US stocks tipped higher on Thursday, eyeing a rebound from recent losses as investors looked to fresh quarterly earnings for inspiration amid dwindling hopes for an early 2024 interest rate cut. The S&P 500 (^GSPC) added around 0.4%, while the tech-heavy Nasdaq Compossite (^IXIC) led gains, rising 1%. The Dow Jones Industrial Average (^DJI) dropped […]
Tag: chipmakers
US futures point to rebound as chipmakers shine
US stock futures tipped higher on Thursday, eyeing a rebound from recent losses as investors looked to fresh quarterly earnings for inspiration amid dwindling hopes for an early 2024 interest rate cut. S&P 500 (^GSPC) futures added around 0.4%, while those on the tech-heavy Nasdaq 100 (^NDX) jumped 0.7%. Dow Jones Industrial Average (^DJI) futures […]
Nvidia kicks off 2024 by extending its eye-popping rally, with the chipmaker’s valuation up $130 billion already
Nvidia CEO Jensen Huang.SAM YEH/AFP via Getty Images Nvidia’s stock price is up 10% this year, extending its rally from 2023. Its total market capitalization has risen by $128 billion so far in 2024, according to data from Refinitiv. The AI investing craze has fueled the chipmaker’s stellar growth. Nvidia‘s 2024 is off to a […]