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[hfe_template id='11223'] [ad_1] Nvidia on Tuesday said it would take $5.5 billion in charges after the U.S. government said it would require licenses for exports to China of its H20 artificial intelligence chip, which has been one of its most popular chips. Nvidia's AI chips have been a key focus of U.S. export controls as U.S. officials have moved to keep the most advanced chips from being sold to China. Almost immediately after those controls were implemented, Nvidia began designing chips that would come as close as possible to U.S. limits while still being legal to sell in China. Nvidia shares were down about 6% in after-hours trading. The H20 is currently Nvidia's most advanced chip for sale in China and is central to its efforts to stay engaged with China's booming AI industry. Chinese companies including Tencent , Alibaba and TikTok parent ByteDance had been ramping up orders for H20 chips due to booming demand for low-cost AI models from startup Deep...

[hfe_template id='11223'] [ad_1] U.S. stocks rebounded on Friday as investors hunted for bargains at the end of a tumultuous week in which U.S. President Donald Trump's escalating trade war fueled recession fears and doused risk appetite. A broad rally boosted all three major U.S. stock indexes to solid gains, with recently battered tech-related megacaps enjoying a comeback. Every one of the so-called Magnificent 7 artificial intelligence-related momentum stocks advanced, although six of them remain down on the year. The S&P 500 and Nasdaq logged their biggest one-day percentage gains since November 6, the day after the U.S. presidential election. Chips were outperformers, rising 3.3%, while the FANG group of tech-adjacent momentum stocks advanced 3.2%. "I don't see a catalyst that would spark this huge upside we're seeing in markets," said Ross Mayfield, investment strategy analyst at Baird in Louisville, Kentucky. Live Events "We'...

[hfe_template id='11223'] [ad_1] The S&P 500 ended little changed on Wednesday ahead of quarterly results from Nvidia, whose positive outlook could set the tone for the artificial intelligence sector. Stocks lost ground in afternoon trading, with investors digesting the latest comments from U.S. President Donald Trump on tariffs. Trump said on Wednesday his administration will soon announce a 25% tariff on imports from the European Union. He also raised hopes for another pause on steep new tariffs on imports from Mexico and Canada by saying they would take effect on April 2, about a month later than a deadline next week. After the closing bell, Nvidia's shares were up about 2% in choppy trading. The AI tech leader forecast first-quarter revenue above market estimates. Nvidia's stock ended the regular session up 3.7%, while an index of semiconductors was up 2.1% on the day. The launch and popularity of low-cost AI models from China's DeepSeek had rattle...

[hfe_template id='11223'] [ad_1] Nvidia reduced its stake in British chip firm Arm Holdings by about 44% and exited its holdings in Serve Robotics and SoundHound AI in the fourth quarter, a regulatory filing showed on Friday. The artificial intelligence chip giant also reported a position of 1.7 million shares in China's self-driving startup WeRide Inc, sending its shares up 135% at open. The stocks was later trading at $14.73, up 85% at 11.14 am. WeRide uses Nvidia's advanced graphics processors and AI software to power its vehicles and had a market valuation of $4.71 billion as of the last closing. Nvidia was an early investor in WeRide. Investors closely monitor Nvidia's stake disclosures as they can influence the stock prices of companies it invests in or divests from while providing insights into the growth strategy of the dominant artificial intelligence chip designer. "There is no greater vote of confidence than Nvidia taking a stake in your co...

[hfe_template id='11223'] [ad_1] Wall Street's three major indexes gained more than 1% on Monday as investors looked for bargains after the previous week's sell-off while they also waited for inflation reports in coming days and the Federal Reserve's next policy decision next week. Investors had fled from equities last week when Friday's weaker-than-expected August jobs data followed weak manufacturing data on Tuesday, driving the Nasdaq Composite's biggest weekly loss since January 2022, and the S&P 500's biggest weekly decline since March 2023. Along with jitters about the U.S. economy's health investors have been contending with uncertainty about the Fed's interest rate decision due Sept. 18. But they arrived at their desks in what looked like more bullish moods on Monday. "Investors had a little time over the weekend to think about things. Clearly there was an overreaction to economic data last week. It raised overblown fears...

