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...)
A bipartisan Senate group last week recommended tens of billions of dollars in new federal spending to ensure the safe development of AI and maintain the U.S.'s competitive edge, particularly against China.
The initiative was outlined in a report released Wednesday by the AI Working Group, led by Senate Majority Leader Chuck Schumer (D., N.Y.). The document serves as a road map for AI policy, presenting a number of recommendations to foster AI advancement while... (continue reading...)
Investing.com -- Data indicating a cooling in inflationary pressures in the U.S. may be encouraging, but it is still too soon to say if price growth in the world's largest economy is sustainably subsiding, according to Fed Vice Chair Philip Jefferson.
Speaking at an event in New York, Jefferson argued that it is too early to tell if a "disinflationary process" in the U.S. will be long lasting.
"This feels consistent with the idea that the Fed leadership is looking at... (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...)
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