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Stocks Falter, Metals Fall As Traders Turn Cautious Ahead Of Fed Minutes, Nvidia Earnings; First Solar Hits Record Highs: What’s Driving Markets Wednesday?

By Piero Cingari
May 22, 1:02 PM
Wall Street experienced a muted session on Wednesday morning as traders adopted a cautious stance ahead of the Federal Reserve meeting minutes release at 2 p.m. EDT and Nvidia Corp.

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Analog Devices Beats On Q2 As Inventory Rationalization Takes Effect, CEO Predicts Cyclical Recovery And Growth In AI Investments

By Anusuya Lahiri
May 22, 10:21 AM
Analog Devices saw a 34% decline in revenue but still beat analyst estimates with an adjusted EPS of $1.40. CEO Vincent Roche is optimistic about a return to growth in the third quarter due to inventory stabilization and new orders. ADI expects third-quarter revenue of $2.27 billion and adjusted EPS of $1.50.

ADI