{ }
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
Huawei Technologies Co. faces significant challenges in advancing its chip technology for AI and smartphones due to US sanctions. The company is developing its next two Ascend processors using a 7-nanometer architecture, as restrictions hinder access to advanced lithography systems from ASML Holding NV.
NVIDIA"s upcoming earnings report is poised to significantly influence market sentiment, with expectations of an 82.9% revenue growth to $33.1 billion, driven by strong demand for AI GPUs. The S&P 500 faced a 2.1% decline last week amid rising Treasury yields, with only financials and energy sectors showing gains. Market participants are closely watching the 5,861 support level, as a failure to hold could lead to further declines.
IG
Tesla"s 5.6% surge helped the Nasdaq end a four-day losing streak, while the S&P 500 rose 0.4%. In contrast, Nvidia"s shares fell 1.3% due to overheating issues with its new chips, impacting the S&P and Nasdaq negatively. Meanwhile, Super Micro Computer"s stock soared 16% after announcing compliance measures with Nasdaq.
While attention was focused on the elections, corporate America reported strong third-quarter earnings, exceeding expectations due to low pre-season forecasts. This trend highlights the resilience of company profits amid potential economic slowdowns, showcasing a growing share of corporate earnings globally, particularly from the US.
Asian indices are poised for recovery as the US dollar cools and Treasury yields face resistance. The Nikkei 225, ASX 200, and KOSPI show gains, while Nvidia"s upcoming earnings are a key focus, potentially influencing global markets amid cautious investor sentiment. The RBA"s meeting minutes are expected to maintain a balanced view on interest rates, with cuts anticipated only in May next year.
IG
Tesla shares surged 5.6% following reports of a federal framework for self-driving vehicle regulation, offsetting Nvidia"s 1.3% decline due to overheating issues with its new chips. The S&P 500 rose 0.4%, while the Nasdaq Composite gained 0.6%, marking a rebound after recent losses. Super Micro Computer"s stock soared 16% as it sought Nasdaq compliance, reflecting a broader positive sentiment in the market despite some headwinds.
Jim Cramer assessed Nvidia"s stock following reports of overheating issues with its new Blackwell AI chips. While acknowledging potential concerns, he views the stock"s decline as a buying opportunity, emphasizing strong demand and confidence in Nvidia"s market position. Cramer noted that Dell"s CEO confirmed shipments of Nvidia"s servers, reinforcing his belief in the company"s resilience despite the challenges.
Stock futures remained stable as investors anticipate significant earnings reports from retailers and Nvidia this week. The Dow Jones futures dipped 0.08%, while Walmart shares rose 0.8% ahead of its earnings announcement. Super Micro Computer"s shares surged over 37% in after-hours trading after appointing a new auditor, despite facing compliance issues with Nasdaq.
Asian equities are set to rise, following gains in Wall Street stocks as Treasuries stabilized after a selloff that pushed 10-year yields close to 4.5%. Futures indicate increases in Tokyo, Hong Kong, and Sydney, with US contracts also climbing. The Nasdaq 100 rebounded, led by a 5.6% surge in Tesla Inc. amid reports of a federal framework for self-driving vehicles being prioritized by President-elect Trump’s transition team.
Super Micro Computer has appointed BDO as its new auditor and submitted a compliance plan to Nasdaq, resulting in a 23% surge in shares. The company is working to file its overdue 2024 year-end report after facing scrutiny over accounting practices and a DOJ probe. Despite recent challenges, Super Micro"s sales have more than doubled, driven by its partnership with Nvidia.
Trending
Subcategory:
Countries:
Companies:
Currencies:
People:

Machinary offers a groundbreaking, modular, and customizable solution that provides advanced financial news and statistical analysis. Our platform goes beyond traditional quantitative analysis, offering users a comprehensive understanding of real-time market dynamics, event detection, and risk analysis.

Address

Waitlist

We’re granting exclusive early access to the first 500 users from december 20.

© 2024 by Machinary.com - Version: 1.0.0.0. All rights reserved

Layout

Color mode

Theme mode

Layout settings

Seems like the connection with the server has been lost. It can be due to poor or broken network. Please hang on while we're trying to reconnect...
Oh snap! Failed to reconnect with the server. This is typically caused by a longer network outage, or if the server has been taken down. You can try to reconnect, but if that does not work, you need to reload the page.
Oh man! The server rejected the attempt to reconnect. The only option now is to reload the page, but be prepared that it won't work, since this is typically caused by a failure on the server.