Tag: NASDAQ:NVDA
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Keep An Eye Out: Pre-Market Movers And Recommendations
ANALYST RECOMMENDATIONS: Advanced Micro Device: Baird maintains its outperform rating and reduces the target price from $170 to $125. Amphenol: BNP Paribas Exane maintains its outperform recommendation with a target price of $93. Best Buy: Truist Securities maintains its hold recommendation with a price target reduced from $80 to $74. Centerpoint: KeyBanc Capital Markets upgrades…
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Crypto This Thursday: Mt. Gox Delay Shakes Crypto Market, Venmo Implements PYUSD, and More
Delay in Mt. Gox settlement impacts crypto market Bitcoin (COIN:BTCUSD), Ethereum (COIN:ETHUSD), and other altcoins such as BNB (COIN:BNBUSD), XRP (COIN:XRPUSD) faced declines, following the decision of bankrupt cryptocurrency exchange Mt. Gox to extend the deadline for their payments until October 31, 2024. Some investors anticipated that this movement could reverberate through the market, with…
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Thursday’s Wall Street Highlights: FedEx, Broadcom, Nio, Klaviyo, Starbucks, and more
US Index Futures are down in pre-market trading on Thursday, reflecting the statement from the monetary authority one day after the Federal Reserve kept the interest rate in the United States unchanged. At 7:04 AM, Dow Jones futures (DOWI:DJI) fell 163 points, or 0.47%. S&P 500 futures were down 0.65% and Nasdaq-100 futures were down 0.88%. The…
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Nvidia’s Dominance in AI Chips Stifles Investment in Startups
Nvidia’s (NASDAQ:NVDA) supremacy in building computer chips for artificial intelligence has cooled venture funding for potential rivals, according to investors, with the number of deals in the U.S. this quarter dropping 80% compared to the previous year. The Santa Clara, California-based company dominates the market for chips that power large-scale language data processing. AI generative…
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Tuesday’s Wall Street Highlights: Goldman Sachs, Airbnb, Tesla, Novo Nordisk, and more
US index futures are lower in premarket trading on Tuesday, influenced by a series of PMI index announcements from various countries, which gauge the activity of specific sectors. By 6:52 AM, Dow Jones Futures (DOWI:DJI) were down 3 points, or 0.01%. S&P 500 futures were down 0.11% and Nasdaq-100 futures were down 0.21%. The yield on the…
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Samsung Joins Nvidia’s AI Vendor Roster, Shares Rise 6.13%
Shares of Samsung Electronics Co. (KOSPI:530036) surged over 6% on rumors that the company has secured the right to supply advanced memory chips to AI leader Nvidia Corp. (NASDAQ:NVDA). South Korea’s largest electronics company will begin supplying the HBM3 chip – a newer generation of memory optimized for working with AI accelerators – starting in…