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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
NVIDIA Corporation is at the forefront of technological innovation, particularly in AI and quantum computing, driving advancements across various sectors including healthcare, autonomous vehicles, and smart cities. The company's strategic focus on integrating AI with quantum computing positions it for significant growth, appealing to investors seeking long-term opportunities in emerging technologies. With a commitment to sustainability and energy-efficient solutions, NVIDIA is poised to redefine the technological landscape.
Bitcoin's market capitalization has surpassed $2 trillion, driven by expectations of a more lenient regulatory environment under Donald Trump's administration and the nomination of Paul Atkins to the SEC. The cryptocurrency has surged 135% this year, reaching a peak of $103,620, fueled by the approval of Bitcoin spot ETFs and increased trading activity. Speculation about government crypto reserves is also contributing to the price momentum, as Bitcoin continues to dominate the digital currency landscape.
Bitcoin's market capitalization has surpassed $2 trillion, fueled by expectations of looser regulations under Donald Trump's potential SEC head, Paul Atkins, known for his pro-crypto stance. The price of Bitcoin has surged 135% this year, reaching $103,620, driven by the approval of Bitcoin spot ETFs and increased trading activity. Speculation about state crypto reserves is also contributing to the bullish sentiment in the market.
Hon Hai Precision Industry Co., also known as Foxconn, reported a 3.5% sales growth in November, totaling NT$672.59 billion ($20.7 billion), following an 8.6% increase in October. This marks the second consecutive month of single-digit growth, raising concerns that AI infrastructure demand may not compensate for declining iPhone sales. The combined sales for October and November fall short of the 13% growth projected by analysts.
Global stocks reached a record high following Jerome Powell's optimistic remarks on the US economy, which bolstered risk assets. While Asian shares rose, US equity futures remained stable after gains in major tech stocks. In Europe, the euro faced challenges amid political turmoil in France, and market expectations for a Federal Reserve rate cut later this month persisted.
A chip stock may be poised for a catch-up trade with Nvidia, as indicated by recent chart analysis. Investors are closely monitoring this potential opportunity in the semiconductor market, which could lead to significant movements in stock performance.
Technology stocks reached their first all-time high since July, with the Nasdaq Composite rising 1% as investors flocked to major software and megacap companies. The Technology Select Sector SPDR Fund (XLK) gained 1.8%, driven by strong earnings from Salesforce, Adobe, and ServiceNow. Notable gains also came from Marvell Technology, which surged 23%, while Apple and Nvidia set new records among the Magnificent Seven.
Hiccups are emerging in leveraged ETFs tracking MicroStrategy as their popularity surges amid a bull market, raising concerns about investor euphoria. These funds, designed for daily returns, are struggling to meet their goals due to high volatility and a lack of swap supply, leading to significant discrepancies in returns. Despite these challenges, the single stock ETF market continues to grow, with new funds being launched.
South Korean President Yoon Suk Yeol declared martial law for the first time in 50 years, citing threats from opposition groups. This move has sparked political turmoil, leading to an impeachment motion against Yoon and public protests, while the markets reacted with a temporary weakening of the Korean won. The outcome of the impeachment vote is anticipated to influence market stability moving forward.
IG
Damac Group, led by billionaire Hussain Sajwani, plans to invest approximately $3 billion in building data centers across Southeast Asia, targeting Malaysia, Indonesia, and Thailand over the next three to five years. The first facility in Thailand, set to begin operations in March in Bangkok, will utilize Nvidia Corp. chips.
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