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Chipmakers in focus – What to know in the markets Friday



<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "It has been an unstable week with wild turns in the market, but on Friday, chipmakers Nvidia ( NVDA ) and Applied Materials ( AMAT ) will be in focus after quarterly results released on Thursday evening. "data-reactid =" 15 "> It has been an unstable week with wild swings in the market, but on Friday, chipmakers Nvidia (NVDA) and Applied Materials (AMAT) will be in focus after their quarterly results released Thursday night.

<p class = "canvas atom canvas text Mb (1

.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Chip giant & nbsp; Nvidia reported a beat on both the top and bottom lines during fiscal second quarter . Nvidia's gaming segment, which was closely monitored, also beat Wall Street estimates. The stock jumped 7% in after-hours trading. "data-reactid =" 16 "> Chip giant Nvidia reported a hit on both top and bottom lines during the fiscal second quarter. Nvidia's closely monitored gaming segment revenue also hit Wall Street. The stock jumped 7% in afternoon trading.

<p class = "canvas atom canvas text Mb (1.0em) Mb (0) – sm Mt (0.8 cm) – sm" type = "text" content = "" We achieved sequential growth on across our platforms, "said Nvidia founder and CEO Jensen Huang & nbsp; in a statement ." NVIDIA's accelerated data processing momentum continues to build as the industry runs to allow for the next frontier in artificial intelligence, call AI, and autonomous systems such as self-propelled vehicles and delivery robots. "" data-reactid = "17"> "We achieved sequential growth on our platforms," ​​Nvidia founder and CEO Jensen Huang said in a statement. "NVIDIA-accelerated data processing continues to build as the industry runs to enable the next frontier in artificial intelligence, call AI, as well as autonomous systems such as self-driving vehicles and delivery robots."

However, Nvidia's fiscal guidance for the third quarter missed expectations. The chip maker expects revenue to be $ 2.9 billion, lower than estimated for $ 2.97 billion in revenue during the third quarter.

<p class = "canvas-atom canvas text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Rival chipmaker & nbsp; Applied Materials posted also a rate on the top and bottom lines during the third quarter . "data-reactid =" 19 "> Rival chip chip Applied Materials also posted a rate on the top and bottom lines during the third quarter.

<p class = "canvas atom canvas text Mb (1.0em) Mb (0) – sm Mt (0.8 em) – sm" type = "text" content = "" Applied Materials delivers solid financial results in a market environment that is still challenging today, "CEO Gary Dickerson & nbsp; said in a statement ." We are excited about the company's future opportunities and fully fund our R&D programs to develop new products and opportunities that will accelerate customers' roadmaps and underpin our growth in the years to come. "" data -reactid = "20"> "Applied Materials delivers solid financial results in a market environment that is still challenging today," said CEO Gary Dickerson in a statement. "We are excited about the company's future opportunities and fully fund our R&D programs to develop new products and opportunities that will accelerate customers' roadmaps and support growth in the years to come."

The company's fourth quarter adjusted earnings per share and Revenue Estimates also met Wall Street expectations. Applied Materials expects adjusted EPS between 72 cents per share and 80 cents per share, estimates were for 75 cents per share. The company expects sales between $ 3.38 billion and $ 3.68 billion, and expectations were for $ 3.63 billion in sales during the fourth quarter.

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "In the meantime, Deere & amp; Co ( DE ) provide quarterly results ahead of the open Friday. "Data-reactid =" 22 "> Meanwhile, Deere & Co (DE) will deliver quarterly results ahead of the open Friday.

The industrial giant is expected to post adjusted earnings of $ 2.84 cents per share of $ 9.38 billion in sales.

<p class = "canvas atom canvas text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = " "data-reactid =" 24 ">

<p class =" canvas-atom canvas text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm "type = "text" content = " Heidi Chung is a reporter at Yahoo Finance. Follow her on Twitter: @heidi_chung . " data-reactid = "25"> Heidi Chung is a reporter at Yahoo Finance. Follow her on Twitter: @heidi_chung .

<p class = "canvas-atom canvas text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = " More from Heidi: "data-reactid =" 26 "> More from Heidi:

<p class =" canvas-atom canvas text Mb (1.0 em) Mb (0) – sm Mt (0.8em) – sm "type =" text "content =" Read the latest financial and business news from Yahoo Finance "data-reactid =" 31 "> Read the latest financial and business news from Yahoo Finance

<p class =" canvas atom canvas text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm "type =" text "content =" Follow Yahoo Finance on Twitter Facebook Instagram Flipboard LinkedIn and reddit . "data-reactid =" 32 "> Follow Yahoo Finance on Twitter [1 9659025] Facebook Instagram [19659026] Flipboard [19659026] LinkedIn and reddit .


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