Our clearing firm Apex Clearing Corp has purchased an additional insurance policy. An explanatory brochure is available upon request or at Our clearing firm, Apex Clearing Corp., has purchased an additional insurance policy.
Webull Financial LLC is a member of SIPC, which protects securities customers of its members up to $500,000 (including $250,000 for claims for cash). Webull Financial LLC is a member of the Financial Industry Regulatory Authority ( FINRA), Securities Investor Protection Corporation ( SIPC), The New York Stock Exchange ( NYSE), NASDAQ and Cboe EDGX Exchange, Inc ( CBOE EDGX). The company added that it slowed operating expenses during the quarter, but would continue with its stock buyback program.Īdvanced Micro Devices ( AMD) and Marvell Technology ( MRVL) both fell roughly 2% in sympathy after the weak results from Nvidia ( NVDA).Securities trading is offered to self-directed customers by Webull Financial LLC, a broker dealer registered with the Securities and Exchange Commission (SEC). "As we expect the macroeconomic conditions affecting sell-through to continue, we took actions with our gaming partners to adjust channel prices and inventory." "Our gaming product sell-through projections declined significantly as the quarter progressed," said Nvidia ( NVDA) Chief Executive Jensen Huang, in a statement.
Conversely, data center revenue rose 1% sequentially and 61% year-over-year to $3.81B. The company said its gaming business was the main culprit of the shortfall, as gaming revenue fell 44% sequentially and 33% year-over-year to $2.04B. Nvidia ( NASDAQ: NVDA) shares plunged 8% on Monday after the graphics chipmaker preannounced weaker-than-expected second-quarter revenue driven mostly by what the company said was disappointing gaming sales.įor the period ending July 31, Nvidia ( NVDA) said it generated $6.7B in revenue, down 19% from a year ago, compared to expectations of $8.1B.
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