Wells Fargo Says Investors Need to Be Selective, Spotlights META, GOOG, and NFLX
These Stocks Join Meta and Eli Lilly as the Biggest Winners This Earnings Season
As Nvidia Leads Magnificent 7 Volatility, Analyst Says These Mega-Caps Are Poised To Outperform Small-Caps — But There's A Catch
Mag7 Are Getting Cheaper, Is It Time to Buy the Dip?
Axie Infinity Introducing Meta Morph: Boosting Collectible Axies Value
1 Unstoppable Stock That Could Join Apple, Microsoft, Nvidia, Alphabet, Amazon, and Meta in the $1 Trillion Club
Nicolas Maduro Slaps Ban On Elon Musk's X Amid Election Dispute: 'Get Out Of Venezuela For 10 Days'
Meta CEO Mark Zuckerberg Owns Two Of The Biggest Social Media Platforms In The World. He Now Thinks This Experience On Phones Is 'Anti-Social,' And Why He's Focused On Ray-Ban Smart Glasses
Citi: Don't panic about the sharp decline in chip stocks, now is a good time to buy.
Citibank pointed out that although there has been a sharp decline in US chip stocks, this is mainly due to macroeconomic factors and high expectations. Semiconductors markets are still bullish, mainly because the demand for AI and storage markets remains strong. It is expected that DRAM prices will increase by 62% YoY in 2024, and Micron's performance guidance may be revised upward.
Why Is Nvidia Stock Still a Buy After Its Steep Sell-off? Just Ask Amazon, Google, Microsoft, and Meta
S&P rises over 2%, the best in nearly two years, with chip stocks up about 7%, Nasdaq and Chinese stocks up 2.8%, and US Treasury yields and the yen falling for three consecutive days.
The latest employment data alleviates concerns over the US economy, and US stocks rose more than 1.7%. Nvidia's stock rose more than 6%, and Tesla, Alibaba, PDD Holdings, and Tencent ADR rose more than 3%. Bullish on weight loss drug reports, Eli Lilly and Co's stock rose more than 13%, and Novo-Nordisk A/S's US stock rose nearly 8%. The 10-year US Treasury yield rose above 4%, and short-term bond yields rose by 10 basis points. Oil prices rose for the third consecutive day, gold halted its five-day decline, and digital currency had a big increase.
Foreign Headlines: Apple plans to launch the smallest Mac desktop computer to date, with Nvidia's market cap evaporating $900 billion from its June high. Wall Street expects the Fed to end quantitative tightening this year.
The top news that global financial media have been focusing on last night and this morning are: Wall Street expects the Federal Reserve to end the balance sheet reduction this year, but the possibility of an abrupt stop is low. The actual end date of the Federal Reserve's balance sheet reduction program depends on interest rate cuts and pressures in the financing market. Officials indicated that they will complete the reduction of US bonds before the end of the year. Many people on Wall Street believe that quantitative tightening is unlikely to end suddenly. However, the recent soft economic data and liquidity pressure risks have cast uncertainties on the prospects. More and more signs indicate that the economic growth is slowing down faster than expected a few weeks ago, causing a significant increase in global bond yields on Monday, with traders betting that the Federal Reserve and other central banks will
Top 20 trading volume stocks in the US on August 8th: Google AI acquires two major smartphone manufacturers.
On Thursday, Nvidia, ranked No.1 in stock trading volume, rose by 6.13%, with a turnover of $39.581 billion. Jibang Consulting's latest report points out that Nvidia is currently the largest buyer in the HBM (High Bandwidth Memory) market, and it is expected that its procurement share in the HBM market will exceed 70% after the launch of products such as Blackwell Ultra and B200A in 2025. It is expected that Blackwell Ultra, which Nvidia is planning to launch in 2025, will use eight HBM3e12hi chips, and there is also a possibility of GB200 upgrade, in addition to the planning of B200A. Therefore, it is estimated that in 202...
Unusual Options Activity: SLB, W and Others Attract Market Bets, SLB V/OI Ratio Reaches 36.1
10-year Treasury Yield Ends at Almost 4% After Drop in Weekly Jobless Claims
Amazon to Let TikTok Users Shop Select Products Without Leaving the Video App - Report
Companies Are Racing to Tap the Bond Market -- Barrons.com
BlackRock to Launch New ETFs Tracking Top Firms in Nasdaq, S&P 500
Sector Update: Tech Stocks Gain Thursday Afternoon
Elon Musk's X Will Suspend Using Personal Data to Train Grok AI Tool in EU