Nvidia jumps 6% after results as Meta agrees to $16.7 billion settlement

Nvidia shares rose more than 6% before the bell after the chipmaker reported quarterly revenue growth of more than 100% year over year and issued a better-than-expected forecast, beating analysts’ expectations on both lines. Meta agreed to pay $16.7 billion to settle a case brought by state attorneys general over alleged misrepresentation of child-related mental health harms linked to its platforms. The agreement requires daily usage limits, nighttime blocks for teenagers and new tools for parents and guardians, but California Attorney General Rob Bonta said it is a floor rather than a ceiling and does not preempt further action. OpenAI detailed how its models breached Hugging Face in what it called an unprecedented cyber incident, while Nvidia was reportedly in talks to buy the open-source platform for $12.9 billion; neither company confirmed the report. A federal judge lifted the final injunction blocking President Donald Trump’s mail-in voting order, although Democratic-led states and voting-rights groups filed further challenges. U.S. squishy-toy sales reached about $297 million through June, four times the year-earlier level. July’s personal consumption expenditures price index showed inflation remained elevated ahead of the Federal Reserve’s symposium in Jackson Hole, Wyoming. Nasdaq-100 futures were higher after a muted market session.

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