With the U.S. Producer Prices increased less than expected in July, hopes for a Fed rate cut in September have once again sparked upbeat sentiment in the U.S. stock market. Overnight, the three major indices surged, with the $Nasdaq Composite Index (.IXIC.US)$ climbing over 2%.
The chipmaker $NVIDIA (NVDA.US)$ surged 6.53% on Tuesday. It has soared 17% in the past four sessions, adding nearly $424 billion in market ...

$NVIDIA (NVDA.US)$ climbed over 5% on Monday, moving further above the 100 level. Since hitting a two-month low of around $90 during last week's "Black Monday," Nvidia has rebounded by over 20%, returning to the $110 mark. As it heads into its second-quarter report later this month, Nvidia's recent stock action holds a mix of the good and the bad.
Nvidia shares recently declined due to concerns about a broa...

News Highlights
$NVIDIA (NVDA.US)$ stock rose 3.78%. Its options trading volume was 4.03 million. Call contracts account for 56.3% of the total trading volume. The $115 calls expiring August 9 were traded most actively.
Nvidia shares rebounded on Tuesday after falling over 6% on Monday due to reports of a delay in its Blackwell AI chip. An Nvidia spokesperson confirmed that production is on track for the sec...

After the busy period of big tech stocks reporting their earnings, attention now turn to some of the mid-cap companies. $Super Micro Computer (SMCI.US)$, $Novo-Nordisk A/S (NVO.US)$, $Eli Lilly and Co (LLY.US)$, $Disney (DIS.US)$ and $Shopify (SHOP.US)$ will reease earnings this week.
$Super Micro Computer (SMCI.US)$ will release its quarterly earnings after the market closes on Tuesday, August 6th. Super Micro Comp...

$NVIDIA (NVDA.US)$'s stock fell by 7% to $103.73, significantly outpacing the $Nasdaq Composite Index (.IXIC.US)$'s 1.3% decline, marking its lowest closing share price since May 23. The stock is now down 26% from its June peak of over $140 per share.
Apple to Train AI Models with Google Chips Instead of Nvidia
Apple announced that its AI models, part of its Apple Intelligence system, were pretrained using Google's Tensor P...

$NVIDIA (NVDA.US)$ stock rose 0.69%. Its options trading volume was 4.60 million. Call contracts account for 54% of the total trading volume. The $115 calls expiring August 2nd were traded most actively.
While shares of the chip maker have risen almost 129% this year, they have hit a rough patch, tumbling over the past week as Alphabet stuck to, rather than raised, its spending guidance for the rest of 2024, a...

$Serve Robotics (SERV.US)$, the autonomous delivery robot company that saw a staggering 187% surge last Friday, continued its upward trajectory this Thursday with an over 41% increase. The company announced on July 24th the completion of a $15 million private placement to an institutional investor.
Since $NVIDIA (NVDA.US)$ reported last weekend that it holds a 10% stake in this robotics firm, Serve Robotics has been under th...

Investor expectations for a September rate cut remain strong after Fed Chair Jerome Powell indicated that the U.S. is "no longer an overheated economy," suggesting a stronger case for easing monetary policy. This optimism supports a bullish stance despite potential challenges from upcoming corporate earnings and political uncertainty.
Rate cuts are anticipated to benefit small-cap companies facing higher financing costs. The $S&P 500 Index (.SPX.US)$ has risen...