My top 10 things to watch Tuesday, March 19 Nvidia unveiled a more powerful chip platform with an operating system for accelerated computing and generative artificial intelligence. What does it mean for the company? What does it mean for the stock? What does it mean for the economy? I'll ask Nvidia founder and CEO Jensen Huang in a live interview on CNBC at 10:15 a.m. ET. An exclusive Part 2 of the Jensen interview will be on "Mad Money" tonight. Nvidia shares are down roughly 2.
Nvidia shares are down roughly 2.5% early Tuesday following Jensen's keynote address at the company's annual GTC developers conference. Still, the stock is up more than 75% year to date and about 240% over the past 12 months.. It was down sharply last Friday and Thursday, too, taking a bite out of one of the biggest rallies tied to the AI boom.to sell from neutral and cut its price target to $125 per share from $180.
Wall Street is looking lower Tuesday, the first day of the Federal Reserve's two-day March meeting. The S&P 500 andeach broke a three-session losing streak on Monday. Central bankers on Wednesday afternoon are expected to hold interest rates steady again. Investors will read the Fed's policy statement and listen closely to Fed Chairman Jerome Powell's news conference Wednesday afternoon to see when a rate cut might be in the cards later this year. Central bankers could cut rates fewer times than expected in 2024, according toprice target to $115 per share from $131 ahead of Thursday evening earnings. Is this one done? Lots of PT cuts.
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