On this episode of Stock Movers:
- Walmart (WMT) is ticking lower this morning as the retail giant warns of higher prices from tariffs. President Trump told Walmart to stop blaming tariffs for raising prices, citing the company's billions of dollars in profits last year. CFO John David Rainey said price increases will happen in May.
- Nvidia (NVDA) shares are tumbling this morning as CEO Jensen Huang outlined plans to let customers deploy rivals’ chips in data centers built around its technology, a move that acknowledges the growth of in-house semiconductor development by major clients from Microsoft and Amazon. The announcement, made at Computex in Taiwan, is significant for the company, but the broader market decline overshadowed the news.
- Home Depot (HD) shares are lower this morning as they are expected to report shrinking same-store sales due to tariff-fueled economic anxiety and consumer pullback, similar to earnings from Target, also set for this week. Still, Evercore ISI is adding Home Depot to the firm's "Tactical Outperform List" ahead of the company's Q1 earnings report.
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