{ }
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 and ASML shares have plummeted amid concerns over limited sales of AI chips, particularly to certain countries, raising alarms in the US chip industry. Market focus shifts to the upcoming ECB interest rate decision, with expectations of a 25 basis point cut, while the US will wait until after the presidential election for its next rate signal. ASML's disappointing outlook has further exacerbated market woes, pushing its stock towards critical support levels.
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Katanemo has open-sourced Arch-Function, a collection of large language models (LLMs) designed for ultra-fast function-calling tasks, claiming speeds nearly 12 times faster than GPT-4 and significant cost savings. These models enable enterprises to create agentic applications that can efficiently handle complex workflows, from processing prompts to making API calls, paving the way for a new wave of AI-driven enterprise solutions. The market for AI agents is projected to grow to $47 billion by 2030, highlighting the increasing demand for such technologies.
US stocks closed lower as Nvidia and chip stocks fell following disappointing earnings from ASML, which dropped over 15%. The Dow Jones Industrial Average declined by 0.8%, influenced by UnitedHealth Group's 8% drop after missing profit guidance. Meanwhile, oil prices tumbled nearly 4% amid geopolitical developments.
US September retail sales data is anticipated to show a 0.3% month-on-month growth, reflecting consumer resilience, while core sales are expected to remain at 0.1%. The Nasdaq 100 is poised to retest record highs, driven by strong tech sector performance, despite a slight dip in energy stocks due to falling crude oil prices. Overall, ten out of eleven S&P 500 sectors posted gains, with technology leading the rally.
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US stocks surged on Monday, with the Dow and S&P 500 reaching record highs, driven by a nearly 3% rise in Nvidia shares. The S&P 500 closed above 5,800 for the first time, while Bitcoin and Ethereum also saw significant gains. As earnings season unfolds, investor focus remains on major banks and potential Federal Reserve interest rate decisions.
The global healthcare artificial intelligence market, valued at $558.6 million in 2020, is projected to reach $5,973.38 million by 2032, growing at a CAGR of 21.5%. AI applications are enhancing diagnostics, drug development, and patient monitoring, while the COVID-19 pandemic has accelerated adoption across the sector. Key players include Google, IBM, Microsoft, and various innovative startups, all contributing to the transformation of healthcare through advanced technologies.
As the global population ages, healthcare demand is set to rise, presenting significant investment opportunities. Bellevue Asset Management emphasizes the need for a productivity revolution in healthcare to address inefficiencies and improve outcomes, particularly in managing chronic diseases. Innovations in digital health and diagnostics are crucial for reshaping healthcare delivery and creating a more resilient system.
Eli Lilly has partnered with AI firm Insitro to advance drug development, focusing on metabolic diseases. The collaboration includes three agreements, allowing Insitro to retain global rights to its research while Lilly benefits from milestone payments and potential royalties. Insitro will utilize Lilly's delivery technology alongside its own innovations to target liver conditions and develop new treatments.
NVIDIA shares are poised for a potential comeback, with analysts maintaining a strong buy recommendation. The stock is currently trading about 15% below the average price target of USD 152.44, with significant growth expected as the seasonal phase strengthens from October 29, historically yielding over 10% gains in the following weeks.
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