NVIDIA Financial News

Nasdaq Composite index fell 2.2% on Friday, putting it on track to confirm it is in a correction following concerns about pricey Big Tech valuations and a cooling economy. Hit by softer-than-expected job reports and disappointing forecasts from Amazon and Intel, the Nadsaq's latest decline leaves it down 10.2% from its record high close of 18,647.45 points on July 10.

Federal Reserve did not cut the bank rates and kept them at their highest levels in two years, indices of major stock exchanges tumbled, sending strong signals of approaching recession Thursday, reports CNBC. While 30-stock Dow Jones fell 494.82 points, or 1.21%, to end at 40,347.97, the S&P 500 slipped 1.37% to end at 5,446.68. Similarly, the Nasdaq Composite lost 2.3% to settle at 17,194.15. Besides, other data also triggered the general apprehension of an impending recession that the US economy is heading to. While unemployment data continued to rise and reached its highest level since August 2023, the ISM manufacturing index, came down at 46.8%. The barometer of factory activities in the US is at its worst level, further signaling economic contraction. The 10-year Treasury yield followed these parameters and dropped below 4% for the first time since February 2024.

Chipmaker Intel Corp. is cutting 15% of its massive workforce as it tries to turn its business around to compete with more successful rivals like Nvidia and AMD

forecast for artificial intelligence chip sales by $500 million and said supplies would remain tight through 2025, sending shares of the Santa Clara, California-based company up 7.5% in extended trading.

quarterly results from Microsoft melted $340 billion of stock market value on Tuesday from it and rival heavyweights racing to dominate artificial intelligence technology, while Nvidia and other AI chip sellers rallied after results from Advanced Micro Devices. The gains in chipmakers and losses in their biggest customers underscored a divide in the AI landscape, with investors recently questioning whether Wall Street's AI rally may have become overextended.

Is Generative AI worth the money? Tech leaders like Microsoft chief technology officer Kevin Scott says costs will come down and capabilities improve, but as Wall Street heads toward correction territory— Nvidia and Microsoft, two stocks that have ridden the AI wave, are down more than 15% and 8% respectively since 10 July—enterprises are grappling with a deeper problem: How do they put AI to use and measure the return on that investment? Confusion over the answer has led to discomfort, sparked by bearish reports from Goldman Sachs and Sequoia Capital questioning whether GenAI will make as much money as the market seems to think. AI capital expenditure will reach between $600 billion and $1 trillion in the coming years, the reports estimate, and spending on infotech will rise 8% this year, according to Gartner. If investors are taking a breather, that’s good.

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Wall Street’s split widened, as smaller stocks and other formerly unloved areas of the market rose up while superstar Big Tech stocks gave back more of their huge gains

Mint takes a look at the implications: The tech-heavy Nasdaq index nosedived 3.6% on July 24—its biggest single-day fall since October 2022, wiping off an astounding $1 trillion in investor wealth. The laggards included the top guns of the AI sector, such as Nvidia Corp, Broadcom and Arm Holdings. The broader S&P 500 index too could not escape the contagion, slumping 2.3% in its worst showing since December 2022.

semiconductor firms less exposed to AI chips slumped on Thursday as falling demand from their key automotive and industrial clients hit business prospects, on top of a wider sector correction.

Asian shares have dropped morning trading, with Tokyo’s benchmark losing more than 1,000 points at one point, as pessimism set in over the Wall Street nose-dive

Stocks closed broadly higher on Wall Street Monday, clawing back some of the losses from their worst week since April

Stocks that traded heavily or had substantial price changes on Monday: Ryanair, Verizon fall, Reddit, Clearwater Paper rise

Despite the recent stock market slump that has some Wall Street pros bracing for a summer correction, respondents to Bloomberg’s Markets Live Pulse survey expect the latest round of corporate earnings to reinvigorate the S&P 500 Index.

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economic weakness overwhelmed the market’s optimism surrounding interest-rate cuts. Shares in Japan, South Korea and Australia dropped. The S&P 500 fell 0.8% Thursday, extending a drop from the prior session and placing the benchmark on track for its largest weekly decline since April.

Wall Street’s record-breaking rally ran into a wall, as worries about potentially worsening trade tensions with China hit stocks of chip companies

Wall Street’s record-breaking rally ran into a wall, as worries about potentially worsening trade tensions with China hit stocks of chip companies

Wall Street is looking beyond the obvious megacap stocks to find the next leg of the artificial intelligence trade.

GenAI startups have become a focal point for companies and VCs, whose investments range from healthcare and finance to robotics. According to the Stanford report, private investment in GenAI has increased to $25.23 billion in 2023 from less than $5 billion in 2022. From top companies such as Google, Microsoft, Apple, Nvidia to Salesforce and AMD, no one wants to be left behind in the AI race.

The third season of the terrific show “The Bear" blends family dysfunction with the ups and downs of high-end restaurants. With markets chasing new highs—get out those Dow 40000 hats—this column is about a different kind of dysfunctional beast. Is the market bear dead, or is it about to sneak up on us? A U.S.