Nvidia shares dropped more than 6% on Thursday after its forecast fell short of lofty expectations, though some believe the modest sell-off showed investors still remain confident in the generative AI boom that has powered the chip giant’s stock higher all year. The company on Wednesday forecast third-quarter gross margins that could miss market estimates…
READ MOREJapan’s Nikkei share average rose in early trade on Friday, with pharma shares rallying for a second session, although gains were limited as tech stocks followed their U.S. peers lower. Japanese exporter-heavy equity markets also got some broad support from a weaker yen versus the dollar. However, the outlook for the currency pair looks murky,…
READ MOREEconomic fears are roiling Wall Street, as worries grow that the Federal Reserve may have left interest rates elevated for too long, allowing them to hurt U.S. growth. Alarming economic data in recent days have deepened those concerns. U.S. job growth slowed more than expected in July, a Friday report showed, while the unemployment rate…
READ MOREWall Streetβs sure-fire, money-minting trade of 2024 β going all-in on Big Tech β was upended this week, sparking stock volatility across the board and thrashing momentum-chasing investors along the way. An earnings flop from Tesla Inc. and fears about Alphabet Inc. spending landed just as popular bets in bonds and commodities misfired, adding to…
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