{ }
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
Bitcoin paused just below $100,000 as traders assessed the optimism from President-elect Trump's pro-crypto stance. The cryptocurrency dipped to $95,776 before recovering to $98,065, while US bond yields showed signs of stabilization after a two-month selloff. Oil prices reached two-week highs amid rising geopolitical tensions, and US business activity hit a 31-month high, reflecting hopes for pro-business policies under Trump. Meanwhile, Nvidia shares fell over 3% due to disappointing revenue growth projections, and the SEC summoned Gautam Adani over bribery allegations.
Major U.S. indexes ended the week positively, with the Dow Jones up 2% and the Russell 2000 surging 4.5%, as investors shifted focus from large-cap tech to small- and mid-cap stocks. Despite Nvidia and Alphabet facing declines, Amazon's $4 billion investment in AI startup Anthropic highlights ongoing interest in the sector. At COP29, developed nations pledged $300 billion annually to combat climate change, significantly increasing their previous commitment.
CoreWeave, an AI cloud platform based in New Jersey, is targeting a valuation exceeding $35 billion for its U.S. IPO, expected in the second quarter of 2025, aiming to raise over $3 billion. The company, which provides access to data centers and high-powered chips, recently completed a $650 million secondary share sale, valuing it at $23 billion. As investor interest in generative AI surges, CoreWeave prepares for its listing amid a recovering IPO market.
US markets are buoyed by optimism surrounding Trump's potential policies, with the MSCI USA equity index up 4.6% this month and 25% year-to-date. Despite geopolitical tensions, investors remain confident, believing that nuclear threats from Russia are bluster and that Trump's return could stabilize the Ukraine conflict. The promise of AI advancements and a resilient market, exemplified by Bitcoin's rise, further fuels this bullish sentiment.
Nvidia CEO Jensen Huang emphasized the importance of global cooperation during his visit to Hong Kong, amid rising tensions between the US and China as President-elect Donald Trump prepares to take office. Huang's company produces leading AI accelerators, yet American officials have restricted the sale of advanced semiconductors to China to prevent the nation from enhancing its chip capabilities, which are viewed as potential military threats.
UBS has maintained its "Buy" rating for Nvidia, setting a target price of $185. Analyst Timothy Arcuri noted that while the outlook may not have met some recent expectations, it aligns with investor anticipations and provides sufficient leeway for future growth.
Nvidia's soaring stock price has posed a challenge for Jensen Huang's charitable foundation, which saw its assets rise to $3.4 billion by the end of 2023. Consequently, the Jen-Hsun & Lori Huang Foundation is required to donate at least $120 million this year, doubling last year's contributions.
Analysts made significant calls on various companies, with Goldman Sachs initiating coverage of Flutter and Aecom as buys, citing strong market positions. Citi reiterated a buy on Apple, predicting a successful holiday season for iPhones, while Needham expressed optimism for Nike under new leadership. Other notable mentions include upgrades for KinderCare and Bright Horizons, and a downgrade for Nvidia based on valuation concerns.
Investors sitting on significant profits in Nvidia are advised to heed two key rules from Jim Cramer before making any decisions. These guidelines aim to help navigate the complexities of the market and optimize investment strategies effectively.
Investors are concerned about President Trump's policies and the escalating war in Ukraine, leading to a shift towards safe havens. Nestlé's shares have fallen over 20% this year due to slow growth, while Nvidia reported impressive sales but faced high expectations. Swiss GDP growth slowed to 0.2%, with a notable trade surplus driven by the chemicals and pharmaceuticals sector.
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