{ }
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
Super Micro Computer's stock fell nearly 5% amid concerns of potential delisting from the Nasdaq, following a series of financial reporting issues and the resignation of its accounting firm, Ernst & Young. The company is seeking to raise capital through equity and debt to stabilize its finances. Despite recent declines, the stock is still up about 23% this year.
Investors are eyeing three promising cryptocurrencies for potential growth by 2025: Solana, which is gaining traction with institutional investment and outperforming Ethereum in DeFi; Bittensor, an innovative protocol at the intersection of AI and crypto; and Chainlink, a leading oracle coin moving towards asset tokenization. Each offers unique advantages, but they also come with increased risks.
Investors looking beyond Bitcoin and Ethereum should consider three promising cryptocurrencies: Solana, Bittensor, and Chainlink. Solana is gaining traction with institutional interest and a surge in DeFi applications, while Bittensor merges AI with crypto, showing significant growth potential. Chainlink, the leading oracle coin, is positioning itself for asset tokenization, which could unlock substantial value as financial markets evolve.
Stock futures are set to rise as investors brace for the Federal Reserve's upcoming interest rate decision, with the Dow Jones and S&P 500 up 0.2% and 0.3%, respectively. Bitcoin reached a record high of around $104,000, buoyed by optimism surrounding the new administration. Major tech stocks showed gains, while Super Micro Computer faced a 12% drop ahead of its removal from the Nasdaq 100.
Palo Alto Networks, a leader in AI-driven cybersecurity, recently announced a 2-for-1 forward stock split, effective December 16, following a 2,150% increase in share value since its IPO in 2012. The company has shifted focus to software-as-a-service subscriptions, enhancing cash flow and customer loyalty, positioning it for future growth and potential further splits.
EarthMeta Token (EMT) is positioned as a leading cryptocurrency for virtual real estate, enabling users to buy, manage, and trade digital properties without gas fees. The platform's upcoming marketplace will enhance user engagement and collaboration, while city owners benefit from a 1% transaction tax on land activities. With its user-friendly design and recent inclusion in the NVIDIA Inception Program, EarthMeta is set to redefine interactions within the metaverse.
Bitcoin surged to a record high of $106,533, gaining 3.6% to trade at $104,970 early Monday after a period of consolidation. Earlier this month, it briefly surpassed the $100,000 mark before a retracement, a level that has historically been a profit-taking target for traders.
NVIDIA shares fell 2.3% on Friday, marking a 5.8% decline for the week and creating potential for a shoulder-head-shoulder (SKS) reversal pattern. To improve the outlook, prices need to surpass the 50-day moving average at USD 139.55 and the June high of USD 140.76. Conversely, a drop below key support levels could lead to a significant correction, potentially testing lows around USD 118.04.
Wall Street saw mixed results as Bitcoin surged past $107,000, fueled by optimism over potential pro-digital currency policies from President-elect Trump. The Federal Reserve is expected to announce a third consecutive interest rate cut, aiming to support a slowing job market while managing inflation, which remains a concern. Broadcom's stock rose 6.8% after a strong earnings report, while Nvidia fell 2.5%, reflecting its significant impact on the S&P 500.
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