It's not just about NVDA anymore, according to analysts at Bank of America on Monday, with the firm stating that fundamentals are broadening out.
BofA notes that Nvidia (NASDAQ: NVDA) takes center stage this week, reporting earnings on Wednesday, May 22.
"The bar has been high this earnings season, especially for Tech, and our Semi analyst sees more volatility ahead," wrote the investment bank. "But it's not just about NVDA anymore."
The bank feels that AI... (continue reading...)
Federal Reserve Bank of San Francisco President Mary Daly today expressed skepticism about inflation declining sustainably to the 2% target.
The senior Fed official noted a lack of confidence in a consistent downward trend and did not observe any current evidence necessitating an increase in interest rates.
Moreover, Daly anticipated improvements in shelter inflation but cautioned that such improvements would not be rapid.
The remarks reflect ongoing deliberations... (continue reading...)
By Jaspreet Singh and Arsheeya Bajwa
(Reuters) -Dell Technologies unveiled a range of AI-enabled PCs powered by Qualcomm processors and said a new server which supports Nvidia's latest chips will be available from the second half of 2024.
Dell made the announcements at an event in Las Vegas on Monday, aiming to maintain momentum in the lucrative market for artificial intelligence servers and bracing for an expected recovery in the PC market... (continue reading...)
Investing.com -- Main U.S. indexes traded higher Monday, retaining a degree of optimism at the start of a new week that offers more clues as to the likely future direction of U.S. monetary policy.
Here are some of the biggest U.S. stock movers today:
JPMorgan Chase (NYSE: JPM) stock fell 0.5% despite the investment bank raising its forecast for net interest income, or the difference between what it makes on loans and pays out on... (continue reading...)
Investing.com -- U.S. inflation data so far this year has been "disappointing," according to Federal Reserve Vice Chair for Supervision Michael Barr, in a sign that the central bank may need more proof that price pressures are cooling before beginning to ratchet down interest rates.
Speaking at an event in Florida, Barr said that 2024's inflation numbers have not given him the "increased confidence" needed to support lowering rates down from than two-decade highs.
He... (continue reading...)
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