Small caps paced a generally mild drop in stocks Thursday while gold miners fell sharply and China-based highfliers took a breather. But some growth players muscled higher and triggered new breakout points and follow-on entries on the stock market today.
Enterprise software juggernaut Microsoft, like most tech stocks, had started September on the wrong foot. Shares also experienced heavier selling pressure after an Oppenheimer research analyst reduced his forecast for Microsoft's Azure cloud computing revenue for the fiscal year ending in June 2025. Definitely, shares are still not ready for a new breakout and a big run to all-time highs, which would make every investor owning Microsoft stock happy.
Nvidia stock jumped on Thursday as CEO Jensen Huang said demand for its next-generation Blackwell chips has been "insane."