Latest news with #NvidiaCorp
Miami Herald
13 hours ago
- Business
- Miami Herald
S&P 500 hits record high after $10 trillion rally
Wall Street traders dodged a flurry of tariff headlines to drive stocks to all-time highs, capping a week that saw a cooling in Middle East risks and signs the U.S. economy is holding up amid subdued inflation. A rally in Treasuries stalled. The dollar advanced. A surge in equities after April's tariff-fueled meltdown drove the S&P 500 to its first record since February, with the gauge closing above 6,170. Tech megacaps led gains, with Nvidia Corp. approaching the $4 trillion mark and Alphabet Inc. up almost 3%. President Donald Trump touted progress on trade deals with a few countries, naming agreements with China and the UK, while saying he was ending discussions with Canada. The loonie slid. Trump in April put tariffs on dozens of American trading partners on pause for three months a week after declaring them, when investors panicked over the possibility they could trigger a global recession. An over $10 trillion surge in the S&P 500 from the edge of a bear market has defied Wall Street expectations, underscoring conviction that the economy is withstanding policy uncertainty. 'U.S. equities have continued to recover from the tariff induced selloff in March and April,' said David Lefkowitz at UBS's Chief Investment Office. 'We think the recovery makes sense, considering that most large-cap companies should weather the tariffs reasonably well.' Treasury Secretary Scott Bessent signaled there may be some extensions to wrap up major pacts by Labor Day. European Commission President Ursula von der Leyen told EU leaders behind closed doors she was confident a deal could be reached before the deadline, according to people familiar with the matter. And China confirmed details of a trade framework with Washington. On the economic front, consumer sentiment rose sharply in June to a four-month high and inflation expectations improved notably. Data also showed that while the core personal consumption expenditures price index rose slightly more than expected, the pace was seen as consistent with tame price pressures that will allow the Federal Reserve to resume its rate cuts later this year. 'A window of opportunity is more likely to open at one of the final three policy meetings of the year - in September, October or December - when the impact of tariff increases on inflation becomes clearer,' said Gary Schlossberg at Wells Fargo Investment Institute. Fed Chair Jerome Powell told lawmakers this week that he expects inflation to pick up in June, July and August as tariffs become increasingly reflected in consumer prices, though he added if that prediction fails to materialize, the U.S. central bank could resume rate reductions sooner rather than later. Money markets continued to project at least two Fed cuts by the end of this year. Wagers on a third reduction could gain momentum if next Thursday's jobs report is weak. To Bret Kenwell at eToro, the latest PCE reading showed that inflation is still not spiraling out of control. However, it did snap a three-month streak of lower year-over-year readings, while last month's figures were revised higher. 'Today's inflation report shouldn't be enough to give markets a significant scare, but it probably dashes the slim hopes investors had for a July rate cut,' Kenwell said. 'Further, it may give investors a bit of hesitation with stocks surging into record high territory as we near quarter-end.' Kenwell says that stocks can do pretty well in a mild-inflationary environment. 'The key will be a reassuring earnings cycle and a strong consumer as we go into the second half of the year,' he noted. Indeed, with earnings season just weeks away, stocks will get a major test. Wall Street sees profit growth of 2.8% year-over-year for the second quarter for the benchmark, according to data compiled by Bloomberg Intelligence. That would be the smallest jump in two years. The lackluster forecasts magnify concerns from some market watchers that valuations are stretched. The risk of a speculative stock bubble is increasing as expectations of rate cuts draw massive investment flows, according to Bank of America Corp.'s Michael Hartnett. Already this year, $164 billion has flowed into U.S. equities, on course for the third-largest annual inflow in history, he said, citing data from EPFR Global. Corporate Highlights -Nike Inc. said its yearlong sales decline is starting to ease, suggesting that Chief Executive Officer Elliott Hill's strategic moves are paying off. -Apple Inc. and Google's Android have been warned by a top German privacy regulator that the Chinese AI service DeepSeek, available on their app stores, constitutes illegal content because it exposes users' data to Chinese authorities. -Two years after Nvidia Corp. made history by becoming the first chipmaker to achieve a $1 trillion market capitalization, an even more remarkable milestone is within its grasp: becoming the first company to reach $4 trillion. -JPMorgan Chase & Co. shares have soared from an April low on a grab bag of positive developments, but to Baird analysts that's too far, too fast. They downgraded the lender to underperform from a neutral rating, giving the stock its second sell rating. -Shares of Boeing Co. are set to make gains as the company speeds up production of commercial aircraft and takes steps to move on from a series of crises in recent years, according to Rothschild & Co. Redburn, which raised the recommendation on the shares to buy. -Estee Lauder Cos. was raised to buy at HSBC, which sees the cosmetics company at the end of a downgrade cycle. -B. Riley Financial Inc. has sold its financial advisory services business GlassRatner to Canadian private equity firm TorQuest Partners, adding to a series of asset sales as the financial services firm deals with its woes. -Alibaba Group Holding Ltd. unveiled a new iteration of its artificial-intelligence technology that will make it easier for users to generate and modify images from texts and visuals, as the Chinese e-commerce giant continues its aggressive push into AI. Some of the main moves in markets: Stocks -The S&P 500 rose 0.5% as of 4 p.m. New York time -The Nasdaq 100 rose 0.4% -The Dow Jones Industrial Average rose 1% -The MSCI World Index rose 0.6% -Bloomberg Magnificent 7 Total Return Index rose 1.1% -The Russell 2000 Index was little changed Currencies -The Bloomberg Dollar Spot Index rose 0.1% -The euro was little changed at $1.1709 -The British pound fell 0.1% to $1.3709 -The Japanese yen fell 0.2% to 144.72 per dollar Cryptocurrencies -Bitcoin fell 0.8% to $106,926.43 -Ether fell 1.2% to $2,416.73 Bonds -The yield on 10-year Treasuries advanced three basis points to 4.27% -Germany's 10-year yield advanced two basis points to 2.59% -Britain's 10-year yield advanced three basis points to 4.50% Commodities -West Texas Intermediate crude fell 0.1% to $65.15 a barrel -Spot gold fell 1.7% to $3,270.92 an ounce Copyright (C) 2025, Tribune Content Agency, LLC. Portions copyrighted by the respective providers.
