Nvidia Misses Data-Center Target, Tesla’s EU Sales Collapse, and Dollar General Soars
In today’s episode, Nvidia shares slipped nearly 2% despite posting record $46.7B revenue as investors zeroed in on a slight data-center sales miss, underscoring the pressure on its core AI business. Tesla’s European registrations fell 40% in July, marking seven straight months of declines while rival BYD’s sales surged 225%, showing Tesla losing ground in a growing EV market. Retail earnings season closed with Dollar General, Best Buy, and Dick’s topping forecasts, though Bath & Body Works missed, highlighting uneven consumer spending. Google avoided a YouTube TV blackout with a temporary Fox deal while cutting 35% of small-team managers in a cost-saving shake-up. Dollar General stock surged after beating earnings and lifting full-year guidance, while MongoDB soared 38% on strong results and an optimistic forecast. Canada Goose shares jumped on reports of $1.4B take-private bids as Bain Capital looks to exit, and Amtrak launched 160 mph service between Washington, New York, and Boston to better compete with air travel.
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