Investors at brokerage Charles Schwab increased their equities holdings in December, and it seems they can't enough of Nvidia stock. The tech titan was their top pick for the month, and other familiar tech names were popular as well.
The Dow Jones and S&P 500 were in negative territory after reversing lower Tuesday morning. Tesla drops on downgrade.
Nvidia (NVDA) shares are rising Tuesday morning after CEO Jensen Huang made a slew of product announcements in his CES keynote, including new gaming chips and advanced technologies for programming humanoid robots and self-driving cars.
Robert Kiyosaki forecasts a major stock market crash, predicting discounted Bitcoin prices amid strong ties between crypto and stocks.
Miners may refrain from selling their Bitcoin for several reasons, including anticipation of further price appreciation for BTC or strengthening their balance sheets. If they’re really following MicroStrategy’s playbook, a BTC treasury may also be used to hedge against currency devaluation.
This year, however, AI tokens have shown their fragility. NEAR is down by more than 8% in the past 24 hours while FET slumped nearly 9%. NVDA in contrast began the year trading at $133 and rose by 15% to $153 on Monday as the conference began.
XRP the popular altcoin that is used to facilitate and settle payments on the Ripple platform, rose 2.6% to $2.45. Cryptos have rallied across the board since November on hopes that the incoming Trump administration will further boost the digital coins.
The US stock market is showing off a new trick: putting almost all its eggs in a tiny basket. Right now, just 26 stocks account for half the entire value of
All the seven magnificent tech stocks have a market cap of at least $1 trillion, well over ten times the market capitalization of MicroStrategy, with Apple (APPL), NVIDIA (NVDA), and Microsoft (MSFT) having market caps of over $3 trillion.
Utilities, the lowest-performing S&P 500 sector in 2023, rebounded strongly in 2024, reflecting a major shift in electricity consumption as AI, electrification and decarbonization drive demand. The Energy Information Agency predicts that global electricity use could rise as much as 75% by 2050.
The Dow Jones and S&P 500 were in mostly negative territory after reversing lower Tuesday morning. Nvidia was a big loser.