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Yahoo Finance host Julie Hyman tracks today's top moving stocks and biggest market stories in this Market Minute, including Snowflake (SNOW) shares seeing continued gains after posting its first-ever quarter where revenue exceeded $1 billion, Nvidia (NVDA) reached out to Navitas Semiconductor Corporation (NVTS) for a data center collaboration, and Hims & Hers Health (HIMS) falling after Wall Street analysts cite concerns.
Stay up to date on the latest market action, minute-by-minute, with Yahoo Finance's Market Minute.
It's time for Yahoo Finance's market minute. Stocks wavering after the House passed its budget bill. Investors weighing what it could mean for America's growing deficit. Checking in on Snowflake shares, they're jumping after the cloud storage company reported quarterly revenue over a billion dollars for the first time. Snowflake also issuing upbeat guidance as it benefits from enterprise spending on artificial intelligence. Shares of chipmaker Navitas soaring today up around 130% after after Nvidia tapped the company to collaborate on its next generation data centers. Nvidia shares are also higher on the day, just under a percent. And telehealth company Hims and Hers under pressure as analysts expressed caution around the company's growth outlook. City flagging that signal's drug benefit unit capping out of pocket costs for weight loss drugs to $200 a month could pressure Hims and Hers. BFA also expressing concerns about slowing sales at the company. And that's your Yahoo Finance market minute. For more and what's trending on Yahoo Finance, scan the QR code below.
