{ }
Symbol NVDA
Name NVIDIA Corporation
Currency USD
Sector Information Technology
IndustryGroup Semiconductors & Semiconductor Equipment
Industry Semiconductors & Semiconductor Equipment
Market NASDAQ Global Select
Country United States
State CA
City Santa Clara
Zipcode 95051
Website http://www.nvidia.com
Chinese shares declined, primarily due to weakness in property stocks, as investors reacted to the recent economic agenda-setting meeting. While there were indications of efforts to enhance consumption, the lack of new policies aimed at stabilizing the housing market left many concerned.
Step Finance has acquired Moose Capital, rebranding it as Remora Markets, to enhance its presence in the Solana blockchain ecosystem. This new platform will offer fractionalized traditional financial assets, such as shares of Nvidia and Tesla, directly on-chain, while addressing challenges like high brokerage fees and slow transactions. Registered in multiple jurisdictions, Remora Markets aims to attract traders with its unique position as the only marketplace for Real-World Assets on Solana, contributing revenue to Step Finance’s $STEP token buyback program.
Dow Jones, S&P 500, and Nasdaq futures showed little change after hours, with Broadcom and Costco reporting earnings. Broadcom's results indicated a potential breakout, while Arm Holdings flashed a buy signal. The stock market rally faced modest losses, particularly among small caps, as the Nasdaq remains near record highs despite a decline in major tech stocks like Nvidia and Adobe.
U.S. stock indexes closed lower on Thursday, pressured by a rise in tech stocks and bond yields following a hotter-than-expected producer price index report, which showed wholesale prices increased by 0.4% in November. Nvidia and Adobe led declines in the Nasdaq, with Adobe's stock plummeting nearly 14% due to a disappointing revenue outlook. The Dow Jones fell over 230 points, while jobless claims rose to 242,000, exceeding forecasts and marking the highest level since early October.
Stocks closed lower as the Dow experienced its longest losing streak since April, dropping 0.5% to 43,914. A hotter-than-expected inflation report and declines in major stocks like Nvidia and Tesla weighed on investor sentiment. ServiceTitan surged 42% in its market debut, while Adobe fell 13.7% due to weak revenue guidance. UnitedHealth Group's shares dropped 3.4% amid bipartisan efforts to break up large healthcare companies.
BlackRock recommends a 1-2% allocation to Bitcoin for investors, equating its risk to that of major tech stocks in a balanced portfolio. The firm emphasizes Bitcoin's unique return profile, driven by adoption rather than cash flows, and suggests it may serve as a tactical hedge against risks, similar to gold. With spot BTC ETFs gaining traction, institutional inflows could significantly impact Bitcoin's market dynamics in 2025.
Wall Street experienced a downturn with the Dow Jones Industrial Average down about 0.5%, the S&P 500 off 0.4%, and the Nasdaq Composite falling roughly 0.5%. Investor confidence wavered following mixed inflation data, with a hotter-than-expected producer price index raising concerns about the Federal Reserve's interest rate decisions. Additionally, Adobe's disappointing revenue forecast, revealing struggles with AI investments, contributed to the negative sentiment, causing its shares to plummet by about 14%.
BlackRock has endorsed a 2% allocation of Bitcoin (BTC) in multi-asset portfolios, suggesting it offers a similar risk profile to the "Magnificent Seven" tech stocks in a traditional 60/40 portfolio. While a small BTC allocation can diversify risk, exceeding 2% may significantly increase portfolio volatility. The firm anticipates that Bitcoin's volatility could decrease with broader institutional adoption, though this may limit future price surges. Bitcoin is currently trading at $101,573, reflecting a 1.1% decline over the past day.
BlackRock recommends a 1-2% bitcoin allocation for multi-asset portfolios, emphasizing its unique risk profile compared to traditional assets. Meanwhile, Step Finance plans to launch tokenized stock trading on Solana by Q1 2025, targeting the $14 billion real-world asset market. Avalanche has raised $250 million for its upcoming upgrade, aiming to significantly reduce blockchain deployment costs.
The Dow Jones Industrial Average and major indexes reacted to unexpected inflation data, with the Dow inching higher while the S&P 500 and Nasdaq fell. Adobe's stock plummeted 11% after a disappointing sales outlook, while Tesla and Nvidia also faced declines after recent highs. The producer price index rose 0.4% in November, exceeding expectations, and first-time jobless claims unexpectedly increased to 242,000.

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