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Builders FirstSource and other home building stocks jump as Federal Reserve Chairman Jerome Powell signals interest-rate cuts could be coming.
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Investor's Business Daily on MSNStock Market Today: Dow Leaps 800 Points As Powell Bolsters Rate-Cut Hopes; Nvidia Earnings Loom
The Dow Jones index soars to an all-time Friday on increased hopes of a rate cut at the September Federal Reserve meeting.
CoreWeave projects full-year revenue growth of 174% this year, as it is proving to be one of the fastest-growing AI stocks to buy right now. For investors, it could possess a lot of upsides, as it benefits from strong demand for Nvidia's chips and the ongoing need for greater computing capabilities as a result of AI.
Nvidia remains the dominant AI chipmaker in the market, but where is the stock headed for the rest of this year and into the next?
A wobble in U.S. technology shares has raised the stakes for Nvidia Corp's quarterly results on Wednesday, with earnings from the semiconductor giant posing a crucial test for the scorching AI trade.
Two hedge fund managers with a track record for market beating returns sold Nvidia and bought Palantir in the second quarter.
Nvidia stock was rising along with most of the market. CEO Jensen Huang said Friday that the company’s H20 chip in China ”has no security back doors.”