Wall Street is in the green with big tech rebound. Nvidia is valued at more than 4% – Al Borsa

Wall Street is in the green with big tech rebound. Nvidia is valued at more than 4% – Al Borsa

Wall Street ended Tuesday's session in the green. The main indicators were strengthened Strong gains from “megacaps”, with a particular focus on Nvidia. In a The week of important economic data releaseInvestors are now pointing to a 25 basis point rate cut at the North American Federal Reserve's next meeting in November.

The Standard & Poor's 500 Index rose 0.97% to 5,751.13 points, while the Nasdaq Composite Index rose 1.45% to 18,182.92 points. The Dow Jones index advanced 0.30% to 42,080.37 points.

A Bloomberg index tracking the “Big Seven” — Nvidia, Tesla, Microsoft, Apple, Amazon, Alphabet and Meta — rose 1.5%.

Focusing attention on Nvidia, a Factor that has been identified as critical to a company's growth potentialaccording to MarketWatch, is your location New Blackwell chip. With “insane” demand for this chip – in the words of Nvidia CEO Jensen Huang – the company may exceed revenue expectations in the coming quarters.

Executives at Foxconn — formally known as Hon Hai Precision Industry — said Tuesday they were building The world's largest artificial intelligence (AI) server assembly facility to house Nvidia's GB200 chips, part of the Blackwell AI architecture.

Shares of the technology giant rose more than 4% on Tuesday, extending gains recorded on Monday.

Nvidia stock price – set today $132.89 – It is approaching its record closing date $135.57was founded on June 18.

Regarding the health of the US economy, investors seem less concerned about its trend toward recession. Last week's positive employment data showed just that. Investors are now awaiting other data to be released this week, including: Minutes from the Federal Reserve's latest policy meeting, released on Wednesday, are followed by US CPI data, released on Thursday, and Producer Price Index data, released on Friday.

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Federal Reserve Governor Adriana Kugler said the central bank should remain focused on the goal of returning inflation to 2%, but with a “balanced approach” that avoids an “undesirable” slowdown in job growth and economic expansion. According to CME FedWatch, investors are now betting on a roughly 89% chance of a 25 basis point rate cut in November.

As for market movements, Boeing waived 0.81%. The company faces the risk of losing its investment grade rating S&P Global ratings – which can put a company in a “rating” that is considered “junk”according to Bloomberg. This is because the company is still suffering from the consequences of the prolonged strike.

Among the “big tech companies,” Nvidia rose 4.05%, Apple rose 1.84%, Meta rose 1.39%, Microsoft rose 1.26%, Amazon rose 1.06%, and Alphabet rose 0.80%.

By Andrea Hargraves

"Wannabe internet buff. Future teen idol. Hardcore zombie guru. Gamer. Avid creator. Entrepreneur. Bacon ninja."