World Market News of the 15 October with FXOpen #stocks #nvidia #nvda #sp500 #yuan #gold #xauusd
☑️ NVIDIA AND OTHER CHIP STOCKS SURGE WITH NO SIGN OF AI SPENDING SLOWDOWN — FOR NOW
Nvidia’s (NVDA) record close on Monday comes as AI hardware stocks continue a recent tear fueled by investor enthusiasm over surging artificial intelligence demand.
Nvidia shares are up 8% from last week, pushing the chipmaker closer to unseating Apple (AAPL) as Wall Street’s most valuable company.
The stock’s rally follows recent comments from CEO Jensen Huang and the chipmaker’s partners touting an intense need for the company’s AI chips.
Source: Yahoo Finance
☑️ MORNING BID: TOKYO REOPENS TO S&P 500 RECORD, YUAN DOWN
Chinese shares showed little reaction to Beijing’s weekend stimulus, but Wall Street’s rally provided momentum for Tokyo ahead of its reopening.
Despite U.S. markets being partially closed for Columbus Day, the S&P 500 and Dow hit record highs, driven by chip stocks and strong Q3 earnings from JP Morgan and Wells Fargo.
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