NVDA Jul 2024 930.000 put
- Yahoo Finance
Corporate IT spending isn't reflecting the AI boom: Morning Brief
AI is powering the S&P 500, but it's mostly companies taking an "if you build it they will come" approach. So far, most companies aren't actually paying for AI services.
- Yahoo Finance Video
Novo Nordisk soars, Biden vs. Trump, French Markets: Market Domination
Shares of Nvidia (NVDA) are rebounding in Tuesday's session after a three-day sell-off, while shares of Novo Nordisk (NVO) are soaring to an all-time high after its popular GLP-1 weight-loss drug Wegovy was approved in China. Meanwhile, shares of SolarEdge Technologies (SEDG) are falling after one of its customers, PM&M Electric, filed for bankruptcy. The company has announced that it expects negative free cash flow of $150 million. SolarEdge is also planning a $300 million convertible note offering, diluting value for existing shareholders. President Joe Biden and former President Donald Trump will face off in the first presidential debate on Thursday, June 27. Both are expected to present their plans for office. Yahoo Finance Senior Columnist Rick Newman joined the show to explain how US presidents exercise less control over the economy than most people realize. China Beige Book International Managing Director Shehzad Qazi joined the show to discuss the two leaders' policy positions on China and what to expect from US-China relations in the next year. French President Emmanuel Macron called a snap election after dissolving the country's parliament. According to Interior Minister Gérald Darmanin, the vote could cause civil unrest in the country. Fed Watch Advisors Founder and chief investment officer Ben Emons joined the show to give insight into the European markets ahead of the French election. For more expert insight and the latest market action, click here
- Yahoo Finance Video
Nasdaq soars, Dow falls while Nvidia stock bounces back
The Dow Jones Industrial Average (^DJI) reverses course from its Monday gains, closing Tuesday's session lower by over 290 points. The Nasdaq Composite (^IXIC), on the other hand, has soared by 220 points, or 1.26%. Market Domination Overtime's Julie Hyman explains why Nvidia's (NVDA) drag-on effect in tech-heavy indexes is evident by the outperformance in the S&P Equal Weight Index (^SPXEW) and Nasdaq 100 (^NDX), while Jared Blikre recaps the gains seen in major tech stocks today, including Nvidia. For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime. This post was written by Luke Carberry Mogan.
