NVDA, BKSY, NTNX: Trending Stocks Today 26 May

By Kirsteen Mackay


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Stocks trending today include NVIDIA Corporation (NASDAQ: NVDA), Blacksky Technology Inc (NYSE: BKSY), and Nutanix Inc (NASDAQ: NTNX).

NVDA, BKSY, NTNX: Trending Stocks Today 26 May

U.S. equities are higher in Thursday morning trading. This comes after a positive finish in yesterday's session.

Oil up, gold down and Bitcoin (BTC) down.

Here are some of today's trending stocks:


NVIDIA Corporation (NASDAQ: NVDA) reported Q1 earnings with a weaker than expected growth forecast due to disruption in Russia and a slowdown in China. The company said it will slow its hiring pace and control expenses in the challenging environment.

NVDA stock fell 10% in after-hours trading but has gained 3% in this morning's session. The company's data center business appears strong. Nvidia beat analyst expectations for sales and earnings.

BlackSky Technology Inc (NYSE: BKSY)

Shares in BlackSky Technology Inc (NYSE: BKSY) enjoyed an impressive rally yesterday after the company announced a significant contract win. The BKSY share price gained 96.62% as BlackSky was awarded a10-Year Electro-Optical Commercial Layer (EOCL) contract with the U.S. Government. This contract could be worth up to $1bn.

The BKSY share price is up a further 4.7% this morning, trading at $2.44.

BlackSky offers real-time geospatial intelligence. Its persistent global monitoring services combine state-of-the-art artificial intelligence, cloud computing, multi-sensor data fusion, activity analysis, and autonomous satellite tasking to rapidly deliver essential alerts to those who need to know.

Over the past year, the Blacksky Technology (BKSY) share price has traded between $1 and $13.20.

Nutanix Inc (NASDAQ: NTNX)

Nutanix Inc (NASDAQ: NTNX) stock is down heavily in pre-market trading on a poorer-than-expected outlook. The American cloud computing company sells software, cloud services, and software-defined storage. It announced its Q3 fiscal 2022 financial results after yesterday's session.

Highlights include 28% Y/Y ACV Billings Growth and 17% Y/Y revenue growth, with outperformance across all guided metrics. However, increased supply chain delays paint a challenging picture ahead.

Rajiv Ramaswami, President and CEO of Nutanix, said: 

“Late in the third quarter, we saw an unexpected impact from challenges that limited our upside in the quarter and affected our outlook for the fourth quarter. Increased supply chain delays with our hardware partners account for the significant majority of the impact to our outlook, and higher-than-expected sales rep attrition in the third quarter was also a factor.

We don’t believe these challenges reflect any change in demand for our hybrid multi-cloud platform, and we remain focused on mitigating the impact of these issues and continuing to execute on the opportunity in front of us.”

Over the past year, Nutanix Inc (NTNX) has traded between $19.74 and $44.50. Today's drop means NTNX stock is trading at a 52-week low.


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Author: Kirsteen Mackay

This article does not provide any financial advice and is not a recommendation to deal in any securities or product. Investments may fall in value and an investor may lose some or all of their investment. Past performance is not an indicator of future performance.

Kirsteen Mackay does not hold any position in the stock(s) and/or financial instrument(s) mentioned in the above article.

Kirsteen Mackay has not been paid to produce this piece by the company or companies mentioned above.

Digitonic Ltd, the owner of ValueTheMarkets.com, does not hold a position or positions in the stock(s) and/or financial instrument(s) mentioned in the above article.

Digitonic Ltd, the owner of ValueTheMarkets.com, has not been paid for the production of this piece by the company or companies mentioned above.

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