Key Takeaways
- Novo Nordisk (NVO) shares plummeted over 20% in pre-market trading, extending their drop to 28% and hitting their lowest point since February 2022, following a cut in full-year guidance related to lower growth expectations.
- Boeing (BA) reported better-than-expected Q2 2025 earnings, with an adjusted EPS of -$1.24 against an estimated -$1.48 and revenue of $22.75 billion exceeding the $21.68 billion estimate.
- Nvidia (NVDA) saw a 1.5% increase in pre-market trading after reportedly ordering 300,000 additional H20 chips from Taiwan Semiconductor Manufacturing Company (TSM) due to strong Chinese demand.
- Brazil's Finance Minister Fernando Haddad stated that despite the August 1st deadline for potential US tariffs, negotiations are still possible, emphasizing a focus on dialogue over retaliation.
Major market movements are underway as pharmaceutical giant Novo Nordisk (NVO) faces a significant downturn, while aerospace leader Boeing (BA) delivers a positive earnings surprise. Meanwhile, Nvidia (NVDA) continues its upward trajectory driven by strong demand for its AI chips, and Brazil navigates complex trade negotiations with the United States.
Novo Nordisk (NVO) shares experienced a sharp decline, extending their drop to 28% and reaching their lowest level since February 2022. This significant fall was triggered by the company cutting its full-year guidance, citing lower growth. The pharmaceutical firm had previously seen its shares sink after rival Eli Lilly (LLY) revealed positive clinical trial results for its oral obesity pill.
In contrast, Boeing (BA) delivered a stronger-than-anticipated second-quarter 2025 earnings report. The company posted an adjusted loss per share of -$1.24, which was shallower than the estimated -$1.48. Additionally, Boeing's revenue reached $22.75 billion, surpassing the analyst consensus of $21.68 billion. The company also reported a better-than-expected negative free cash flow.
In the technology sector, Nvidia (NVDA) continued its impressive performance, gaining 1.5% in pre-market trading. This rise comes amidst reports that the chipmaker ordered an additional 300,000 H20 chips from Taiwan Semiconductor Manufacturing Company (TSM), driven by robust demand from China.
On the international trade front, Brazil's Finance Minister Fernando Haddad indicated that negotiations with the United States regarding potential tariffs are still ongoing, despite an August 1st deadline. Haddad emphasized Brazil's commitment to dialogue rather than retaliation, even as the US plans to impose 50% tariffs on various Brazilian exports, citing alleged unfair trade practices and political tensions. Brazil has presented a package of trade proposals to Washington and is awaiting an official response.
Ed Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications.