{ }
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
A consensus is forming that the Federal Reserve should hold off on further interest rate cuts after a 25-basis-point move. Wall Street saw mixed results, with the Dow closing lower for the ninth consecutive session, a first since 1978. In corporate news, Microsoft significantly increased its Nvidia chip purchases, while Starbucks union workers authorized a strike. Morgan Stanley named Disney a top pick, and Salesforce announced plans to double its hiring for AI customer service agents.
Shares dipped slightly on Wednesday morning, with Nvidia rebounding 2.5% in premarket trading after a four-day losing streak. The Dow Jones Industrial Average rose 0.3% ahead of a Federal Reserve interest rate decision, while notable stocks like Amazon and Apple reached new highs. IBM and BlackRock are nearing key buy points, while Tesla faced a decline after recent gains.
Stocks are poised for a rebound as the Dow aims to end its longest losing streak since 1978, with futures for the S&P 500 and Nasdaq showing gains. The Federal Reserve's upcoming interest rate decision is in focus, with expectations of a third consecutive rate cut. Healthcare stocks have notably declined, particularly UnitedHealth Group, while Nvidia has seen a slump despite a premarket rise.
The Dow Jones Industrial Average is poised to open higher, aiming to end its longest losing streak in nearly 50 years, with futures up 89 points, or 0.2%. The index has faced pressure from stocks like Nvidia, and a drop today would mark its tenth consecutive decline, the worst since October 1974.
Stocks fell on Tuesday, marking the Dow Jones' first nine-day losing streak since 1978, with the index down over 250 points. Investors are anticipating the Federal Reserve's final interest rate decision of the year, with expectations of a quarter-point cut amid mixed signals from retail sales data. Nvidia's stock continued to decline, nearing bear market territory, while Tesla reached a new record high.
US stocks fell across the board on Tuesday, with the Dow logging its longest losing streak since 1978, down about 0.6% for nine consecutive days. The S&P 500 and Nasdaq also declined, as investors awaited a likely 0.25% rate cut from the Fed amid persistent inflation concerns.Retail sales rose 0.7% in November, exceeding expectations, while Nvidia shares dropped over 1%, continuing a decline of more than 10% from their November peak. Bitcoin prices briefly surpassed $108,000 before retreating to just above $106,500.
US stocks fell on Tuesday, with the Dow Jones Industrial Average on track for its longest losing streak since 1978, down about 0.8% after eight consecutive days of losses. The S&P 500 and Nasdaq also declined as investors awaited a likely 0.25% rate cut from the Fed.Retail sales rose 0.7% in November, exceeding expectations, while Nvidia's shares dropped over 10% from their November peak. Bitcoin prices briefly surpassed $108,000 before retreating to just above $106,500.
Databricks has raised $10 billion in a Series J funding round, valuing the company at $62 billion, with major investors like Thrive Capital and Andreessen Horowitz. The strong demand for its cloud-based AI technology, which has seen over 60% year-over-year growth, positions Databricks for a potential IPO as it prepares strategically for the next steps. CEO Ali Ghodsi expressed excitement about the investor interest and the company's readiness for public offering.
Investors are concerned that Trump's potential trade tariffs could exacerbate inflation, as retail sales rose 0.7% in November. The Dow Jones is on track for its longest losing streak since the 1970s, while Nvidia faces challenges with thermal issues in its chips, impacting its stock. Tesla continues to rise, with analysts projecting a bullish outlook for 2025.
Investors are advised to focus on key moving averages, such as the 50-day and 10-week lines, to gauge stock performance, particularly for high-profile companies like Nvidia, Tesla, and Apple. As Nvidia faces volatility and dips below these benchmarks, understanding market trends and relative strength lines becomes crucial for making informed investment decisions in 2025. Monitoring these indicators can help investors manage risks and protect gains amidst fluctuating market conditions.
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