News Formal

Nvidia rebound adds US$400 billion in market value over four days

  • 📰 BNNBloomberg
  • ⏱ Reading Time:
  • 42 sec. here
  • 9 min. at publisher
  • 📊 Quality Score:
  • News: 44%
  • Publisher: 50%

Artifical Intelligence ニュース

Business,Company News,Industry

It’s been a rough six weeks for Nvidia Corp. shareholders. A historic dip that erased record market value from the company was followed by a four-day stretch of stomach-churning volatility. Now, though, signs are emerging the worst might be over.

Jeran Wittenstein and Carmen ReinickePierre Ouimet, head investment strategist at UBS Canada, joins BNN Bloomberg to evaluate interest rate outlook.

“There was a lot of positive news for Nvidia out of the hyperscalers this earning season, but the carry trade impact was so massive it didn’t matter,” said Ivana Delevska, founder and chief investment officer of Spear Invest. “Now that that technical pressure has abated, there’s been a return to the fundamental story, and that’s why we’re seeing this spike.”

But for now, the selloff has attracted legions of dip buyers. Hedge funds to retail investors are bullish on the long-term trajectory of artificial intelligence and may be positioning ahead of what’s expected to be a solid quarterly earnings report from Nvidia, due at the end of the month. Results from megacap technology companies so far show that some of Nvidia’s largest clients — Microsoft Corp., Amazon.com Inc., Alphabet Inc. and Meta Platforms Inc.

このニュースをすぐに読めるように要約しました。ニュースに興味がある場合は、ここで全文を読むことができます。 続きを読む:

 /  🏆 83. in JP
 

コメントありがとうございます。コメントは審査後に公開されます。

日本 最新ニュース, 日本 見出し

Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。

Nvidia, ASML, and TSMC stocks are getting hammered — here's whyChip stocks are getting hammered. Reasons why include a media report that the US is considering tighter export restrictions and a broader rotation out of Big...
ソース: YahooFinanceCA - 🏆 47. / 63 続きを読む »