{
}
XRP has surged over 258% in 2024, now ranking as the third-largest cryptocurrency by market cap, surpassing Tether. Wealth mentor Linda Jones predicts digital assets could outperform major tech stocks by 10x, citing low adoption rates and favorable political changes as key growth drivers. With only 5% of the global population invested in cryptocurrencies, a significant market opportunity remains, especially as institutional interest is expected to rise amid regulatory clarity.
Elon Musk's xAI has successfully raised $6 billion in a Series C funding round, attracting major investors like BlackRock, a16z, and Fidelity, bringing its total funding to $12 billion. The capital will enhance the development of its generative AI model, Grok, and expand infrastructure, aiming for a valuation of $50 billion. xAI is also training Grok 3, expected to launch by year-end, with plans to scale its GPU infrastructure significantly.
U.S. stock futures remained relatively unchanged after a positive start to the holiday trading week, with S&P 500 futures up about 0.1% and Nasdaq 100 futures flat. Despite a strong performance on Monday, bolstered by tech stocks, weak economic data, including a drop in consumer confidence and durable goods orders, raised concerns about market momentum. Investors are cautiously optimistic about a potential Santa Claus rally, although some analysts predict a stall in market activity as the year ends.
Dow Jones futures were stable ahead of Tuesday's market open, while Bitcoin fell below $94,000 for the first time since late November, impacting related stocks like Coinbase and MicroStrategy. Taiwan Semiconductor Manufacturing (TSMC) broke out past a key buy point, closing in the buy zone, as the Dow Jones Industrial Average rose 0.2% and the S&P 500 climbed 0.7%. The economic calendar is light this week, with new home sales expected to show modest recovery.
US stocks rose on Monday, driven by a rally in chipmakers, with Nvidia up 3%, Broadcom gaining 5%, and Advanced Micro Devices increasing by 4%. Investors are anticipating a potential Santa Claus rally, which historically indicates positive market trends for the following year. The NYSE will have a short trading day on Tuesday, closing at 1 p.m. ET for the Christmas holiday.
Stocks rose on Monday, with the S&P 500 gaining 0.7% and the Nasdaq climbing nearly 1%, driven by strong performances from semiconductor companies like Nvidia and Broadcom. Despite a volatile week, investor sentiment improved as the Fed indicated interest rates may remain elevated longer than expected. Consumer confidence, however, saw a significant decline in December, reflecting growing economic uncertainty.
Stocks rose on Monday, led by a rally in semiconductor shares, with Nvidia and Broadcom gaining over 3% and 5%, respectively. The S&P 500 climbed 0.4% and the Nasdaq increased by 0.9%, as investors assessed the Federal Reserve's signals on interest rates amid a decline in consumer confidence. Markets will close early on Tuesday ahead of the Christmas holiday.
Stocks showed mixed results as the Dow dropped 0.3%, while the S&P 500 and Nasdaq gained 0.3% and 0.7%, respectively, amid concerns over the Fed's interest rate strategy. Semiconductor stocks surged, with Nvidia and Broadcom seeing significant gains. Economic data revealed a sharp decline in US consumer confidence, marking the largest drop since November 2020, as uncertainty looms over the economic outlook for the coming year.
Apple is nearing a historic $4 trillion market valuation, driven by investor optimism surrounding its AI advancements and potential iPhone supercycle. Despite recent sluggish iPhone sales, analysts predict a rebound in revenue by 2025 as Apple expands its AI features and geographic reach. The company's shares have surged approximately 16% since early November, reflecting strong market confidence.
Ethereum, the second-largest cryptocurrency, has risen 50% this year but lags behind competitors like Bitcoin, which is up 131%. Despite the launch of spot Ethereum ETFs, their performance has been disappointing, and new blockchains are rapidly gaining market share due to superior speed and cost-effectiveness. As Ethereum's first-mover advantage diminishes, investors may want to consider alternatives like Solana or Bitcoin for greater potential returns.
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.
xrp poised for explosive growth as digital assets gain traction in 2025
08:00 24.12.2024
xAI secures six billion dollars in funding led by major investors
Armenian Dram
Morgan Stanley
Fidelity Contrafund
BlackRock, Inc.
NVIDIA Corporation
AMD/BRX
Elon Musk
Andreessen Horowitz
Show more
06:07 24.12.2024
stock futures steady as holiday trading week begins with mixed signals
United States Dollar
NVIDIA Corporation
Nissan Motor Co., Ltd.
Meta Platforms, Inc.
Broadcom Inc.
Honda Motor Co., Ltd.
Spencer Platt
Jay Hatfield
Show more
00:02 24.12.2024
stock market update nvidia breaks out as bitcoin prices decline
Marvell Technology, Inc.
Taiwan Semiconductor Manufacturing Co Ltd
Broadcom Inc.
Microsoft Corp
Advanced Micro Devices, Inc.
Tesla, Inc.
NVIDIA Corporation
Meta Platforms, Inc.
Alphabet Inc.
USA
TWN
Elon Musk
Scott Lehtonen
Show more
23:03 23.12.2024
us stocks rise led by chipmakers as investors eye year-end rally
United States Dollar
Broadcom Inc.
Advanced Micro Devices, Inc.
NVIDIA Corporation
USA
Louis Navellier
Sam Stovall
Show more
22:05 23.12.2024
Tech stocks surge as investors weigh interest rate outlook for 2025
22:00 23.12.2024
Nasdaq and S&P 500 rise as chip stocks rally amid interest rate concerns
19:15 23.12.2024
mixed market performance as investors weigh future interest rate decisions
18:30 23.12.2024
apple nears four trillion valuation amid ai driven investor enthusiasm
United States Dollar
NVIDIA Corporation
Apple Inc.
Berkshire Hathaway Inc.
Microsoft Corp
CHN
FRA
USA
Donald Trump
Tom Forte
Warren Buffett
Eric Clark
Adam Sarhan
Show more
17:48 23.12.2024
ethereum faces competition as new challengers emerge in cryptocurrency market
17:33 23.12.2024
Trending
Subcategory
Stock Market Updates
Industry Trends
Corporate News
Retail and Consumer Goods
Global Financial Events
Finance Mergers & Acquisitions
Startups & Entrepreneurship
AI Innovations
Government Policies
Central Bank Actions
Funding Rounds & Investments
Market Analysis and Predictions
Industry Mergers & Acquisitions
Supply Chain Management
Domestic Politics
AI & Automation Regulations
Banking Regulations
Global Trade Developments
Emerging Startups
Government Economic Policies
Countries:
Companies:
NVIDIA Corporation
Apple Inc.
Huawei Technologies CO. Ltd.
Tesla, Inc.
The Goldman Sachs Group, Inc.
Citigroup Inc.
Barclays PLC
Wells Fargo & Company
American Express Co
Bank of America Corporation
Tiktok USD
HSBC Holdings plc
Berkshire Hathaway Inc.
International Monetary Fund FUND
HDFC Bank Ltd
Coca-Cola FEMSA, S.A.B. de C.V.
Nintendo Co., Ltd.
Raiffeisen Bank International AG
Pfizer Inc.
VP Bank AG
Currencies:
United States Dollar
Euro
Japanese Yen
Indian Rupee
United Arab Emirates Dirham
Chinese Yuan
Swiss Franc
British Pound Sterling
Offshore Chinese Yuan
Australian Dollar
Brazilian Real
Saudi Riyal
South Korean Won
Hong Kong Dollar
Norwegian Krone
People: