There is some decent drama unfolding among the Big Tech bros this week — and Google and Nvidia are right in the middle of it. The former victim in the AI race, Google, which only months ago looked like it could be eaten alive by OpenAI's next-gen AI chatbot, is suddenly storming back and, in a twist, pushing Nvidia dangerously close to the cliff as it takes the lead in a way few saw coming.
Friday's rebound was thanks to NY Federal Reserve (Fed) President John Williams — who, in the middle of a less-dovish Fed crowd, said the Fed could lower rates in the near term – The Comment that flipped the market's expectation of a December Fed cut from less than 30% a few days earlier to above 70%.
The week opens on a cautious note after last week's Nvidia earnings didn't really go according to plan. Swelling inventories and deferred payments raised concerns about the strength of Nvidia's revenue and added to worries that AI spenders may simply be spending too much — in some cases by expanding debt that doesn't even appear on their own books.
Yesterday was something. We were happily sitting and watching Nvidia save the market after announcing another round of impressive results the night before. And all of a sudden – shortly after the US open – the mood started souring, and things went downhill from there. The Nasdaq, which jump-started 2% higher at the open, finished the day nearly 2.5% lower. That was really something.
The day has come, ladies and gentlemen. The biggest — and for some, the most important — company in the world, Nvidia Corporation, is about to reveal its earnings.
Just a day after a weak but better-than-expected ADP report weakened the Federal Reserve (Fed) doves' hand, a disquieting report from Challenger came to the rescue of bond holders — showing that US companies announced the biggest job cuts in October since 2003, thanks to the AI revolution.
The new week, and the new month, kicked off on a sweet note — again on the back of a renewed AI boost. South Korean chipmakers rallied in the early hours of the new week following Nvidia's announcement last Friday that it will sell 260,000 chips to several South Korean companies and to the South Korean government. Nvidia also gained 2% yesterday.
US markets fell yesterday as investors questioned the wave of higher AI spending pledged by Big Tech, even though every major name that reported this week beat lofty expectations on earnings, revenue and cloud growth.
At yesterday's GTC conference, Nvidia CEO Jensen Huang unveiled a fresh round of partnerships with Nokia, Palantir, Uber, and the US Department of Energy.
Another week of trading starts on a positive footing, buoyed by a range of news items pleasing investors. The first came from the long-awaited US inflation data released on Friday after weeks of official data drought during the government shutdown. Headline inflation advanced to 3% in September – the highest since early 2021 and still well above the Fed's 2% target.
Trade worries resurfaced yesterday — yes, resurfaced instead of easing — after reports that the Trump administration is considering new restrictions on software exports to China. Are we surprised? Not really.
ESG bond supply from banks is expected to hold steady in 2026 at around €80bn. However, the uptake of the EU Green Bond Standard is expected to remain limited ahead of the review of the EU Taxonomy’s technical screening criteria
President Donald Trump has suggested that U.S. publicly traded companies report their financial results every six months instead of quarterly. He argues that such a change would allow CEOs to focus on long-term goals while lowering costs and attracting foreign businesses.
Elon Musk has once again made headlines on Wall Street. By purchasing $1 billion worth of Tesla shares with his own money, the billionaire not only boosted market confidence in the company but also reclaimed the crown as the world’s wealthiest individual.