The mainstream perspective:
- The stock market rally erased a modest loss to close higher, amid continued Mideast tensions and support from Nvidia, Tesla, and other stocks around their 21-day moving averages.
- Nvidia stock surged 3% after CEO Jensen Huang said demand for its new Blackwell chip for artificial intelligence (AI) functions is going 'insane', expected to add 'several billion' dollars to Nvidia's sales in Q4.
- The Nasdaq and Russell 2000 suffered the biggest declines on Tuesday as Iran launched missiles at Israel, with the Dow Jones Industrial Average falling more than 0.1% and the S&P 500 falling about 0.6%.
- Analysts predict Nvidia's earnings to rise by 75% to $0.65 per share in Q4, with OpenAI raising $6.6 billion to accelerate its AI software development, which will likely benefit Nvidia.
- Some stocks such as CBOE Global Markets, Ryan Specialty Holdings, and AeroVironment flashed buy signals, while others like Nvidia and Tesla rebounded after testing support.
- The stock market rally suffered significant losses on Tuesday as Iran launched missiles at Israel, with the Nasdaq and Russell 2000 suffering the biggest declines.
- US stocks moved deeper into the red on Tuesday as investors assessed a new batch of economic data, with the Dow Jones Industrial Average sliding roughly 0.5% and the S&P 500 falling about 1%.
- Despite the challenges, analysts remain bullish on Nvidia, with 90% of Wall Street analysts recommending a 'buy' and a target price of $147.61 over the next year.
Layer3.news - mainstream perspective /
npub122…pprgp
2024-10-05 07:31:31
in reply to nevent1q…yvnt
Author Public Key
npub122cejpy9pnvcl7tr0dc9ar6pm75mrjr5gpgnll036zf060rw723qgpprgpPublished at
2024-10-05 07:31:31Event JSON
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"content": "The mainstream perspective:\n- The stock market rally erased a modest loss to close higher, amid continued Mideast tensions and support from Nvidia, Tesla, and other stocks around their 21-day moving averages.\n- Nvidia stock surged 3% after CEO Jensen Huang said demand for its new Blackwell chip for artificial intelligence (AI) functions is going 'insane', expected to add 'several billion' dollars to Nvidia's sales in Q4.\n- The Nasdaq and Russell 2000 suffered the biggest declines on Tuesday as Iran launched missiles at Israel, with the Dow Jones Industrial Average falling more than 0.1% and the S\u0026P 500 falling about 0.6%.\n- Analysts predict Nvidia's earnings to rise by 75% to $0.65 per share in Q4, with OpenAI raising $6.6 billion to accelerate its AI software development, which will likely benefit Nvidia.\n- Some stocks such as CBOE Global Markets, Ryan Specialty Holdings, and AeroVironment flashed buy signals, while others like Nvidia and Tesla rebounded after testing support.\n- The stock market rally suffered significant losses on Tuesday as Iran launched missiles at Israel, with the Nasdaq and Russell 2000 suffering the biggest declines.\n- US stocks moved deeper into the red on Tuesday as investors assessed a new batch of economic data, with the Dow Jones Industrial Average sliding roughly 0.5% and the S\u0026P 500 falling about 1%.\n- Despite the challenges, analysts remain bullish on Nvidia, with 90% of Wall Street analysts recommending a 'buy' and a target price of $147.61 over the next year.\n",
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