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Market Trends: Dow Jones Rises, Intel Struggles, Nvidia and ...
2024-09-07 13:29:07
Stocks
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Technology

Market Trends: Dow Jones Rises, Intel Struggles, Nvidia and Broadcom in Spotlight

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The Dow Jones saw gains while Nasdaq dropped, with Broadcom and Nvidia partner's stocks plunging. Samsara surged, while Arista, Costco, Meta, Netflix, and Taiwan Semi attracted attention.

Home Depot and IBM were in buy zones. Amazon, Apple, Microsoft, Nvidia, Tesla, and Alphabet had mixed performances.

The nonfarm-payrolls report impacted midday market, with Intel, Dell, and Ulta making moves. Intel's challenges led to discussions of its Dow Jones status.

Broadcom reported strong Q3 results but gave weak Q4 guidance. Nvidia and Broadcom were considered as potential Dow Jones replacements.

Meanwhile, Nvidia's AI-GPUs lead, but its high valuation raises concerns, while Broadcom's diverse sales channels and VMware acquisition position it as a significant cloud solutions provider.

Related news on that topic:

Economic Concerns - US Technology Index Nasdaq Plunges, Nvidia ... Ten Percent

The stock markets experienced losses as the Nasdaq 100, Dow Jones, Dax, and Japanese indices all fell. Nvidia's market value dropped significantly, leading to concerns about the US economy. Investors are anticipating quarterly figures from Hewlett Packard Enterprise and Home24, as well as interest rate cuts by the US Federal Reserve and the ECB in September. The market sell-off was driven by growth fears and seasonal factors, impacting equities and cryptocurrencies. Intel's future is uncertain as it faces a crisis with plummeting stock prices, layoffs, and suspended dividends. The company aims to make a comeback with grants and loans from the Biden Administration, but competitors like Nvidia and TSMC dominate the chip design and manufacturing industry. The upcoming jobs report will determine the size of the anticipated interest rate cut by the US Federal Reserve.

Nvidia's Stock Decline Amidst AI Opportunities

Nvidia's recent 15% stock drop presents an attractive buying opportunity, according to BofA. Despite challenges like chip delays and regulatory scrutiny, Nvidia is viewed as undervalued with significant upside potential. The company's strong position in AI, particularly with the upcoming Blackwell chip, signals promising growth. The DOJ's investigation and concerns over profit margins due to Blackwell's release impact investor sentiment. As Nvidia navigates these hurdles, investors eye alternative AI-related stocks like Palantir, Tesla, and GE Vernova. Meanwhile, Intel faces uncertainty as rivals dominate the chip market, prompting strategic shifts and financial aid to regain competitiveness. The tech industry closely watches Nvidia and Intel's contrasting paths amidst evolving AI landscapes.

Read 4 more recent news on this topic

The press radar on this topic:

The Street
8. September 2024 um 22:03

Midday stock movers: Intel, Dell, Ulta TheStreet Daily Newsletter

Finance
Economy
Technology
Intel exploring options to revive business; Dell beats earnings with record revenue in Infrastructure Solutions Group, including 80% surge in AI and traditional servers; Ulta Beauty disappoints with earnings miss and cuts guidance; Nvidia stock adds 0.6% after drop; Berkshire Hathaway acquires stake in Ulta Beauty; Dell working with Nvidia and Elon Musk's xAI to supply AI servers; Lululemon trades lower following earnings; Top and bottom 5 S&P 500 stocks making big midday moves; PCE inflation..
The Street
12. September 2024 um 18:52

Intel stock tumbles as Dow status questioned amid turnaround slump TheStreet Daily Newsletter

Finance
Technology
Economy
Intel hires Morgan Stanley and Goldman Sachs to advise on potential asset sales, including its Altera chip business, as part of cost-cutting efforts amid turnaround struggles and Dow removal concerns.
The Street
8. September 2024 um 11:03

Stock Market Today: Stocks mixed with major jobs data on deck TheStreet Daily Newsletter

Finance
Economy
Politics
OPEC may delay output hikes; WTI crude below $70 amid demand concerns.
The Street
8. September 2024 um 14:04

Midday stock movers: Tesla, NIO, JetBlue TheStreet Daily Newsletter

Finance
Technology
Stocks: S&P 500 down 0.5%, Nasdaq flat; Tesla +5% on self-driving plans in Europe, China; Tesla's China sales up 37% in August; Morgan Stanley bullish on Tesla's long-term autonomous potential. NIO +10% on earnings, delivered record 57,373 EVs in Q2, over 40% China market share. JetBlue +8% on revenue forecast, benefited from passenger re-bookings, revenue initiatives.
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