Nvidia (NASD: NVDA) had itself quite the week. Following an impressive earnings presentation, Nvidia not only surpassed revenue and net income forecasts but also offered future earnings guidance that exceeded analyst predictions. Consequently, Nvidia’s stock surged by 17% in just two days, reaching a new all-time high and increasing its market value by about $277 billion. This was the largest single-session market value gain in history. At one point, Nvidia’s valuation briefly exceeded $2 trillion, before settling just under the $2 trillion mark. This made it the third largest company by market capitalization, surpassing giants like Alphabet (NASD: GOOGL) and Amazon (NASD: AMZN).
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Weekly Update for the week ending February 9, 2024
This past week, with a lull in economic news, corporate earnings captured the spotlight – and they certainly delivered. Fueling investor optimism further were the revised US Consumer Price Index numbers for December, indicating lower inflation than initially reported. This shift has led investors to speculate about the potential for the Federal Reserve to lower […]
Weekly Update for the week ending January 5, 2024
Welcome to 2024! I hope everyone had a good Christmas break to recharge and get ready for 2024.
There was no Weekly Update for the last week of 2023, however, that does not mean all was quiet here. There were a few minor changes to the web site. As you may have noticed, the website received a fresh, new look and feel towards the end of 2023.
Weekly Update for the week ending July 28, 2023
Items that may only interest or educate me ….
Canadian Economic news, US Economic news, Central banks elsewhere, Electric vehicle charging gets a jolt, ….