Updated throughout the trading day
Here’s a look at how the major indexes are performing around 6:00 PM:
- S&P 500 is up 0.69 percent
- Nasdaq Composite is up 1.06 percent
- Dow Jones is up 0.51 percent
After the New York Stock Exchange closed, technology giant Nvidia is scheduled to release its quarterly earnings. Portfolio manager Harald Jeremiassen at Holberg anticipates another strong report from the chipmaker.
“The general sentiment, especially from those working with data chips, is that we can expect ‘blowout numbers’ once again,” he said.
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Expects ‘Blowout’ Numbers from Nvidia
The quarterly report from the chipmaker is considered a key test for the entire technology sector, according to CNBC. The strength of Nvidia’s results will be closely watched by investors.
“Whether confidence in the market can be maintained in the coming days will depend, in part, on Nvidia’s results,” said Ulrike Hoffmann-Burchardi, head of global equities, according to CNBC.
Nvidia shares are up 2.17 percent.
Oracle Stock Jumps After Upgrade
Technology giant Oracle is up 2.83 percent after investment bank Oppenheimer upgraded the stock, CNBC reports.
Oppenheimer raised its rating from “perform” to “outperform” and set a price target of $185. That represents a 27 percent upside from current levels.
Oracle shares have fallen 13 percent over the past year and are down 25 percent so far in 2026. Analyst Brian Schwartz believes the sharp decline has created an attractive entry point for investors.
“While we may be early, as it will take time for Oracle to demonstrate financial success as a more capital-intensive business, we see favorable risk-reward after the stock’s multiples have been cut by more than half since September,” Schwartz wrote, according to CNBC.
HP Lowers Expectations
Computer and printer manufacturer Hewlett Packard is adjusting down its expectations for the fiscal year after the cost of memory chips has skyrocketed.
HP shares are up 1.58 percent.
The company announced Tuesday that its annual results will be near the lower finish of previous forecasts, according to the Wall Street Journal.
HP and other computer manufacturers are struggling with higher costs as the artificial intelligence boom has driven up prices for memory chips. Data centers building AI systems are competing for the same components.
For the current quarter, HP expects memory prices to be about double those of the previous quarter.
“We are well-practiced at managing headwinds,” said CFO Karen Parkhill.
The company previously said it plans to raise prices on computers and work with cheaper suppliers to offset the costs.
Despite the challenges, HP delivered better-than-expected results in the first quarter. Revenue rose 6.9 percent to $14.44 billion, compared with a Bloomberg consensus of $13.9 billion, driven by growth in sales of AI-enabled computers.
In November, HP announced it would cut up to 10 percent of its workforce as part of an AI push.
