NVIDIA Overtakes Apple: ETFs to Tap the Incredible Growth Story
NVIDIA (NVDA) surpasses Apple (AAPL) in terms of market cap and becomes the second-most valuable company in the United States. Its incredible surge is expected to continue.
NVIDIA (NVDA) surpasses Apple (AAPL) in terms of market cap and becomes the second-most valuable company in the United States. Its incredible surge is expected to continue.
According to Odaily, Jupiter Asset Management's Fixed Income Investment Manager, Harry Richards, has suggested that the US Federal Reserve may follow the European Central Bank's lead and cut interest rates in the coming quarters. This prediction comes in light of the weakening US labor market, increasingly evident consumer fatigue, and further easing of housing inflation. Richards warned that if the Federal Reserve continues to maintain higher interest rates while other developed countries' central banks are easing their monetary policies, it could lead to serious consequences. The US economy's current state, with a softening labor market and weakening consumer strength, may necessitate such a move by the Federal Reserve. The European Central Bank's decision to cut interest rates has set a precedent that the US Federal Reserve may need to follow to maintain economic stability. The potential consequences of maintaining higher interest rates while other economies are easing could be severe, and this warning from Richards underscores the importance of closely monitoring these economic indicators.
As the hype surrounding artificial intelligence continues to captivate markets, investors may seek opportunities beyond the large-cap names that have dominated the spotlight. JPMorgan Asset Management Global Market Strategist Hugh Gimber joins Catalysts to highlight lesser-known AI plays. Gimber acknowledges AI's continued strength but emphasizes that "there is no AI revolution to be had without the infrastructure to support it." He points to the often overlooked "left-behinds" fueling the AI movement as promising investment opportunities. These include data centers, clean power generation, and raw materials, making sectors such as industrials, utilities, and Asian markets well positioned for investors seeking exposure to AI plays. For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Angel Smith
Wall Street now has three tech giants valued at $3 trillion. Collectively, they comprise 20% of the S&P 500.
On Wednesday, the Bank of Canada (BoC) cut interest rates by 25 basis points. The impact on the Canadian dollar was minimal and brief, which ING analysts attribute...
-- Most Asian currencies firmed on Thursday, tracking weakness in the dollar as soft labor data continued to trickle in, ramping up bets that the Federal Reserve will...
According to Odaily, US federal regulators have reached an agreement to launch an antitrust investigation into the dominant positions of Microsoft, OpenAI, and Nvidia in the artificial intelligence industry. This move is seen as the strongest indication of an upgraded regulatory review of this powerful technology. Insiders revealed that the US Department of Justice and the Federal Trade Commission reached this agreement over the past week and it is expected to be finalized in the coming days. According to the agreement, the Department of Justice will lead the investigation into whether the behavior of Nvidia, the largest artificial intelligence chip manufacturer, has violated antitrust laws. The Federal Trade Commission will play a leading role in reviewing the behavior of OpenAI and Microsoft. This move signifies a significant step in the regulatory scrutiny of the AI industry, as these companies hold substantial influence in the sector.
The U.S. dollar steadied in early European trade Thursday, while the euro gained ahead of the latest policy-setting meeting by the European Central Bank. In Asia, USD/JPY traded 0.1% higher to 156.31, but remained well below recent peaks.
Over the past few weeks as I study charts and go about my daily life, I become consumed by the cost of living. I recently had a conversation with a ...
-- Australia’s trade balance grew more than expected in April, as a drop in key commodity exports was offset by an even bigger decline in imports as local demand...