Carvana (CVNA) posted its first ever annual profit and issued a strong first-quarter forecast. Shares of the company are moving higher on Friday in response to the report. Yahoo Finance Reporter Pras Subramanian joins the Live show to discuss the report and give key insights into what investors should know when considering Carvana for their portfolios. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Nicholas Jacobino
Nvidia’s valuation briefly surpassed $2 trillion during Friday’s session, Carvana rallied on upbeat sales guidance, and Block’s quarterly gross profit jumped 22%.
The S&P 500 and Dow Jones Industrial Average clung to gains on Friday and all three Wall Street indexes appeared headed for weekly gains as some momentum ebbed from this week's dizzying recent rally. There was still enough juice around artificial intelligence to propel AI poster child Nvidia above $2 trillion in market valuation for the first time.