World Market News of the 22 February with FXOpen #nvidiastock #fedrate #oilprices
AI and Semiconductor Stocks Surge after Nvidia’s Earnings Beat
Artificial intelligence and semiconductor chip stocks rallied after U.S. chip design firm Nvidia beat Wall Street’s expectations for fourth-quarter earnings and revenue on Wednesday and projected “continued growth” in 2025 and beyond.
Nvidia supplier TSMC jumped as much as % in Thursday morning trade, after Nvidia beat Wall Street’s forecast for earnings and revenue on Wednesday.
Shares of server component supplier Super Micro Computer rose % in extended trading while Dutch chip equipment manufacturer ASML, which supplies TSMC lithography machines critical to chip making, jumped 2.7% in the U.S. during after hours trading.
Source: CNBC
Fed Officials Worried about ’The Risks of Moving Too Quickly’ on Rate Cuts
Most Federal Reserve officials cautioned against cutting rates too quickly at their last policy meeting as they continue to look for convincing evidence that inflation is returning to their 2%
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