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The market fell Tuesday, following chip stocks lower after Nvidia led the way to all-time highs Monday night. The stock price spike marked Cheif Jensen Huang's new product showcase at the Consumer Electronics Showcase Las Vagas Keynote, where he showed off a robot future and affordable graphics cards.
Just past 4 pm ET the $S&P 500 Index (.SPX.US)$ fell 1.11%, the $Dow Jones Industrial Average (.DJI.US)$ was falling 0.42%, and the $Nasdaq Composite Index (.IXIC.US)$ fell 1.8%...
Just past 4 pm ET the $S&P 500 Index (.SPX.US)$ fell 1.11%, the $Dow Jones Industrial Average (.DJI.US)$ was falling 0.42%, and the $Nasdaq Composite Index (.IXIC.US)$ fell 1.8%...
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Overview of the U.S. Gaming Market
The U.S. gaming market is one of the largest globally, characterized by substantial growth and innovation driven by technological advancements and diverse consumer demands. New gaming formats and business models, such as esports, virtual reality (VR), and cloud gaming, continue to emerge, providing fresh avenues for market expansion.
Market Size and Growth
$NVIDIA (NVDA.US)$
Current Size: The U.S. gamin...
The U.S. gaming market is one of the largest globally, characterized by substantial growth and innovation driven by technological advancements and diverse consumer demands. New gaming formats and business models, such as esports, virtual reality (VR), and cloud gaming, continue to emerge, providing fresh avenues for market expansion.
Market Size and Growth
$NVIDIA (NVDA.US)$
Current Size: The U.S. gamin...
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$BAUTO (5248.MY)$ going to downtrend direction? target RM2.20
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$HIBISCS (5199.MY)$ (Kuala Lumpur news on the 11th) With the continuous decline in international oil prices, Brent crude oil fell below $70 per barrel yesterday, entering a bear market. Analysts believe that the supply of non-OPEC countries is strong, especially weak demand in the Chinese market, and the limited upward potential for oil prices. They have lowered their oil price forecasts for this year.
Global benchmark Brent crude oil fell below $70 on Tuesday, reaching its lowest level since December 2021. Compared to its high point in April this year, Brent crude oil has now fallen by more than 22%, officially entering a bear market.
Both BIMB Research and Fenglong Research have lowered their average price forecasts for Brent crude oil in 2024 from $85 per barrel to $80, and the forecast for 2025 has also been lowered to $75.
BIMB Research analysts pointed out in their report that the price of Brent crude oil recently fell to $70 per barrel due to weak demand in China.
In the first seven months of this year, China's oil imports decreased by 2.5% compared to an 11% growth rate in 2023. China's petroleum producers have reduced production rates due to low profit margins.
In addition, the International Energy Agency (IEA) predicts that even if the Organization of the Petroleum Exporting Countries and its allies (OPEC+) maintain production cuts, the excess oil stock in 2025 will reach 0.86 million barrels per day.
The Energy Agency also predicts that in 2024 and 2025, the oil from non-OPEC countries will...
Global benchmark Brent crude oil fell below $70 on Tuesday, reaching its lowest level since December 2021. Compared to its high point in April this year, Brent crude oil has now fallen by more than 22%, officially entering a bear market.
Both BIMB Research and Fenglong Research have lowered their average price forecasts for Brent crude oil in 2024 from $85 per barrel to $80, and the forecast for 2025 has also been lowered to $75.
BIMB Research analysts pointed out in their report that the price of Brent crude oil recently fell to $70 per barrel due to weak demand in China.
In the first seven months of this year, China's oil imports decreased by 2.5% compared to an 11% growth rate in 2023. China's petroleum producers have reduced production rates due to low profit margins.
In addition, the International Energy Agency (IEA) predicts that even if the Organization of the Petroleum Exporting Countries and its allies (OPEC+) maintain production cuts, the excess oil stock in 2025 will reach 0.86 million barrels per day.
The Energy Agency also predicts that in 2024 and 2025, the oil from non-OPEC countries will...
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