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 16, 2024
The past six months have been a rollercoaster ride for investors as expectations regarding the Federal Reserve’s (Fed) interest rate policy shifted gears. Initially, investors and analysts were talking about the Fed maintaining the rate at 5.5% for a while, only to switch towards discussions of potential rate cuts early in 2024. However, recent inflation […]
48 hours: The Demise of a Bank
The markets were roiled the week ending March 10 by the collapse of the SVB Financial Group (NASD:SIVB), the banker to more than half of the US technology and healthcare startups. The fall of SIVB not only reverberated though the US financial sector but rippled throughout global markets, banking stocks in particular. SIVB was the […]
Weekly Update for the week ending February 3, 2023
Items that may only interest or educate me …. US interest rates, European interest rates, Huge job growth int the US, Slowing Canadian GDP, Big tech earnings’ misses … As expected, in a unanimous decision by members of the US Federal Reserve System’s (Fed) Federal Open Market Committee (FOMC), they increased the US benchmark interest […]
The week ending June 24, 2022
Inflation – what is it good for? In the last few weeks, inflation has made its way from the Business section of the newspaper to the front pages. Almost weekly we hear the price of gas and groceries has gotten more and more expensive. The price of gas is up nearly 50% in the last […]