Wall Street, US and stocks
Digest more
An early stock-market rally on Thursday has given way to broad-based selling as doubts about the artificial-intelligence trade re-emerged following the latest batch of earnings from Nvidia.
US stocks gave up early gains to end lower after economic and rate uncertainty topple strong earnings from AI darling Nvidia and retail giant Walmart.
Stocks rallied in early trading on Thursday, just hours after blockbuster earnings from chip giant Nvidia and a stronger-than-expected jobs report. The Dow Jones Industrial Average jumped nearly 600 points, or 1.2%, while the S & P 500 climbed 1.8%. The tech-heavy Nasdaq soared 2.5%.
Asian stocks have tracked Wall Street’s plunge in skittish trading, with the region’s major benchmarks erasing the previous day’s gains.
Major stock indexes slid into the red Thursday after opening sharply higher. Here are a few factors that drove the loss of momentum: The artificial-intelligence turnaround was fleeting. Though Nvidia’s earnings report last night seemed to restore some faith in the AI trade,
Throw in crazy AI valuations, for privately held startups and publicly traded stocks alike, and what we’re seeing looks a lot like a bubble. Perhaps this time is different. But note that phrase served as the ironic title of an acclaimed 2011 book by economists Carmen Reinhart and Kenneth Rogoff—a work whose subtitle is “Eight Centuries of Financial Folly.
Tech stocks are falling for a fourth consecutive session as investors brace for Nvidia's earnings report. Bitcoin dropped and bond yields tumbled.
Tech stocks remain on track for a record $75 billion inflow this year, BofA's weekly flow show note said on Friday, highlighting demand for the sector even as it comes under pressure from concerns about lofty valuations.
Stocks closed markedly lower on Tuesday as fears of a bubble in artificial intelligence technology hammered markets for a fourth consecutive trading day.
Nvidia (NVDA)'s Q3 earnings beat has lifted stocks across the tech sector, including competitors such as Intel (INTC), AMD (AMD) and Broadcom (AVGO). But there are four stocks (000660.KS, 005930.KS, MU,
Nvidia CEO Jensen Huang's rejection of the AI bubble narrative seemed to reassured investors initially, but their concerns couldn't be repressed for long.