnings per share of $0.39 and revenue of $1.39 billion, reflecting a 33% year-over-year increase and surpassing analyst expectations, indicating sustained growth momentum.
- Optimistic Market Outlook: The company anticipates a 12.5% adjusted operating margin for fiscal Q2 2024, with product revenue projected between $1.415 billion and $1.420 billion, underscoring strong demand and profitability in the AI market.
- Acquisition of AI Startup: Snowflake also announced the acquisition of AI startup Natom for an undisclosed amount, further solidifying its strategic positioning in the AI landscape and demonstrating its commitment to future technological advancements.
See More
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- Trade-In Value Increase: Apple has raised the trade-in values for several devices ahead of the Worldwide Developers Conference, with the iPhone 16 Pro Max increasing from $685 to $695, indicating confidence in upcoming product launches.
- iPad Trade-In Adjustments: The trade-in value for the iPad Pro has been raised from $670 to $690, and the iPad Air from $445 to $460, aiming to encourage consumers to upgrade and enhance market competitiveness.
- Mac Device Trade-In Changes: The trade-in value for the MacBook Pro increased from $685 to $690, while the iMac Pro decreased from $325 to $315, reflecting Apple's dynamic adjustments based on market demand to optimize inventory management.
- Smartwatch Trade-In Fluctuations: The trade-in value for the Apple Watch Ultra 2 rose from $295 to $305, although the Apple Watch Ultra dropped to $205 from $215, showcasing the complex competitive landscape in the smartwatch market.
See More
Nvidia CEO Jensen Huang Joins Tsinghua University Advisory Board
- New Advisory Board Member: Nvidia CEO Jensen Huang has accepted an invitation to join the advisory board of Tsinghua University's School of Economics and Management, indicating his commitment to engaging with the Chinese market, which could facilitate Nvidia's business expansion in China.
- Gathering of Industry Leaders: With Apple CEO Tim Cook as the chair of the advisory board, Huang's participation is likely to enhance the board's influence in the industry, attracting more tech giants to focus on China's innovation ecosystem.
- Impact on US-China Relations: Huang's previous visit to China with former President Trump suggests that his new role may help ease tensions in the US-China tech sector, fostering collaboration in technology and education between the two nations.
- Strategic Collaboration Opportunities: By partnering with Tsinghua University, Nvidia could gain access to additional research and development resources, driving innovation in artificial intelligence and semiconductors, thereby strengthening its competitive position in the market.
See More
Nvidia's AI Stock Pullback Presents Investment Opportunity
- AI Market Outlook: The AI market is projected to exceed $2 trillion by 2030, attracting a rush of investments that have driven stock prices up, although recent high valuations have limited the performance of some AI stocks.
- Nvidia Valuation Insight: Nvidia trades at a price-to-earnings ratio of 24, making it the second cheapest among the 'Magnificent Seven' tech stocks, following Meta, despite being the leader in AI earnings, indicating market caution regarding its future growth potential.
- Significant Revenue Growth: Nvidia's revenue surged from $60 billion two years ago to $215 billion in the latest fiscal year, showcasing its successful pivot from gaming to AI chips, although investors express concerns about the sustainability of such growth.
- New Platform Launch: Nvidia is set to launch its Vera Rubin platform in Q3, designed to meet the demands of the AI agent era by integrating training and inference, suggesting a potential new wave of growth, with the current stock pullback providing a favorable entry point for investors.
See More
Nvidia's Valuation Drops Amid AI Market Dynamics
- Market Valuation Fluctuations: Despite significant gains in AI stocks over the past few years due to technological prospects, concerns over high valuations have led to a drop in companies like Nvidia, reflecting market caution regarding future growth.
- Significant Revenue Growth: Nvidia's revenue surged from $60 billion to $215 billion in the past two years, showcasing its strong performance in the AI sector, although the market expresses skepticism about the sustainability of such growth.
- Expansive AI Market Outlook: The AI market is projected to exceed $2 trillion by the end of the decade, positioning Nvidia at the center of this growth wave, potentially leading to new opportunities for expansion.
- New Platform Launch: Nvidia plans to launch the Vera Rubin platform in Q3, aimed at meeting the demands of the AI agent era, which could provide the company with new growth momentum.
See More
Dick's Sporting Goods Signals Stabilizing Demand, Bright Spot for Nike
- Sales Growth Signal: Dick's Sporting Goods reported a 6% same-store sales increase in its latest earnings, surpassing expectations and indicating a stabilizing demand for athletic footwear, which could positively impact Nike.
- Foot Locker Recovery: The acquisition of Foot Locker by Dick's resulted in a 0.6% comparable sales growth for the first time, with North America performing even better at 1.4%, laying a foundation for future sales growth.
- Nike Stock Reaction: Despite Dick's shares falling 5% due to mixed guidance, Nike's stock rose 2% following Dick's earnings report, reflecting market optimism about Nike's recovery, especially with the upcoming World Cup.
- China Market Challenge: Nike faces a forecasted 20% revenue decline in China, which remains a significant challenge for its overall recovery, even as North America wholesale revenue grew by 11%.
See More
Snowflake Secures $6 Billion Commitment from Amazon for AI Services
- Major Partnership Agreement: Snowflake has secured a $6 billion spending commitment from Amazon Web Services, planning to utilize Amazon's custom silicon and AI chips over the next five years, significantly enhancing its technological capabilities in the AI sector.
- Strong Financial Performance: In its fiscal Q1 2024 report, Snowflake posted an adjusted earnings per share of $0.39 and revenue of $1.39 billion, reflecting a 33% year-over-year increase and surpassing analyst expectations, indicating sustained growth momentum.
- Optimistic Market Outlook: The company anticipates a 12.5% adjusted operating margin for fiscal Q2 2024, with product revenue projected between $1.415 billion and $1.420 billion, underscoring strong demand and profitability in the AI market.
- Acquisition of AI Startup: Snowflake also announced the acquisition of AI startup Natom for an undisclosed amount, further solidifying its strategic positioning in the AI landscape and demonstrating its commitment to future technological advancements.
See More