[hfe_template id='11223'] [ad_1] Japan's Nikkei share average fell more than 4% on Wednesday, as chip-related stocks followed AI darling Nvidia lower and soft U.S. manufacturing data reignited fears of a hard landing for the economy. The Nikkei closed 4.24% lower at 37,047.61, marking its lowest close since Aug. 15 and biggest decline since Aug. 5. The broader Topix fell 3.65% to 2,633.49. "Today's decline was a reaction to the sharp recovery from the big losses in mid-August," said Tomochika Kitaoka, chief equity strategist at Nomura Securities. "The market has turned cautious about the state of the U.S. economy and will remain cautious until the non-farm payrolls data due on Friday." The Nikkei fell more than 12% to 31,458.42 on Aug. 5 in its biggest decline since Black Monday amid U.S. recession fears and a sharply stronger yen. On Wednesday, a stronger yen also weighed on local equities, many of which are exporters. "What is differe...

[hfe_template id='11223'] [ad_1] 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 and revenue that was largely in line. But some investor concerns were allayed after the company said it expects production of its next-generation Blackwell chips to ramp up in the fourth quarter. Shares of other chip companies were mixed after some reversed gains from earlier in the session. Broadcom shares ended 0.8% lower while those of Advanced Micro Devices fell 0.6%. Shares of Arm rose 5.3%. Nvidia's shares remain up 137% this year, making the company a pillar of the rally in U.S. stocks. Those gains have been driven in part by a series of blowout quarterly revenue forecast...

[hfe_template id='11223'] [ad_1] Asian shares crept cautiously higher on Monday, while the dollar and bond yields were on the wane ahead of inflation data that investors hope will pave the way for rate cuts in the United States and Europe. Oil prices climbed 0.7% after Israel and Hezabollah traded rocket salvos and air strikes on Sunday, stirring worries about possible supply disruptions if the conflict escalated. Brent rose 51 cents to $79.53 a barrel, while U.S. crude added 50 cents to $75.33 per barrel. [O/R] Investors are also anxiously awaiting earnings from AI darling Nvidia on Wednesday to see if it can match the market's uber-high expectations. The stock is up some 150% year-to-date, accounting for around a quarter of the S&P 500's 17% year-to-date gain. "Nvidia will beat consensus expectations, they always do, but investors are so ingrained in seeing revenue come in $2 billion plus above the analysts' consensus or we could easily see a sel...

[hfe_template id='11223'] [ad_1] The Nasdaq ended sharply lower on Thursday, hit by losses in Nvidia, Apple and Tesla as investors rotated into smaller companies after softer-than-expected inflation data fed bets the Federal Reserve will cut interest rates in September. The S&P 500 also lost ground after a Labor Department report showed U.S. consumer prices fell unexpectedly in June and the annual increase was the smallest in a year, drawing the Fed closer a September rate cut. The Dow finished with modest gains. Interest rates futures suggest traders see an over 90% chance the Fed will cut rates by its September meeting, up from about 74% on Wednesday, according to CME Group's Fedwatch. Despite signs of receding inflation, Wall Street's most valuable companies lost ground, with Microsoft and Amazon each losing more than 2% and Meta Platforms dropping about 4%. Tesla tumbled 8.4%, its biggest one-day percentage drop since January, after Bloomberg News repor...

[hfe_template id='11223'] [ad_1] The unstoppable march of the mega caps, sloth-like central bank pivots, political palpitations aplenty and M&A is back - the first half of 2024 has been another whirlwind in world markets. Forecasts for a global interest-rate-cutting frenzy may not have materialized, but Nvidia and the rest of the Magnificent 7 soared another $3.6 trillion in market value. MSCI's 47-country world stocks index has clocked up a punchy 11% since January. Good yes, but nowhere near the 30% leap of team tech, or the frankly eye-popping 150% gain of chip champ Nvidia. "Thirty percent of the S&P's returns this year have come from Nvidia alone," the chief investment officer of IBOSS Asset Management Chris Metcalfe said, pointing out it was now the most expensive stock on the most expensive market in the world. It is not just equity markets where milestones have been set. Japan's yen has bowed to a 38-year low against the dollar in ...

