Stock Market Today: NVDA Down After Earnings, CRWD Beats, SMCI Stumbles

welcome to the ramp I'm Caroline Woods here to take you through today's market action all of the major averages closed down ahead of nvidia's after hours earnings the NASDAQ dropped the most 1.2% the S&P and Russell each lost about 610 of a percent and the Dow closed down 410 of 1% nine of the 11 sectors in the S&P closed in the red the biggest lagger once again technology losing 1.3% consumer discretionary lost more than 1% Communications down about 8/10 of % and in perhaps the most highly anticipated earnings event this quarter Nvidia is down despite an earnings beat the company reported quarterly revenue of $30 billion up 15% from last quarter and 122% from last year it also reported record data center Revenue up 154% the company announced $50 billion in share repurchases without expiration as for its AI chips CEO Jensen Wong said Hopper demand remains strong and Blackwell samples are shipping to our customers and partners crowd strike shares Rose following its first earnings report since the catastrophic July it outage that crippled systems across the globe the company promised it would emerge even more resilient and even more customer obsessed as it plans aggressive investments in innovation in its report crowd strike posted 32% growth in annual reoccurring revenue and a record operating cash flow of $327 million meanwhile super micro sold off today Shar slipped 19% after the company delayed its 10K filing super micro said it cannot file the form for its fiscal year ending June 30th without unreasonable effort or expense this after Hindenburg research alleged accounting manipulation within the company shares have plunged 64% off their 52- we high it's a big day on the economic calendar tomorrow we'll get data on GDP jobless claims and international trade in Goods meanwhile Best Buy Dollar General and American Eagle will all release earnings before the bell and then Dell marll and mongod DB will lead tech heavy earnings reports after the Bell that'll do it for the wrap I'm Caroline Woods remember to tune in 247 to Schwab network.com