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Stock Market News Today: Nasdaq Sinks, Nvidia Drops 5% Ahead of ...
2024-07-30 19:55:08
Markets
Stocks
Earnings

Stock Market News Today: Nasdaq Sinks, Nvidia Drops 5% Ahead of Big Tech Earnings

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The stock market saw declines as the Nasdaq sank and Nvidia dropped 5% ahead of the next round of Big Tech earnings. The S&P 500 and Dow also experienced losses.

Investors are eagerly awaiting the Federal Reserve's decision, the jobs report, and earnings results from Microsoft, AMD, Apple, Amazon, and Meta. Semiconductor stocks, including Nvidia, lagged behind.

Merck, Pfizer, and Procter & Gamble have reported their earnings, with Starbucks and AMD set to follow. July has been a volatile month for stocks, with a focus on AI trade and small caps.

Policymakers are expected to lay the groundwork for a rate cut in September after the June inflation data. However, investors are weighing the expectations for rate cuts against concerns that the Magnificent Seven megacaps and Big Tech companies have lost their momentum, as AI investments come into focus.

Nevertheless, investors are showing willingness to support companies that may currently have weak results but outline a turnaround in their business coming soon.

Related news on that topic:

Tech Market Expectations Amid Microsoft Earnings

Amidst market volatility, investors anticipate Microsoft's earnings report alongside key factors like AI investments and Azure growth. As the Federal Reserve hints at potential rate cuts, attention shifts to smaller companies and away from 'Big Tech'. The market eagerly awaits earnings from major players like Apple, Amazon, Meta, and AMD. With a focus on the Fed's upcoming decision, July's job report, and advancements in AI, investors weigh the impact of potential rate cuts against Big Tech performance. The current debate centers on the timing and extent of expected rate cuts this year, as market dynamics continue to shift.

Investing in AI Stocks: Opportunities and Considerations

The AI industry is experiencing significant growth, with predictions of $15.7 trillion in AI-driven economic growth by 2030. The Global X AI ETF (AIQ) offers diversified exposure to the AI sector, including prominent companies like Nvidia, Microsoft, and Oracle. However, the Motley Fool Stock Advisor team suggests that there are other stocks that may provide better returns than the ETF. Alphabet, the parent company of Google, is a leading AI stock with strong Q2 results and a dominant position in global search. While tech stocks like Alphabet and Tesla have recently seen declines, experts view this as a temporary rotation rather than a long-term trend. Despite short-term fluctuations, the long-term fundamentals for quality tech stocks remain attractive. Nvidia, the leading AI chip maker, has experienced stock price fluctuations but continues to demonstrate strong growth potential. Analysts believe that Nvidia will maintain its leadership in the AI chip market and deliver strong quarterly results. Overall, investing in AI stocks offers opportunities for growth, but investors should carefully consider their options and the broader market trends.

Read 14 more recent news on this topic

The press radar on this topic:

Yahoo Finance
30. Juli 2024 um 14:16

Stock market news today: Nasdaq sinks, Nvidia drops 5% ahead of next round of Big Tech earnings

Finance
Technology
Nasdaq sinks, Nvidia drops 5% ahead of Big Tech earnings. S&P 500 and Dow see losses. Investors await Fed decision, jobs report, and results from Microsoft, AMD, Apple, Amazon, Meta. Semiconductor stocks lag, with Nvidia dropping. Merck, Pfizer, Procter & Gamble report earnings; Starbucks, AMD to follow. July's volatile ride for stocks, AI trade, and small caps in focus. Policymakers expected to lay groundwork for rate cut in September after June inflation data. Investors weigh expectations for..
Yahoo Finance
30. Juli 2024 um 18:57

Nvidia and Other Chip Stocks Drag S&P 500, Nasdaq Lower Tuesday—Here’s Why

Finance
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Economy
Chip stocks declined as big tech firms report earnings on AI spending. Upcoming Fed decisions may boost small-caps. Analysts see tech pullback as temporary, citing strong AI demand. Chipmakers support data centers powering AI. Earnings from AMD, Arm, and Intel could signal AI chip appetite.
The Street
30. Juli 2024 um 19:45

Stock Market Today: Stocks gain amid 'make-or-break' week for markets TheStreet Daily Newsletter

Finance
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U.S. stocks gain ahead of crucial week with earnings from tech giants, central bank rate decisions, and July jobs report. Concerns over economy, elections, Fed policy, and earnings growth weigh on markets, with S&P 500 down 0.03% for the month. Investors await results from Microsoft, Apple, Meta, and Amazon to stabilize sentiment. Central bank meetings in focus, with Fed expected to hold rates steady but signal September cut. Oil prices little changed amid tensions in Gulf region. Asian markets..
The Street
1. August 2024 um 09:47

Big movers: NVIDIA slumps; P&G, Merck down, PayPal up TheStreet Daily Newsletter

Finance
Economy
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NVIDIA, Merck, P&G down on earnings; PayPal up 8% on Q2 beat, forecasts mid-single-digit Q3 revenue growth, upgrades full-year EPS outlook to low to mid-teens; S&P 500 down 0.8%, Nasdaq down 1.6%; Dow up 0.16%, Russell 2000 up 0.2%; P&G shares tumble 6% on disappointing demand; Merck lowers 2024 profit outlook after EyeBio acquisition.
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