Posts in category Economic Times
Nvidia’s AI chip demand still booming but slowing sales growth worries investors (21-11-2024)
Nvidia, the world’s most valuable firm, predicted its slowest revenue growth in seven quarters, falling short of investor expectations. Despite exceeding initial sales projections for its new AI chips, supply chain issues and high demand are impacting the company’s growth and margins. While Nvidia’s third-quarter earnings surpassed estimates, its data center segment experienced slower growth.
Bitcoin breaks above $95,000 for the first time (21-11-2024)
Bitcoin hit a record Thursday, topping $95,000 for the first time as it benefits from expectations that president-elect Donald Trump will push through measures to ease regulation of the unit. The digital currency hit $95,004.50 in early Asian trade, with observers expecting it to soon reach $100,000. dan/cwl
Nvidia is Wall Street’s most valuable company. How it got there, by the numbers (21-11-2024)
Nvidia surpassed Wall Street predictions, reporting doubled revenue due to high demand for its semiconductors used in AI. The company anticipates further growth. Nvidia’s market value reached $3.579 trillion, regaining the top position in the S&P 500. Its data center business revenue surged by 112%. Analysts project Nvidia’s revenue to reach $126.5 billion by fiscal year 2025.
Oil prices firm as geopolitical tensions raise supply concerns (21-11-2024)
Oil prices saw a slight increase on Thursday due to escalating tensions between Russia and Ukraine, raising supply concerns. Despite increased U.S. crude stocks and restored output at a North Sea oilfield, the potential for OPEC+ to delay planned production increases due to weak global demand further fueled market uncertainty.
Dollar pulls ahead as markets focus on Trump policies, Fed outlook (21-11-2024)
The U.S. dollar strengthened as traders awaited clarity on President-elect Trump’s policies and the Federal Reserve’s interest rate plans. The dollar’s rise was fueled by speculation that Trump’s policies could boost inflation. Meanwhile, the euro weakened amid concerns about potential trade tariffs and the Russia-Ukraine conflict.
Gold extends gains on Russia-Ukraine jitters (21-11-2024)
Gold prices edged up for a fourth day, driven by safe-haven demand amid escalating Russia-Ukraine conflict and uncertainty surrounding U.S. interest rates. While Ukraine deployed Western missiles against Russia, investors awaited U.S. jobless claims data and Fed officials’ remarks for clues on future rate decisions.