⚡️ #NVDA Nvidia will release its earnings report in half an hour. For this reason, volatility of #AI-related tokens is possible.
According to the options market, the report could cause the market capitalization to fluctuate by more than $200 billion.reuters
Wall Street is betting on a strong quarterly report from Nvidia. And Bank of America predicts Nvidia will deliver 9% earnings growth for the S&P 500 over the next 12 months.
⚡️ #NVDA Nvidia will release its earnings report in half an hour. For this reason, volatility of #AI-related tokens is possible.
According to the options market, the report could cause the market capitalization to fluctuate by more than $200 billion.reuters
Wall Street is betting on a strong quarterly report from Nvidia. And Bank of America predicts Nvidia will deliver 9% earnings growth for the S&P 500 over the next 12 months.
Spiking bond yields driving sharp losses in tech stocks
A spike in interest rates since the start of the year has accelerated a rotation out of high-growth technology stocks and into value stocks poised to benefit from a reopening of the economy. The Nasdaq has fallen more than 10% over the past month as the Dow has soared to record highs, with a spike in the 10-year US Treasury yield acting as the main catalyst. It recently surged to a cycle high of more than 1.60% after starting the year below 1%. But according to Jim Paulsen, the Leuthold Group's chief investment strategist, rising interest rates do not represent a long-term threat to the stock market. Paulsen expects the 10-year yield to cross 2% by the end of the year.
A spike in interest rates and its impact on the stock market depends on the economic backdrop, according to Paulsen. Rising interest rates amid a strengthening economy "may prove no challenge at all for stocks," Paulsen said.
The messaging service and social-media platform owes creditors roughly $700 million by the end of April, according to people briefed on the company’s plans and loan documents viewed by The Wall Street Journal. At the same time, Telegram Group Inc. must cover rising equipment and bandwidth expenses because of its rapid growth, despite going years without attempting to generate revenue.
