Nvidia Rises, Elf Beauty Climbs, Walmart Drops as it Flags Higher Fuel Costs Eroding Retailer’s Earnings

On this episode of Stock Movers:
- Nvidia (NVDA) shares rise. Nvidia Corp. aims to rely less on giant data center operators and predicts other businesses and governments will become a bigger source of revenue for its chips and computing products to support artificial intelligence ambitions.
- Elf Beauty (ELF) shares climb. The cosmetics company beat the average analyst estimate on major profit and revenue estimates. Meanwhile, the company forecast adjusted earnings per share for 2027 that fell short of expectations.
- Walmart (WMT) shares drop. Walmart Inc. warned that fuel costs are squeezing the company’s bottom line and could lead to higher prices for shoppers. The company said comparable sales in US stores rose 4.1%, excluding fuel, in the latest quarter, and forecast adjusted profit for the second quarter that missed analysts’ expectations.

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