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Nvidia’s stock surged nearly 9% after the chip giant provided strong revenue guidance, adding approximately $440 billion to its market capitalization and reassuring investors about sustained artificial intelligence demand.
Casella Waste Systems reported second-quarter revenue growth of 16.9% to $543.7 million, but net income fell 27.6%, reflecting acquisition integration costs outpacing profitability gains.
Seagate and Western Digital gained 6.3% and 5.9% respectively on September 4 as the S&P 500 declined, reflecting investor rotation toward profitable storage infrastructure supporting AI data demands.
On September 4, the S&P 500 fell 0.4% while Sandisk surged 11.9% and Micron gained 6.1%, reflecting investor rotation toward AI memory and storage suppliers.
Installed Building Products reported record second-quarter revenue of $777.8 million, up 2.3% year-over-year, but net income and margins declined as residential insulation sales weakened.
Magnolia Oil & Gas reported second-quarter net income of $181.8 million, up 124% year-over-year, while simultaneously financing its largest acquisition to expand Giddings production assets.
