Because many of the listed companies are foreign-based or do most business overseas, the value of the pound is a factor as well. A weaker pound means a dollar-based company would be worth more in pounds, and a rising pound means companies doing business in Europe would earn less in …

Cautions Concerning Forward-Looking StatementsThis press release contains “forward-looking statements” as defined in the Private Securities Litigation Reform Act of 1995 regarding future operating and financial performance. Forward-looking statements may be identified by the use of words such as “plans,” “expects,” “will,” “anticipates,” “estimates” and other words of similar meaning. The …

This is pretty common if Wall Street’s expectations exceed the company’s performance, even if that performance is solid. Nvidia beat estimates handily, delivering revenues of $35.1 billion and earnings per share (EPS) of $0.81. The frenzy around AI is sweeping up other stocks, and Snowflake jumped 32.7% after reporting stronger …