The Nasdaq fell to 0.02 million points, Adobe plummeted more than 13%, the China concept Index rose against the trend, and Bitcoin dropped below 0.1 million dollars.
In November, USA PPI inflation exceeded expectations, with the market betting on a pause in interest rate cuts in January next year. The Dow has fallen for six consecutive days, with NVIDIA experiencing the largest drop of 2.5%. Tesla, Meta, Google, and Amazon have moved away from their highs, uranium mining stocks have declined, but Apple reached a new high. Broadcom rose nearly 5% in after-hours trading, and Chinese stocks Baidu and PDD Holdings increased by over 1%. Bond yields in Europe and the USA have risen significantly, and after the European Central Bank cut interest rates, the euro fell to a one-week low, before rebounding. The dollar reached a two-week high, while the offshore yuan once rose over 200 points, breaking through 7.26 yuan. Commodities generally fell, with spot gold down over 2% and spot silver down over 4% during the session.
Qualcomm (QCOM) Dips More Than Broader Market: What You Should Know
U.S. stock market close: The Nasdaq has fallen from historic Top Reversal, while the Dow has declined for the sixth consecutive day.
① The Nasdaq China Golden Dragon Index rose by 0.18%, with China Concept Stocks showing mixed performance; ② Google is collaborating with Samsung to develop a headset device, with the first product expected to be launched next year; ③ Apple is reportedly set to start producing a key wireless chip currently supplied by Broadcom next year; ④ Adobe fell nearly 14%, as the company's full-year performance guidance was below expectations.
Thursday Ends in Index Declines | Wall Street Today
Apple is reportedly set to begin production next year of a key wireless chip currently provided by Broadcom.
Apple's ambition to use self-developed components in its devices will include a shift to using its own developed Bluetooth and Wi-Fi Connection Chips starting next year, replacing some parts currently provided by Broadcom. According to informed sources, this chip, codenamed Proxima, has been in development for several years and is now planned to begin production in 2025. Like other self-developed chips from Apple, Proxima will be produced by partner Taiwan Semiconductor. This plan is independent of Apple's highly anticipated plan to replace Qualcomm's wireless modem, but the two components will eventually work together. Informed sources said that Apple...
Qualcomm Unusual Options Activity
Market Falls Thursday, Producer Inflation Grows, and Tech Pulls Back From Records | LiveStock
Google Unveils New OS, Headset With Samsung
Express News | Google: First Device With Android Xr, Code Named Project Moohan & Built by Samsung, to Be Available for Purchase Next Year
Express News | Google: For Qualcomm Partners Like Lynx, Sony and Xreal, Opening a Path for the Development of a Wide Array of Android Xr Devices
Express News | Trump, at NYSE: We're Going to Do Something Great With Crypto, AI; Will Need Electricity
HiBy Launches R6 Pro MAX
Express News | Qualcomm: James Thompson to Retire as CTO
Express News | Qualcomm Announces DR. Baaziz Achour Appointed Chief Technology Officer-Elect
Qualcomm Announces Dr. Baaziz Achour Appointed Chief Technology Officer-Elect
Why Is QUALCOMM Incorporated (QCOM) the Best Self-Driving Technology Stock to Buy According to Hedge Funds?
The NASDAQ broke through 0.02 million points for the first time, Tesla led a group of tech giants to a new high, and Bitcoin climbed to 0.1 million dollars
The Dow and Apple fell, the Nasdaq rose nearly 2%, Tesla and Google rose nearly 6%, while Meta, Amazon, and Netflix all reached new highs. NVIDIA rose over 3%, Broadcom rose nearly 7%, Super Micro Computer once dropped over 8%, the decline of Chinese concepts narrowed, and Fangdd Network turned to rise over 11%. The U.S. November CPI confirms interest rate cut bets for next week, with a pause on rate cuts expected in January next year. The dollar and U.S. Treasury yields rebounded in a V-shape, while spot Gold reached its highest level in five weeks. The yen plunged below 152, while the offshore yuan once dropped over 300 points, falling below 7.29 yuan. After a significant interest rate cut by the Bank of Canada, the Canadian dollar and Canadian bond yields turned to rise, and oil prices increased by about 2%.
Qualcomm Insider Sold Shares Worth $1,665,781, According to a Recent SEC Filing
Qualcomm Insider Sold Shares Worth $1,239,288, According to a Recent SEC Filing
Will QCOM Stock Be Hit If Apple IPhones Ditch Qualcomm Modems?