Bitcoin Climbs to Fresh High, Market Shifts into Climb
Tuesday, markets fell, but Bitcoin climbed to a new all-time high at $94k shortly after 2 pm ET.
After the 4:01 p.m. ET close, the $NASDAQ(.IXIC)$
$Super Micro Computer (SMCI.US)$ climbed 25% after the data center firm said it had filed a plan with Nasdaq with a new auditor BDO USA, to eventually file its 10k fiscal year 2024 results that are more than six months late. It was the highest advancer on the S&P 500 and the Nasdaq 100.
$Walmart (WMT.US)$ stock climbed slightly ~3% after raising its full-year forecast, revenue increased 5.5%, and eps and sales came in above estimates. Its stock buybacks sent its EPS up 850% from 6C. Adjusted EPS climbed 10%.
$Lowe's Companies (LOW.US)$ meanwhile, fell 4%, after the firm's EPS and sales beat estimates, but same-store sales fell 1% in the third quarter. The firm said about 40% of the cost of its goods sold originate outside the US, indicating how big a slice of the business could be hit with changes due to import tariffs.
$Bakkt Holdings (BKKT.US)$, a crypto trading firm owned by the same people that own the New York Stock Exchange, climbed 164% Monday after a report from the Financial Times that $Trump Media & Technology (DJT.US)$ was looking to buy and absorb the firm into its social media business.
$PDD Holdings (PDD.US)$ climbed slightly, with its earnings due Thursday.
Shares of AI software firm $C3.ai (AI.US)$ were trading more than 21% just after 12:14 PM ET on Tuesday at $32.15, a more than four-month high.
Shares of $NEBIUS (NBIS.US)$ were trading more than 8% higher just after 12:50 pm ET on Tuesday after it announced its first US graphics processing unit, GPU, cluster in Kansas City, Missouri, will go live in early 2025 to support artificial intelligence workloads.
Shares of $H&R Block (HRB.US)$ and $Intuit (INTU.US)$ were down Tuesday morning following a Washington Post report that the leaders of President-elect Donald Trump's "Department of Government Efficiency" have discussed the creation of a mobile app for Americans to file their taxes for free with the IRS, Bloomberg reported.
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