Wall Street is rushing to raise price targets on Nvidia
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Big swings keep rocking Wall Street
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The S&P 500 is tracking toward its worst November since 2008 amid mounting concerns over an AI-fueled "bubble" that not even Nvidia and its CEO, Jensen Huang, could allay after it
Nvidia has grown to become the largest stock on Wall Street and briefly topped $5 trillion in value. That means its stock movements carry more weight on the S&P 500 than any other stock, and it can single-handedly steer the index’s direction some days.
Investors initially liked Nvidia's earnings and the September jobs report. Then they changed their mind, and stocks sold off. Here is what market participants made of the turnaround: “There’s just not a lot of confidence in the market right now,
Warnings about Wall Street's excessive optimism, concentration risk, and frothy valuations have fallen on deaf ears for most of this year, leaving market-watchers wondering what, if anything, will cool the tech and artificial intelligence frenzy.
SoftBank’s 10% plunge led a broad Asia tech selloff as U.S. rate-cut hopes faded. Japan and South Korea saw sharp index drops while inflation data added BOJ pressure. Wall Street swung from gains to losses,
7don MSN
Wall Street drops to one of its worst days since April on worries about AI stocks and interest rates
The U.S. stock market is slumping as superstars swept up in the mania around artificial-intelligence technology keep weakening. The S&P 500 fell 1.5% Thursday.
Although the Oracle of Omaha's actions will live on beyond his retirement, Berkshire Hathaway will continue to serve as an anchor of optimism for long-term-minded investors.
The ongoing Bitcoin crash has claimed a major casualty: BlackRock (NYSE: BLK). Yes, the world's largest asset manager recently suffered its worst-ever rout when its spot Bitcoin exchange-traded fund (ETF) saw the largest sell-off in a single day.