The server maker stunned Wall Street last quarter when it preannounced results substantially higher than what analysts had been expecting.

The Dow Jones Industrial Average rose more than 300 points on Monday after as AI chipmaker Nvidia bounced back from last week’s steep decline. Tesla stock continued its recent slide ahead of Tuesday’s closely watched earnings report for Elon Musk’s EV maker.

Nvidia rises after shares of the artificial-intelligence chip maker tumbled 10% on Friday, Tesla extends losses after cutting prices in the U.S., China, and Europe, and Verizon loses fewer-than-expected subscribers in its consumer wireless postpaid phone business but the stock falls.

Key Takeaways U.S. equities gained at midday Monday, April 22, ahead of tech earnings and a key report on inflation due later in the week.Shares of Coinbase and other companies in the cryptocurrency sector advanced following the halving of Bitcoin.

Pre-market trading activity indicated a 2.8% increase in shares of Super Micro Computer. The company faced a sharp decline of 23% on Friday following its announcement that it would report earnings on April 30 without providing preliminary results for its fiscal third quarter.