{ }
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
U.S. markets rose after Nvidia's impressive earnings report, with the S&P 500 up 0.53% and the Dow Jones climbing 1.06%. Despite Nvidia's revenue nearly doubling, its shares only increased 0.5% due to concerns over slowing growth and conservative sales projections. In contrast, Snowflake's stock surged 32.7% after a 28% revenue increase, highlighting how market expectations can significantly influence share movements.
Foreign automakers are struggling to maintain their market share in China's rapidly evolving electric vehicle sector, with many facing declining revenues and increased competition from domestic brands like BYD and Geely. Analysts suggest that partnerships with local companies are essential for survival, as traditional fossil fuel-based manufacturers adapt to a market where new energy vehicles dominate. Despite the challenges, foreign firms are investing in joint ventures and advanced technologies to remain competitive, though the landscape remains fiercely competitive.
Benchmark indices Nifty and Sensex saw a recovery on November 22, buoyed by gains in public sector banks and IT stocks, despite foreign institutional investors offloading over ₹5,000 crore in the cash market. The Sensex rose by 599.21 points to 77,755.00, while the Nifty increased by 190.10 points to 23,540.00, supported by positive global cues and a rebound from previous losses linked to Adani Group stocks. Aishvarya Dadheech, Founder and CIO of Fident Asset Management, noted a gradual emergence of valuation comfort in the market.
US equity markets surged, with the Dow Jones gaining 461 points as investors shifted to cyclical stocks amid a resilient economy, while the ASX 200 hit a record high of 8446, driven by strong energy, banking, and resource sectors. Key economic indicators showed a decline in US housing starts and a drop in jobless claims, while inflation rates in the UK and Japan saw mixed results. Upcoming data releases include the US FOMC meeting minutes and Australia's monthly CPI indicator, which may influence future monetary policy decisions.
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Asian stocks and gold rose following gains on Wall Street, as investors moved past initial concerns regarding Nvidia Corp.'s revenue outlook. Shares in Australia, Japan, and Hong Kong increased, while Chinese stocks fluctuated after a decline in US-listed Chinese equities. Nvidia's strong performance and assurances about its AI-driven growth contributed to a positive market sentiment, with expectations of pro-growth policies under a potential Trump administration further supporting US equities.
Asian markets are poised for a positive start, with major indices like the Nikkei and ASX showing gains. The Singapore Blue Chip index is nearing its November 2021 high, having surged nearly 33% since August, while Japan's CPI data supports potential rate hikes by the Bank of Japan.
IG
U.S. markets rose after Nvidia's earnings report, with the S&P 500 up 0.53% and the Dow Jones climbing 1.06%. Despite Nvidia's impressive revenue growth, its shares only increased 0.5% due to concerns over slowing growth and conservative sales projections. Bitcoin approached $100,000, fueled by optimism following Trump's election, while the Fed faces pressure amid inflationary policies.
Nvidia's stock reached a new high, closing up 0.5% and marking a 196% increase in 2024, despite high expectations. Meanwhile, MicroStrategy dropped 16% after a short report, while Fannie Mae and Freddie Mac saw significant gains amid privatization speculation. Tesla shares rose 35% since the election, contrasting with Amazon's slight decline.
Stock futures dipped slightly on Thursday evening, with the Dow down 20 points and the Nasdaq 100 futures falling 0.3%. Despite this, Wall Street is on track for a positive week, led by a 1.56% gain in the Nasdaq Composite. Notable after-hours movers included Gap, which surged 15% after beating earnings estimates, while Intuit fell over 5% despite a strong quarterly report. Texas Pacific Land is set to join the S&P 500 next week as part of index changes.
Asian equities are poised for gains following Wall Street's positive performance, as investors move past initial worries regarding Nvidia Corp.'s revenue outlook. Bitcoin approaches the $100,000 mark, while the dollar strengthens. However, US-listed Chinese stocks saw a 1% decline, reflecting recent selling in Hong Kong.
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