{ }
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. stock indexes pulled back, with the S&P 500 down 0.4% and Nvidia's stock falling 1.2%, marking its eighth loss in nine days. Despite this, the S&P 500 is up nearly 27% for the year, buoyed by strong economic resilience and expectations of favorable policies from President-elect Trump. Bitcoin briefly surpassed $108,000 before retreating to around $106,500.
President Joe Biden has endorsed a ban on congressional stock trading, stating that lawmakers should not profit from the stock market while in office. This comes amid ongoing debates in Congress, particularly after instances of stock trading linked to pandemic briefings. Although a bipartisan proposal exists, it has yet to be voted on, and Biden emphasized the need for legal changes to prevent conflicts of interest.
U.S. stocks fell on Tuesday as the Federal Reserve began its two-day policy meeting, with the Dow Jones Industrial Average dropping about 0.7%, marking its eighth consecutive loss. The S&P 500 and Nasdaq Composite also declined around 0.5%, despite stronger-than-expected retail sales data showing a 0.7% increase in November.Investors are anticipating a 0.25% interest rate cut on Wednesday, which some believe could be the last for a while due to persistent inflation concerns. Meanwhile, Nvidia's shares fell over 2%, continuing a downward trend from its November peak, while Bitcoin prices briefly surpassed $108,000.
US stocks fell on Tuesday, with the Dow Jones Industrial Average dropping about 0.6%, marking its eighth consecutive day of losses. Investors are awaiting the Federal Reserve's policy meeting, where a 0.25% interest rate cut is expected, while retail sales data showed a stronger-than-anticipated 0.7% increase in November. The yield on the 10-year Treasury rose to 4.42%, reflecting cautious sentiment for next year.
Broadcom's stock continued to rally, while Nvidia faced further declines, entering correction territory. Advanced Micro Devices is projected to miss revenue targets, raising concerns, as the Dow is set for a down open after eight consecutive sessions of losses. Retail sales exceeded expectations, and the Federal Reserve is anticipated to cut interest rates again, with key inflation data due later this week.
Shares dipped 0.7% early Tuesday, with Nvidia and Tesla making headlines. Nvidia fell 1.8% in premarket trading after hitting a sell signal, while Tesla surged 2.6% following an upgrade from Mizuho, reaching new highs.The Dow Jones futures dropped 0.5% as retail sales exceeded expectations, and the Federal Reserve's policy meeting began, with a high probability of a rate cut. Notable stocks to watch include BlackRock, IBM, and Manhattan Associates, with IBM nearing a buy point.
The global cryptocurrency market, valued at $1.3 billion in 2023, is projected to grow to $1.8 billion by 2030, with a CAGR of 4.8%. Key growth drivers include rising institutional interest, technological advancements in blockchain, and the expansion of decentralized finance (DeFi) applications. The financial services sector leads adoption, while innovations like stablecoins and NFTs further enhance market appeal.
U.S. stock futures are lower as investors await retail sales data and the Federal Reserve's interest-rate decision. Bitcoin has reached a new high above $107,000, driven by MicroStrategy's significant purchases, while Tesla stock continues to rise, hitting an all-time high. Conversely, Nvidia shares are in correction territory, and Broadcom's stock is climbing after strong earnings.
US stock futures declined ahead of a Federal Reserve meeting expected to announce a 0.25% interest rate cut. The Dow Jones fell 0.4%, marking its eighth consecutive loss, while the S&P 500 and Nasdaq futures also slipped. Investors are focused on retail sales data and the Fed's future rate guidance amid persistent inflation concerns.
Micron Technology is poised for a significant rebound following its fiscal 2025 first-quarter results on December 18, with analysts predicting an 84% revenue increase to $8.71 billion and a profit of $1.77 per share. The memory market is expected to grow substantially, driven by demand for high-bandwidth memory in AI applications and a forthcoming PC refresh cycle. With a low valuation and a PEG ratio of 0.17, Micron presents an attractive investment opportunity as it aims to capitalize on these growth catalysts.
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