[hfe_template id='11223'] [ad_1] Nvidia Corp.’s run as the world’s biggest company didn’t last long. Shares of the semiconductor giant have tumbled on back-to-back days, dropping more than 7%, after rallying earlier in the week and pushing its valuation to $3.3 trillion, just above Microsoft Corp. and Apple Inc. Traders said there weren’t any fundamental reasons behind the two-day selloff but it does, if nothing else, underscore the breakneck pace at which the stock had climbed — almost 200% in the past year alone — and how that ascent now makes it vulnerable to sudden retreats like this one. Bloomberg Given the three megacaps have jockeyed all month for the pole position, Nvidia, of course, could reclaim the top spot soon enough after shedding more than $200 billion in market value in two days. “Nothing has gone wrong at Nvidia, which reached the number one spot earlier this week,” said Russ Mould, investment director at AJ Bell. “It’s just the usual fluctuations in the...

[hfe_template id='11223'] [ad_1] Nvidia's shares declined nearly 3.4% on Thursday, handing the title of the world's most valuable company back to Microsoft. Nvidia, whose market capitalization surpassed that of Microsoft on Tuesday, was set to lose around $91 billion to its last closing market value of $3.34 trillion, at the current level of $131.88. Microsoft's market value also slipped, to $3.30 trillion, as its shares were down 0.4% at $444.8 in afternoon trading. Nvidia, Microsoft and Apple are in a three-horse race to become the world's most valuable company. The Tim Cook-led iPhone maker's market capitalization was at $3.22 trillion, with its shares down 2.2% at $210.10 in the afternoon. Elon Musk said on his X social media platform on Wednesday that Dell and Super Micro are supplying server racks for the supercomputer of his xAI startup, which will be used to expand the capabilities of its AI tool, Grok. Dell Technologies and Super Micro Comp...

[hfe_template id='11223'] [ad_1] Nvidia has become the world's most valuable company following a staggering rally in its shares, underlining the outsized role investors expect artificial intelligence to play in the global economy over coming years. Nvidia shares rose about 3% on Tuesday, giving it a market value of about $3.33 trillion. That pushed the semiconductor bellwether past Microsoft and Apple, which had been jostling for the top spots in recent days. The surge in Nvidia's market value has been driven by demand for its chips, which are the gold standard in the AI space. The company's shares are up more than 170% this year and have risen about 1,100% since their October 2022 low. Blockbuster earnings and broadening investor enthusiasm over AI are supercharging Nvidia's rally. That fervor has been reflected in Nvidia's market value, which took only 96 days to go from $2 trillion to $3 trillion. Microsoft, one of the two other companies to reac...

[hfe_template id='11223'] [ad_1] The S&P 500 and Nasdaq closed at record highs on Tuesday, buoyed by Nvidia's continued surge to new peaks, while the Dow ended barely higher in subdued pre-holiday trading following softer-than-expected U.S. retail sales data. Nvidia overtook Microsoft to become the world's most valuable company, ending the day with a market capitalization of $3.22 trillion. Other chip stocks also extended their recent rallies, boosting the Philadelphia SE Semiconductor index to a record high. Qualcomm, Arm Holdings and Micron advanced between 2.1% and 8.7%, with Micron hitting a record high. "It's really the AI story," said Ty Draper, financial advisor at Beacon Capital Management in Franklin, Tennessee. The Nasdaq notched a seventh record closing high in a row, as gains in many chip stocks offset losses in Alphabet , Amazon and Meta Platforms. Retail sales rose 0.1% in May, versus the 0.3% growth forecast by economists polled...

[hfe_template id='11223'] [ad_1] The Federal Reserve has disappointed investors this year, but no matter. The markets have adjusted. Even without any interest rate cuts so far in 2024 and with the likelihood of just one meager rate reduction by the end of the year the stock market has been purring along. That's quite an achievement, given the expectation in January that the Fed would trim rates six or seven times in 2024 and that interest rates throughout the economy would be much lower by now. Buoyant as the stock market may seem, when you look closely, it's apparent that the S&P 500's recent returns rest on a precarious base. AI fever based on the belief that artificial intelligence is ushering in a new technological age has been spreading among investors, and that has been enough so far to keep the overall stock market averages rising. But the rest of the market has been rather ho-hum. In fact, strip away the biggest companies, especially the tech comp...

