Nvidia's AI-powered rise to a $4 trillion market cap
Digest more
Bitcoin hit a new all-time high this week, alongside the Nasdaq Composite and tech giant Nvidia. The oldest and largest cryptocurrency traded as high as $112,021.91 on Wednesday afternoon, breaking a previous record set in May,
There’s a significantly elevated chance that a U.S. recession will begin within the next 12 months. The odds are roughly one in five, in fact, based on the unusually wide spread between the Conference Board’s Consumer Confidence Index (CCI) and the University of Michigan’s Consumer Sentiment Index (UMI).
The breakout zone for Nifty stands at 25,550, above which it could rally to 25,650-25,725. On the flip side, a dismissal of 25,400 could accelerate selling pressure, as per experts
Rivian Automotive ( RIVN 0.38%) is one of the most exciting electric car stocks today. Over the next few years, its growth should explode higher thanks to the introduction of new, lower-priced models. But if you think the market is already pricing in this growth, think again. Rivian stock is far cheaper than you might suspect.
President Donald Trump's tariff letters have targeted Algeria, Brunei, Iraq, Libya, Moldova, the Philippines and Sri Lanka. That's shown in the chart above. Read more in the article below.
The trends on Gift Nifty also indicate a muted start for the Indian benchmark index. The Gift Nifty was trading around 25,567 level, a premium of 8.2 points from the Nifty futures’ previous close.
Nasdaq shows technical momentum, yet valuation concerns persist. Analysts expect steady EPS growth, but fair value is in the mid-$80s. See more on NDAQ stock here.
Nvidia shares hit a record high Wednesday as the AI investor favorite became the first company ever to reach a market capitalization of $4 trillion. Monitor these key chart levels.
In the broader markets, the Nifty MidCap and Nifty Smallcap slipped 0.32 per cent and 0.3 per cent, respectively.
Indian benchmark indices, the Sensex and Nifty 50, ended lower on Thursday, July 10 again extending its decline for a second consecutive session. The fall was due to investor caution ahead of the Q1 earnings season and uncertainty around a possible US-India trade deal.
Nifty futures on the NSE International Exchange traded 4.30 points, or 0.02 per cent, lower at 25,554.50, hinting at a muted start for the domestic market on Thursday.
Contrarians believe the stock-market decline that kicked off the week after the July 4 holiday is the start of something bigger.