The strong move higher that Nvidia has driven in the stock market this year has been significant, and the world of artificial intelligence has driven stock prices this year. Nvidia’s performance has eclipsed nearly all other assets since the start of the year, posting a remarkable 262% year-to-date growth. This […]

The futures were lower after a brutal risk-off day across Wall Street that saw all the major indexes close lower. The Nasdaq took the biggest hit, closing down 1.06% at 13,872.47, while the S&P 500 finished the session down 0.70% at 4,465.48. Strategists pointed to inflation concerns with oil trading […]

Crude oil prices extended recent gains and climbed higher on Wednesday, lifting the futures contract to a fresh 9-month closing high. Oil prices continued to benefit from Russia and Saudi Arabia’s decision to extend their voluntary additional production cuts till the end of the year. Expectations of a drop in […]

After U.S. markets closed on Tuesday, HP met analysts’ consensus estimate for earnings per share (EPS) and missed the revenue consensus by about 1.4%. Revenue was down 9.9% year over year. PC revenue was down 11% year over year, and printer sales fell 7%. The stock traded down 10% shortly […]

Markets rebounded last week but remain volatile as investors are still trying to gauge the Fed’s next move. On Aug 25, Fed Chairman Jerome Powell, at the Jackson Hole Annual Policy Symposium, delivered a balanced speech. While he showed confidence in the economy, he also maintained his hawkish stance and […]

The futures traded lower, after a strong risk-on day to start the final trading week in August. All the major indexes finished the day higher, following through on last Friday’s strength. Despite the gains, the Nasdaq will have its worst August since 2015. With a big tranche of economic data […]

On Aug 25, at the Jackson Hole Annual Policy Symposium of the Fed, Chairman Jerome Powell warned that the inflation rate is still highly elevated despite a steady progress in the past year. Consequently, the central bank is open for more hikes in the near future. According to Powell, “We […]

The futures were trading higher after a wild day across Wall Street on Thursday that saw the Nasdaq and the S&P 500 explode higher early on the strength of blowout results from AI chip giant Nvidia, and then all the major indexes reversed and ended the day lower in a […]

On Monday, Arm Holdings Limited submitted its initial public offering (IPO) form to the Securities and Exchange Commission (SEC). The UK-based computer chip designer is the world’s leading designer of central processing units (CPUs), graphics processing units (GPUs), and system-on-a-chip (SoC) architecture, widely used in mobile devices. Japanese investment conglomerate, […]

AI chipmaker Nvidia is set to release its latest quarterly report, and analysts expect to see earnings of $2.09 per share. That would be a stunning jump from the $0.92 per share posted last quarter. However, with the market under tremendous stress recently, just hitting the number may not be […]