NVIDIA Financial News

By Amruta Khandekar and Shristi Achar A

Venugopal Garre, MD, Bernstein, says “the top private banks would be the priority at this juncture because I do not have too many regulatory risks to contend with, for that particular pack. That will be still at the top of the pack, which is what we are essentially playing at this juncture. I have not been too confident around NBFC models in general, especially the larger ones. Some of the SMIDs (small and midcaps) have done really well, but the way to play that for me was my, through my SMID allocation. That is the way I am approaching the financial sector, especially over the next 12 months.” There is really something special happening in the US tech space, looking at the valuations of Nvidia or Microsoft or for that matter, even, Apple now, market caps of trillions of dollars are getting created. If one has to look at that as the mega trend where IT is where all the action and excitement is, what is the best way to participate in India? Indian IT largecaps do not offer this play. But when such exciting things are happening in the tech world, how can Indian investors participate in that? I would say this is a very important question, but very tough to answer because of the nature of opportunities you get in India.

Maruti Suzuki India: The automobile major said the board of directors will meet on 24 November to consider allotting 1,23,22,514 equity shares of the company to Suzuki Motor Corporation on a preferential basis. Titan Company: The Competition Commission of India has approved Titan’s acquisition of an additional 27.18% stake in CaratLane Trading. Titan will acquire the shares from Mithun Padam Sacheti, Siddhartha Padam Sacheti and Padamchand Sacheti.

US Federal Reserve meeting minutes showed a cautious approach to future interest-rate moves. The Asian markets traded mostly lower, while the US stock market indices closed in the red overnight after the amid selling in retail and technology shares. On Tuesday, the domestic benchmark equity indices ended with decent gains, snapping a two-day losing streak.

TCS's petition to file an appeal against the orders passed by the US Court of Appeals in the Epic Systems Corporation matter. It confirmed the punitive damages award of $140 million passed by the District Court of Wisconsin.

Investing.com — The Dow closed lower Tuesday, as the minutes from the Federal Reserve most recent meeting showed members backed higher for longer interest rates for some time. 

Investing.com — US stock futures ticked lower during Tuesday's evening deals, extended a negative session for major benchmarks as investors evaluated Nvidia's latest earnings results.

By Chavi Mehta, Max A. Cherney and Stephen Nellis

After-Hours Stock Movers:

Investing.com — Nvidia reported Tuesday blowout third-quarter results and offered stronger Q4 guidance as AI-led chip demand bolstered growth in its high-margin data center business. 

OpenAI’s decision to fire CEO Sam Altman may have put the company’s future in jeopardy. 

Investing.com — Nvidia (NASDAQ:NVDA) shares were slightly lower in early U.S. trading on Tuesday, as investors awaited quarterly earnings from the world’s most valuable chipmaker and its updated outlook for demand in China. 

LTTS), now Wipro partners with Nvidia to help healthcare companies accelerate adoption of generative artificial intelligence (gen AI) through AI-driven strategies, products, and services. “Wipro will leverage NvidiaAI Enterprise software for the production of AI across its current portfolio of healthcare solutions in Affordable Care Act (ACA), Medicare, and Medicaid to improve member experience, increase enrolment, and help support claims adjudication," Wipro said in a statement adding that this will enable healthcare organisations to achieve faster, and easier consumption of large language models (LLMs) powered by Nvidia AI Enterprise, leading to increased productivity, deeper member intelligence, and better operational efficiencies.

OpenAI, Microsoft Corp. said it would hire Sam Altman to lead a new artificial intelligence research team. It was a stunning turn for Microsoft, which had bet big on OpenAI and its former chief executive officer, Altman.

(Reuters) — U.S. stock index futures inched lower on Tuesday as investors stayed on the sidelines ahead of artificial intelligence chip leader Nvidia (NASDAQ:NVDA)'s quarterly report and the release of the Federal Reserve's meeting minutes.

Stocks managed to rally yesterday, with the S&P 500 up almost 75 bps. With a large portion driven by the usual suspects. The rally in stocks continues as credit spreads narrow and financial conditions ease. This has allowed implied volatility to be sold and stocks to rally. The trade mechanics are similar to what we saw in June and July.

The S&P 500 (SPX) continued to rally last week as risk assets have surged since yields on U.S. Treasuries started to drop in late October. The index closed 2.2% higher last week to secure the first close above 4,500 since August.

Investing.com — The Dow closed higher Monday, ahead of the release of minutes from the Federal Reserve's September meeting and earnings from Nvidia that will likely set the tone for big tech in a holiday-shortened week.

Investing.com — U.S. stock futures traded marginally lower Tuesday, with investors displaying a degree of caution ahead of the release of the minutes from the Federal Reserve's last meeting as well as earnings from AI chipmaker Nvidia (NASDAQ:NVDA).

Investing.com -- U.S. futures inch down slightly, but stick relatively close to the flatline, as traders look ahead to the release of minutes from the Federal Reserve's November policy meeting and earnings from AI chipmaker Nvidia. The dramatic boardroom battle at OpenAI over the ouster of former boss Sam Altman rumbles on, with the majority of employees now threatening to take their talents elsewhere if he is not reinstated.

A look at the day ahead in U.S. and global markets from Mike Dolan