Nvidia’s shares surged over 9% on Thursday, adding $218 billion in market value, the second-largest single-day gain in history on Wall Street, fueled by a bumper revenue forecast reinforcing investor confidence in the AI-driven chip demand boom.
Nvidia’s profit soars, underscoring its dominance in chips for artificial intelligence
Nvidia’s profit soared, driven by AI dominance and CEO Jensen Huang’s vision of ‘AI factories’ creating artificial intelligence. The company reported a sevenfold increase in net income and a 10-for-1 stock split, with shares rising 6% in after-hours trading.
US House passes crypto bill despite warnings from SEC
The House approval comes as the U.S. Securities and Exchange Commission (SEC) signals that it will likely approve applications for spot ether exchange-trade funds in a surprising boost to the industry.
BHP shares fall after Anglo American rejects third proposal
BHP, the world’s biggest listed mining group, now has until May 29 to make a binding offer for Anglo American or it will be forced to walk away for at least six months, under the UK’s takeover rules.
Indian equities traders seek cues from election shadow bets
Weeks before vote counting set for June 4, stock markets are closely tracking shadow-betting platforms that are flourishing nationwide, with wagers now suggesting the ruling Bharatiya Janata Party (BJP) will win a slimmer majority than expected.
Bulls beat a path to China stock shop but foreigners dare not go in
Share prices have rebounded from multi-year lows in February on signs of more official support. The benchmark Shanghai index has climbed more than 3% since reports of the property rescue surfaced on Thursday, taking its gains to a fifth in 3-1/2 months, though the rally stalled on Tuesday as investors awaited more details on how the funding would work. Hong Kong-listed Chinese shares are up nearly 38%
Positive Breakout:GTPL Hathwayand 8 otherstocks cross above their 200 DMA
As long as the stock is priced above the 200-day SMA on the daily time frame, it is generally considered to be an overall uptrend.
Big IPOs seen making a comeback as stock boom continues
A flurry of small deals has made India one of Asia’s busiest IPO markets this year. Bigger share sales brighten the nation’s chances of attracting global funds as investors rotate money amid a patchy recovery in China.
At multi-year highs: These 6 stocks witness 5-year swing high breakout
A 5-year swing high represents the highest price a stock has reached within a five-year timeframe.
Positive BreakoutCeatand 2 other stocks cross above their 200 DMA
As long as the stock is priced above the 200-day SMA on the daily time frame, it is generally considered to be an overall uptrend.