{
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Assetera has launched a trading platform for non-U.S. investors to access tokenized assets linked to major companies like Nvidia, Coinbase, and the S&P 500. The platform offers fully collateralized bTokens, ensuring secure 24/7 trading, and plans to expand into tokenized Treasury bills and other financial instruments. This initiative aims to enhance global investor access while addressing regulatory and security challenges through advanced monitoring systems.
The Nasdaq Composite Index surged to 20,000 for the first time, driven by excitement over artificial intelligence and expectations of falling interest rates, closing at 20,034.89, up 1.8% on the day. While tech stocks have thrived, concerns about rising valuations and the dominance of megacap companies, which now account for 59% of the index, loom large. Despite the index's current P/E ratio of 36, it remains below the dot-com bubble peak, offering some reassurance to investors.
The stock market rally continues, with the Nasdaq surpassing 20,000 for the first time, driven by megacap stocks like Tesla, Google, and Amazon reaching new highs. Despite a slight dip in Dow and S&P futures, bullish sentiment remains strong, though caution is advised as the Nasdaq is extended above its 50-day moving average. Investors are encouraged to refine watchlists and prepare for potential market adjustments.
Google's DeepMind has unveiled Gemini 2.0, a new AI model designed to power advanced AI agents capable of understanding complex instructions, planning, and executing tasks across various platforms. Projects like Deep Research, Project Astra, and Project Mariner aim to assist users in research, everyday tasks, and web navigation, respectively. While still in early development, these agents show promise for future applications, including gaming and robotics, as Google collaborates with industry leaders to refine their capabilities.
The Dow Jones Industrial Average and major indexes showed mixed results following the November consumer price index, which met expectations. Tesla reached a record high with a 1.9% gain, while Nvidia climbed 0.9%. GameStop surged 5.8% after reporting a surprise profit, whereas Dave & Buster's plummeted 16% due to a significant fiscal loss and CEO resignation.
Trevor Lee discussed how his stock market investments have positively impacted his wrestling career, particularly after transitioning from a paycheck-to-paycheck lifestyle. He began investing just before COVID-19, capitalizing on the market's recovery by focusing on major tech companies, which provided him financial stability and the freedom to pursue better opportunities in wrestling. Lee emphasized that this financial cushion allows him to wait for roles that align with his aspirations rather than settling for less.
The S&P 500 has reached a forward price-to-earnings (PE) ratio of 22.3, a level only seen during the dot-com bubble and the Covid-19 pandemic, both of which preceded significant market declines. Analysts predict a bleak 3% annual return for the index over the next decade, while an equal-weight S&P 500 index could yield 8% annually, suggesting better opportunities among smaller stocks. Investors are advised to be cautious with valuations and consider accumulating cash for potential market corrections.
The SEC has approved numerous Bitcoin ETFs, providing a regulated investment avenue for institutional investors, yet Bitcoin remains a speculative asset. Dogecoin, currently priced at $0.44, may reach $1 due to a crypto-friendly administration, but its lack of fundamentals raises concerns about sustainability. Despite a potential surge, a significant decline similar to 2021 is likely, as Dogecoin's value is driven by speculation rather than intrinsic worth.
Google's new Willow quantum processor, capable of performing complex calculations in minutes, has sparked discussions about its potential to compromise Bitcoin's security. However, analysts assert that the technology is still years away from posing a real threat, as it currently lacks the necessary qubits to challenge the Bitcoin network. The blockchain industry is actively exploring quantum-resistant solutions to safeguard against future risks.
US stocks declined on Tuesday as investors awaited a crucial consumer inflation report, with the Dow Jones Industrial Average falling over 0.3%. Alphabet's shares rose over 5% after announcing advancements in quantum computing, while Oracle's stock dropped around 7% due to disappointing quarterly revenue. Despite the overall market dip, hopes for a "soft landing" in the economy persist, with expectations of a Federal Reserve rate cut in December.
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.
assetera launches tokenized trading for non-us investors in major assets
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nasdaq reaches 20000 driven by tech rally and ai excitement
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20:54 10.12.2024
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