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U.S. stocks are poised to recover some losses after a significant selloff, with futures for the Dow Jones Industrial Average up 121 points, or 0.3%. This comes after Federal Reserve Chair Jerome Powell indicated that persistent inflation means deep rate cuts are unlikely next year, contributing to a 1,100-point drop in the Dow on Wednesday, marking its longest losing streak in 50 years.
2024 was a remarkable year for investments, with the S&P 500 rising 27% and stocks reaching new highs, largely fueled by AI advancements. Key performers included Nvidia, NatWest, cocoa, gold, and tin, each benefiting from unique market dynamics and supply challenges. As we look to 2025, maintaining a diversified portfolio and a long-term perspective remains crucial amidst ongoing market volatility.
Nvidia's stock rose over 3% as analysts from Bernstein, TD Cowen, Morgan Stanley, and Truist maintained bullish ratings despite concerns about competition and potential declines in AI chip demand. Truist raised its price target to $204, citing Nvidia's technological superiority.However, worries persist as major tech companies like Google and Meta develop custom chips that could threaten Nvidia's market share. Analysts acknowledge the challenges but emphasize Nvidia's historical dominance and confidence in ongoing industry innovation.
Intel's stock is currently undervalued, trading at just 1.6 times sales and 0.9 times book value, despite significant investments in chip-making infrastructure. The company is pivoting towards a foundry business model, which could lead to substantial long-term growth as demand for AI hardware rises. While it may not regain its former dominance, Intel is positioned for potential market-beating returns in the coming years.
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.
NVIDIA Corporation
Companies
| 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 |
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
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