Good morning, Wake-Up Watchlisters! While it is national wine day, lets stick to coffee this morning as we dig into the premarket movement! The markets are currently experiencing a $300 billion AI-led rally on the heels of Nvidia's blowout earnings report (more on that to come). This is some nice relief from the looming threat of the debt ceiling talks which continue to go nowhere. Let's hope the sentiment continues and we can rally into the end of the week. If you want more than hope on your side, we are winning in The War Room, regardless of the market. We locked in a 214% win yesterday and there are more winning trades around the corner. Stop guessing what the market is going to do, click here to join The War Room. Now, let's take a look at the top-moving stocks this morning. Nvidia Corp. (NASDAQ: NVDA) Nvidia Corp. is up 27.54% premarket. Shares of the graphics card company have really taken off after a very strong earnings report earnings report came out last night. Revenue and adjusted EPS beat the markets expectations and the chip maker put out the strongest guidance numbers yet. The race for AI adoption has driven new demand for high powered computing and Nvidia is a leader in the space. While this jump from Nvidia may come a surprise to many, it is not really new to Nate Bear. In his Daily Profits Live service Nate has locked in 9 winners on the stock so far this year with 3 over 100% and 1 for over 312%! Stay ahead of the curve and join him today! Snowflake Inc (NYSE: SNOW) Snowflake Inc. is down 14.4% premarket. Leadership for the cloud software company released a disappointing new sales outlook for the current quarter. Analysts have been suggesting that cloud computing is falling out of favor as new tech like AI takes center stage and this report seems to corroborate that theory. While Snowflake reported an estimated 34% increase in revenue by the end of the year, sales are predicted to fall short of the company's goal by a full $100 million. |
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