HomeBusinessHealthcareNVDA, MU, NVAX, NCLH, SAVE Stocks On The Move Lower
NVDA, MU, NVAX, NCLH, SAVE Stocks On The Move Lower

Cathie Wood’s ARK Funds added $51M in Nvidia (NVDA) shares this week. JPMorgan cut the Nvidia (NVDA) stock price target to $230 from $285. Other semiconductor stocks like AMD Inc. (AMD), Intel (INTC), and Micron (MU) were on the move lower today. Specifically, Micron (MU) expects challenging market conditions in the next couple quarters. Micron announced a $40B investment into U.S. manufacturing, which could create up to 40K jobs. Next, Alex Coffey discusses Novavax (NVAX) earnings report that indicated -$6.53 in EPS and $185.93M in revenue, missing the estimates. The NVAX stock price traded lower following the news. Norwegian Cruise Line (NCLH) also missed on earnings and saw occupancy around 80% for the quarter. Finally, Coffey weighs in on Spirit Airlines (SAVE) earnings call that showed -$0.30 in EPS and $1.37B in revenue. The Spirit Airlines average fuel cost per gallon was $4.30 versus $1.95 a year ago.

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