[hfe_template id='11223'] [ad_1] Hewlett Packard Enterprise rose more than 12% on Wednesday after the company forecast third-quarter revenue above Wall Street estimates, helped by growing demand for its AI-optimized servers. Server makers are benefiting from robust demand for AI systems provided by companies including HPE, which support power-hungry data centers amid growing investments in generative AI technology. The company's lead times - the duration between starting and completing a process - to deliver Nvidia's AI-powered chips is now between six weeks and 12 weeks, CEO Antonio Neri said in a post-earnings call. Analysts at Bernstein said this suggests potential for HPE and peer Dell Technologies to have "very strong shipments over the next quarter or two as they deliver on backlog", but it depends upon customers being willing to take deliveries earlier. The Texas-based company is set to add more than $2 billion to its market value based on its ...

[hfe_template id='11223'] [ad_1] The Nasdaq crossed 17,000 for the first time ever on Tuesday, boosted by gains in Nvidia, while the S&P 500 closed barely higher and the Dow ended lower as Treasury yields rose. Nvidia jumped 7% and boosted shares of other chip stocks as traders returned from a holiday-extended weekend. An index of semiconductors rose 1.9%. S&P 500 technology led gains among sectors, while healthcare was the biggest decliner along with industrials. Stocks lost ground in afternoon trading as U.S. Treasury yields climbed to multi-week highs after weak debt auctions. "We had two disappointing results and we saw yields climb and the (stock) market respond negatively," said Quincy Krosby, chief global strategist, LPL Financial in Charlotte, North Carolina. "The market doesn't want to see yields edging up... to a level that perhaps threatens the economy and the consumer and thwarts the (Federal Reserve)'s time table for easing....

[hfe_template id='11223'] [ad_1] European stocks edged higher on Thursday after strong forecasts from AI darling Nvidia lifted global chipmakers, while investors awaited the latest business surveys to gauge the euro zone economy's outlook and interest rate path. The pan-European STOXX 600 index was up 0.2%, as of 0711 GMT, with the tech index gaining 1.2% to lead sectoral gains. Shares of European semiconductor stocks including ASML , Infineon and ASM rose in the range of 1.5% to 2.4% after Nvidia forecast quarterly revenue above estimates, announced a stock split and raised its quarterly dividend by 150%, on a post-split basis. Nvidia's shares rose 6.5% in Frankfurt trading. Flash business surveys for the euro zone and the UK later in the day are expected to show a slight improvement in May. Defensive sectors such as utilities and real estate were on the backfoot, with Britain's National Grid tumbling nearly 8% after it announced plans to raise about 7 bil...

[hfe_template id='11223'] [ad_1] U.S. stocks fell on Wednesday as investors digested minutes of the Federal Reserve's most recent meeting but Nvidia's shares rose about 6% after the close on the semiconductor bellwether's stronger-than-expected revenue forecast. The news also drove gains in other chipmakers. Investors had focused on whether Nvidia's first-quarter results could meet sky-high expectations and whether the outsized rally in artificial intelligence-related stocks could be sustained. Nvidia shares, which had closed weaker, have surged about 90% this year after rocketing almost 240% in 2023. "The markets are just waiting for Nvidia to make sure that even if they beat ... what does it look like going forward and what is the forward-looking thinking with justifying where valuations are," said Megan Horneman, chief investment officer at Verdance Capital Advisors in Hunt Valley, Maryland. "It's valuations that are more important...

[hfe_template id='11223'] [ad_1] Several key Asian share benchmarks fell on Thursday as markets digested the implications of policymakers in major economies preferring to take patient approach to monetary easing amid sticky inflation. MSCI's broadest index of Asia-Pacific shares outside Japan lost 0.57%. Australia's S&P/ASX 200 index was one of the biggest decliners, slumping 0.8%, also hurt by a pullback in some commodity prices. Geopolitical tensions also kept investors nervous as China's military started two days of "punishment" drills held in five areas around Taiwan just days after new Taiwan President Lai Ching-te took office. But Taiwan's stock market was not too fussed and was last up 0.3%. More hawkish-than-expected minutes of the Federal Reserve's latest policy meeting, a hot UK inflation print and a sobering assessment of New Zealand's inflation problems from the country's central bank have caused investors to pare th...