Nvidia Slumps After CES Unveiling, Tech Stocks Pressured by Interest Rate Fears

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

Business ニュース

Technology,Nvidia,Stock Market

U.S. stock futures see little change as Nvidia's post-CES slump impacts the tech sector. Sustained inflation and a strong labor market fuel concerns about slower interest rate cuts by the Federal Reserve.

U.S. stock index futures moved little on Tuesday evening, steadying after growing uncertainty over slower interest rate cuts and steep losses in Nvidia weighed heavily on Wall Street. The broader technology sector was pressured, as did a spike in Treasury yields after economic data pointed to sustained inflationary pressures, furthering the case for a slower pace of monetary easing by the Federal Reserve. Nvidia was by far the worst performing major technology stock on Tuesday, sliding 6.

2% from record highs. The stock rose marginally in aftermarket trade. CEO Jensen Huang unveiled a flurry of new products at the Consumer Electronics Show in Las Vegas on Monday, including a new range of graphics chips, in-house artificial intelligence models, more tie-ups with automakers on self-driving, and even a desktop supercomputer. Huang also said the firm’s next generation of Blackwell AI chips were now in full production. But while the update does bode well for Nvidia’s long-term prospects, some analysts noted that it did little to spur the company’s near-term outlook. A bulk of the announcement also appeared to be priced into the stock, given that it hit a series of record highs in the run-up to Huang’s address. The stock was walloped by a heavy dose of profit-taking, after Nvidia tripled in market value through 2024. Microsoft slid 4.1% after BofA downgraded the stock on concerns over stretched valuations and potential difficulties in meeting its lofty AI ambitions. Sticky inflation and strength in the labor market are expected to give the Fed less impetus to cut interest rates sharply in 2025, with the bank having warned as much during its December meeting

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:

 /  🏆 450. 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