AI stocks boost Wall Street
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Stocks fell on Wall Street, pulled down by losses in the same big tech companies that have been the main drivers of the market's rally so far this year.
In fact, Wedbush just reiterated an outperform rating on the tech giant, with a price target of $600. The firm expects Elon Musk to get overwhelming shareholder support on the potential $1 trillion pay package,
Nvidia ($NVDA) stock reached a major milestone on October 29, becoming the first company in history to cross a $5 trillion market valuation. The
Shares in Europe and Asia have retreated following a broad decline on Wall Street spurred by selling of Big Tech shares.
After testing all-time highs, the major indices are in the red this morning. Dow futures are down 301 points. Nasdaq futures are down 344, as the S&P 500 sinks about 70 points. All thanks to a decline in Palantir’s overvalued shares,
Burry’s hedge fund Scion Asset Management has bought put options on 1 million shares of Nvidia and 5 million shares of Palantir.
Más ganancias para Nvidia, Amazon y otras superestrellas de la IA impulsaron a Wall Street el lunes. El S&P 500 subió 0,2% y se acercó a su
U.S. stock index futures ticked higher on Wednesday, with Nvidia on track to become the first company to surpass $5 trillion in market value, while investors awaited the Federal Reserve's rate decision and results from Big Tech firms.
Palantir stock sold off after earnings despite solid results, while comments from bank CEOs have raised concerns about a more severe pullback.
Stocks fell on Wall Street Tuesday, pulled down by losses in the same big tech companies that have been the main drivers of the market’s rally so far this year. The downturn pulled every major index further away from the all-time highs set just last week.
Asia Pacific markets were mostly set to fall Tuesday, breaking ranks from Wall Street, which saw a tech-fuelled rally stateside.