Stocks stop short of record peaks as Nvidia earnings loom

  • 📰 Investingcom
  • ⏱ Reading Time:
  • 44 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 53%

Belgique Nouvelles Nouvelles

Belgique Dernières Nouvelles,Belgique Actualités

Stocks stop short of record peaks as Nvidia earnings loom

SINGAPORE - Global stocks were poised near record highs on Wednesday, with the next move riding on results at chipmaking market darling Nvidia , while sterling notched a 2-1/2 year high as traders bet that Britain will lag the U.S. in cutting interest rates.Nvidia's market value has ballooned thanks to its dominance of the computing hardware behind artificial intelligence. The stock price is up some 3000% since 2019 and with a market capitalisation of $3.

"The company’s revenue and sales guidance is a barometer of AI capex, with inferences to be drawn about the health of the other mega-cap tech names," he said.China's biggest sportswear maker, Anta, was the top gainer and shares were up 8.5% after better-than-expected profits and $1.3 billion buyback.

Interest rate futures price 100 basis points of U.S. rate cuts this year and last week Fed Chair Jerome Powell endorsed an imminent start to cuts saying"the time has come". The tone contrasts with caution at the Bank of England, which has helped sterling become the top-performing G10 currency with a 4.1% gain for the year-to-date.

"In our view, the BoE is likely to only cut rates once a quarter going forward," she said, against a forecast for four consecutive 25 bp cuts from the Fed from September to January.

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 450. in BE

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Stocks rally before the Fed decision as Nvidia soars 10% to lead chip comeback: Live updatesStocks rose Wednesday as investors parsed the latest earnings reports and readied for the Federal Reserve monetary policy decision.
La source: CNBC - 🏆 12. / 72 Lire la suite »

Intel's 21.5% share plunge drags global chip stocks; Nvidia falls 3.5% in premarket tradingAsian stocks including Samsung and TSMC closed lower as European chip firms including ASML also dropped.
La source: CNBC - 🏆 12. / 72 Lire la suite »

Intel shares plunge 21% in premarket trading, Nvidia down 3.5% as global chip stocks fallAsian stocks including Samsung and TSMC closed lower as European chip firms including ASML also dropped.
La source: NBCNewYork - 🏆 270. / 63 Lire la suite »

Something concerning is going on with chip stocks ahead of Nvidia earningsThe stock market’s back near record highs, but a key space that drove it to those levels earlier in the year is still a way’s off.
La source: CNBC - 🏆 12. / 72 Lire la suite »

Stocks like Nvidia are table-pounding buys, Bank of America saysStocks like Nvidia still have more room to run this summer, according to Bank of America.
La source: CNBC - 🏆 12. / 72 Lire la suite »

Four other stocks to buy ahead of Nvidia earnings this weekOn CNBC's 'Worldwide Exchange,' Frank Holland reviewed the market action from Powell's Friday speech and discussed some key picks ahead of Nvidia's earnings.
La source: CNBC - 🏆 12. / 72 Lire la suite »