Stocks to Watch Today: Nvidia, Live Nation and Southwest Airlines
Image courtesy of 123rf.com

Stocks to Watch Today: Nvidia, Live Nation and Southwest Airlines

Nvidia’s shares soared after the chipmaker beat earnings once again, Live Nation and Southwest Airlines saw their shares dipped on news of legal troubles.
Neither the author, Tim Fries, nor this website, The Tokenist, provide financial advice. Please consult our website policy prior to making financial decisions.

Nvidia’s (NASDAQ: NVDA) stock surged to new heights Friday morning, reaching an all-time high of $1,036.20 per share, a 9.13% increase from the previous close after another blockbuster earnings result. The semiconductor giant’s market capitalization now stands at an impressive $2.554 trillion, with a trailing twelve-month P/E ratio of 79.59 and earnings per share of $17.09.

The company’s stock has seen remarkable returns over the past year, with a 233.16% increase and even more impressive long-term growth, boasting a mind-blowing 2,647.48% return over the past five years.

Nvidia’s Stellar Earnings and Growth

Nvidia’s recent earnings report revealed the company’s continued dominance in the market. Revenue reached $26.0 billion, an 18% increase quarter-over-quarter and a 262% increase year-over-year. In particular, the company’s data center revenue saw explosive growth, reaching $22.6 billion, a 23% increase quarter-over-quarter and a 427% increase year-over-year.

Gross margins remained strong at 78.4% (GAAP) and 78.9% (Non-GAAP), while operating income and net income both significantly increased. The company also announced a ten-for-one forward stock split, a 150% increase in its quarterly cash dividend, and several new product launches, including the NVIDIA Blackwell platform, DGX SuperPOD, Quantum, and Spectrum X800 series switches.

Live Nation (NYSE: LYV) Faces Antitrust Lawsuit

Live Nation, the parent company of Ticketmaster, saw its stock plunge 4.94% to $96.39 following news that the U.S. Department of Justice filed a major antitrust lawsuit against the company, an event that was expected to happen.

The lawsuit alleges that Live Nation and Ticketmaster have an illegal monopoly that has driven up prices for fans. The DOJ seeks to break up the two companies, which could have significant implications for the live entertainment industry. Live Nation’s market capitalization currently stands at $22.306 billion, with a trailing twelve-month P/E ratio of 93.03 and earnings per share of $1.08.

Southwest Airlines (NYSE: LUV) Sued Over Alleged Discriminatory Promotion

Southwest Airlines, the Dallas-based low-cost carrier, is facing legal troubles of its own after being sued for offering free tickets exclusively to Hispanic students.

The lawsuit alleges that the program is a discriminatory practice that violates federal anti-discrimination laws. The program offered free tickets to select Hispanic students for educational purposes. The lawsuit’s outcome could have significant consequences for the company’s policies regarding promotions. Southwest Airlines’ stock has seen an over 4% dip in today’s trading session at the time of writing, trading at $26.28.

Do you think Nvidia’s double beat was surprising or par for the course? Let us know in the comments below.

Disclaimer: The author does not hold or have a position in any securities discussed in the article.