Nvidia -17% on downside guide as crypto boom ends

Nvidia (NASDAQ:NVDA) plunges 16.6% on Q3 results that beat EPS estimates with a reported $1.84 but missed on revenue with $3.18B. The report included downside guidance and the absence of cryptocurrency mining, which also took out AMD’s (NASDAQ:AMD) -6.6% last earnings report.

AMAT -3% on downside guide, near-term headwinds

Applied Materials (NASDAQ:AMAT) drops 3.3% on Q4 results that beat on revenue with a reported $4.01B (+1% Y/Y) but met on EPS with $0.97. But the report included downside guidance, a near-term headwind mention, and Semiconductor Systems revenue that missed estimates.

Big changes in store for the Fed

“Now is a good time to take stock of how we formulate, conduct, and communicate monetary policy,” says Fed Chairman Jay Powell, announcing an imminent broad review, with results expected about mid-2019.

Facebook responds to NYT report

Facebook (NASDAQ:FB) posts a lengthy response to yesterday’s NYT report detailing how CEO Mark Zuckerberg and COO Sheryl Sandberg “stumbled” during the bumpy past year at the company.