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Market Highlights: Nvidia, Trump Media, Warren Buffett, and More
2024-08-17 14:59:08
Stocks
Business
Finance

Market Highlights: Nvidia, Trump Media, Warren Buffett, and More

Nvidia's stock sees a surge while Trump Media shares decline. Warren Buffett sells Apple shares as Starbucks welcomes a new CEO.

Bank of America predicts no recession amidst strong retail sales and job market. Victoria's Secret and Home Depot witness changes.

Stanley Druckenmiller predicts Nvidia's rally and sets new targets. Alibaba and JD.com stocks rise as Applied Materials and Amcor face setbacks.

Market reacts positively to economic data with notable movements in tech and retail sector.

Related news on that topic:

Nvidia, Super Micro Computer, and Sea Ltd: Key Players in the AI ... AI Market

Nvidia, Super Micro Computer, and Sea Ltd have seen stock price jumps as investors anticipate strong AI-related earnings and growth. Sea Ltd hires AI executive and focuses on AI applications in e-commerce and gaming. The market rose on signs of slowing inflation, allowing the Federal Reserve to potentially lower interest rates. However, consumer spending has slowed and the long-term AI business model remains uncertain. Nvidia faces challenges with major investors reducing holdings and questions about hyperscaler AI spending. IBM is seen as a better AI stock to invest in due to its attractive valuation ratios. Microsoft's AI ambitions require significant spending increases. Super Micro Computer's stock saw significant volatility but closed out Fiscal 2024 with soaring sales and promising guidance. The company is committed to becoming the world's largest IT infrastructure company. Super Micro's stock split and Nvidia's upcoming earnings report can fuel more momentum. Nvidia's portfolio had mixed performance in Q2, with gains in SoundHound AI, Arm, and Serve Robotics, but a decline in Recursion Pharmaceuticals.

Nvidia's Strong Q2 Performance and Future Challenges

Nvidia is expected to exceed Q2 expectations by nearly $1B, despite the delayed Blackwell chip launch impacting major clients like Meta and Google. The demand for the Hopper chip is robust, aiding in bridging the gap caused by the delay. The company's stock has impressively doubled YTD, outperforming the S&P 500, and is still considered a Strong Buy on Wall Street. However, amidst these successes, AMD emerges as a strong competitor, benefiting from Intel's struggles and advancements in data center business. Nvidia faces fierce competition in the AI market, risking a significant stock price drop in the next two years if the AI bubble bursts. Investors are advised to tread carefully as challenging times lie ahead for Nvidia amidst increasing competitive pressures.

Read 18 more recent news on this topic

The press radar on this topic:

The Street
19. August 2024 um 21:04

Stanley Druckenmiller predicted Nvidia’s rally; now he has new targets TheStreet Daily Newsletter

Finance
Technology
Billionaire investor Stanley Druckenmiller, who co-broke the Bank of England with Soros, runs Duquesne Family Office. He reduced tech holdings but added positions in Philip Morris, MercadoLibre, and real estate. Druckenmiller told author Jack Schwager that Soros taught him to go for the jugular on high-conviction trades. MercadoLibre's CEO Marcos Galperin said the company has democratized commerce in Latin America. TheStreet's Stephen Guilfoyle praised Druckenmiller as one of the greatest inve..
The Street
20. August 2024 um 18:05

Alibaba, JD.com up; Applied Materials, Amcor down - Midday stock movers TheStreet Daily Newsletter

Finance
Economy
Technology
Stocks rise on economic data; Alibaba, JD.com surge; Applied Materials beats, sees AI demand; Amcor warns of weak demand; Nvidia, Tesla, Apple, Alphabet up; Meta down; Ulta Beauty rallies on Berkshire stake; consumer sentiment, inflation data improve; Alibaba cloud, JD.com logistics drive growth; Russell 2000 up.
Quartz
17. August 2024 um 09:00

Warren Buffett's Apple Tax Law, Nvidia's Return, and Expensive Universities: The Week's Most Popular Stories

Economy
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Finance
Berkshire Hathaway halved its stake in Apple; Nvidia recovers after a major decline; Concerns about the high cost of higher education and the debt it entails; Scammers use fake parking fines to empty bank accounts; Former Google chief recanted comments about remote work; Trump fans in Silicon Valley want him to be the "CEO of the USA"; New federal funds for tumor elimination technology research; Truth Social shares near lows; JetBlue prepares to take on $2.75 billion in new debt; China surpasses..
seekingalpha
17. August 2024 um 11:39

Wall Street Breakfast: What Moved Markets

Finance
Economy
Technology
The S&P 500 had its best weekly gain since October, led by the IT sector. Mars acquired snack maker Kellanova for $35.9B. Starbucks replaced its CEO with Chipotle's Brian Niccol. Walmart raised its outlook, while the FTC plans to combat fake reviews on e-commerce platforms. Jobless claims fell and retail sales bounced back, signaling a potential soft landing. The National Association of Realtors dropped standard commissions, which could help re-energize the housing market as mortgage rates begin..
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