Today's News
Nvidia (NVDA, Financial) has resolved a design flaw in its Blackwell line of GPUs that previously delayed production. CEO Jensen Huang admitted the issue was entirely Nvidia's fault, affecting yield. Taiwan Semiconductor (TSM) assisted in overcoming the yield problems, allowing Nvidia to resume manufacturing. Despite the setback, demand for Blackwell remains high, though Nvidia shares dipped 0.7% in premarket trading.
Qualcomm (QCOM, Financial) is facing a significant legal challenge as Arm Holdings (ARM) has terminated its architectural license agreement with the chipmaker. This decision, which comes with a 60-day notice, has already impacted Qualcomm's stock, which fell 4.7% in premarket trading. The termination escalates ongoing legal disputes between the two companies, rooted in Qualcomm's acquisition of Nuvia.
McDonald's (MCD, Financial) is under scrutiny following an E. coli outbreak potentially linked to onions in its Quarter Pounders. The incident has led to a downgrade from Baird to a Neutral rating, citing concerns about near-term demand in the U.S. market. Despite this, J.P. Morgan remains optimistic about McDonald's long-term brand resilience.
Texas Instruments (TXN, Financial) experienced a 3% rise in premarket trading after reporting a Q3 earnings beat. While guidance was weak, analysts remain optimistic about future performance, particularly in the automotive sector, where Texas Instruments is gaining traction, especially in the Chinese EV market.
Boeing (BA, Financial) reported a substantial $6.17 billion loss for the third quarter, with CEO Kelly Ortberg acknowledging the need for cultural and operational changes within the company. Boeing's revenue hit $17.8 billion, but cash burn remains a concern, highlighting the challenges ahead for the aerospace giant.
Coca-Cola (KO, Financial) posted strong Q3 results, with organic sales surpassing expectations. The company's revenue was slightly down year-over-year, but EPS exceeded consensus, driven by significant growth in Latin America and North America. Coca-Cola's performance outshined that of PepsiCo (PEP) for the same period.
Seagate Technology (STX, Financial) declared a quarterly dividend increase to $0.72 per share, reflecting a 2.9% hike. Despite mixed earnings results, the company's forward yield remains attractive to investors.
NextEra Energy (NEE, Financial) maintained its long-term financial outlook despite a revenue miss in Q3. The company continues to focus on growth, with expectations for adjusted earnings per share to rise through 2027, alongside a projected annual dividend increase.
Starbucks (SBUX, Financial) announced a 7% increase in its quarterly dividend to $0.61 per share, payable in November. This move comes amid broader market challenges and reflects the company's commitment to returning value to shareholders.
GuruFocus Stock Analysis
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