Yahoo
19 hours ago
- Business
- Yahoo
If I Could Buy Only 1 AI Stock Over the Next Year, Nvidia Would Be It. Here's the Key Reason.
Nvidia CEO Jensen Huang has been traveling the globe supporting plans for data center projects. Nvidia's AI architecture will fill both private and sovereign data centers throughout the Middle East and Europe. Its hardware, software, and networking products will continue to spur revenue growth. 10 stocks we like better than Nvidia › Nvidia (NASDAQ: NVDA) CEO Jensen Huang has been defining how the future of artificial intelligence (AI) will evolve. New terms like "sovereign AI" and "AI factories" are being splashed all over business news sites. But what do they really mean? For investors, one thing they should mean is that Nvidia remains the one stock to buy to take advantage of global AI growth. The company has been the leader in selling the hardware needed to support massive compute power being tapped to develop and train large language models (LLMs). But there is much more to the AI ecosystem that Nvidia is already tapping into that will become its next catalyst for growth. AI factories are what Jensen Huang calls specialized data center facilities designed to develop, train, and deploy AI models at scale. He has been traveling the globe to promote Nvidia's leading role in scaling up these Blackwell-powered factories. Nvidia will also be following its Blackwell GPU architecture with the next-generation Rubin platform in 2026. These Nvidia component-based systems will support sovereign nation digital advancements around the world. These include the United Arab Emirates' (UAE) massive Stargate data center campus, Germany's sovereign AI factory run by telecom giant Deutsche Telekom, and European data center projects being developed by other nations. At a recent Paris tech summit, Huang summarized how the continent is scaling AI solutions, stating, "We now have a new industry, an AI industry, and it's now part of the new infrastructure, called intelligence infrastructure, that will be used by every country, every society." Nvidia will be a major benefactor of this expanding infrastructure. Its powerful GPU clusters, software infrastructure, and networking solutions will all be prominent in many of these large data centers. That's the reason I think Nvidia's growth will continue, and its stock should respond in turn. It's the one stock I would continue to add to my portfolio over the next year if I were only allowed to choose a single name. Before you buy stock in Nvidia, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Nvidia wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $689,813!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $906,556!* Now, it's worth noting Stock Advisor's total average return is 809% — a market-crushing outperformance compared to 175% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 23, 2025 Howard Smith has positions in Nvidia. The Motley Fool has positions in and recommends Nvidia. The Motley Fool has a disclosure policy. If I Could Buy Only 1 AI Stock Over the Next Year, Nvidia Would Be It. Here's the Key Reason. was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Bloomberg
a day ago
- Business
- Bloomberg
Nvidia Breakout Puts $4 Trillion Market Value Within Reach
Two years after Nvidia Corp. made history by becoming the first chipmaker to achieve a $1 trillion market capitalization, an even more remarkable milestone is within its grasp: becoming the first company to reach $4 trillion. After the emergence of China's DeepSeek sent the stock plunging earlier this year and stoked concerns that outlays on artificial intelligence infrastructure were set to slow, Nvidia shares have rallied back to a record.
Yahoo
2 days ago
- Business
- Yahoo
2 Humanoid Robot ETFs Now Trading as AI Boom Expands
A second exchange-traded fund focused on humanoid robotics hit the market Thursday, highlighting growing investor interest in one of the most ambitious applications of artificial intelligence. The Roundhill Humanoid Robotics ETF (HUMN) began trading today, coming just three weeks after the launch of the KraneShares Global Humanoid and Embodied Intelligence Index ETF (KOID). While Roundhill claims HUMN is the first 'U.S.-listed ETF dedicated to humanoid robotics,' that distinction is debatable. KOID, which launched in early June, also targets companies developing human-like robots and related technologies. KOID defines its focus as 'artificial intelligence (AI) systems integrated into physical machines that can sense, learn, and interact with the real world.' Within that framework, humanoid robotics is a key subset, referring specifically to robots with human-like forms and capabilities, designed to operate in environments built for people, such as factories, hospitals and homes. KOID tracks the MerQube Global Humanoid and Embodied Intelligence Index and currently has around $3.2 million in assets under management. The ETF holds 51 equally weighted stocks, ranging from large-cap names like Nvidia Corp. (NVDA) and Tesla Inc. (TSLA), to smaller players such as MP Materials Corp. (MP) and Melexis NV. The fund's holdings span the full humanoid ecosystem, including: The 'brain' (AI software, semiconductors and compute infrastructure) The 'body' (actuators, sensors, perception systems and key materials) Systems integrators and manufacturers of humanoid robots KOID is globally diversified, with exposure to companies in the U.S., China and Japan. In contrast, HUMN is actively managed and currently holds 30 stocks. According to its prospectus, the fund targets companies that either manufacture humanoid robots directly or supply critical enabling technologies, such as precision actuators, tactile sensors, locomotion AI stacks and power systems. Top holdings in HUMN include: Tesla (12.6%), which is developing the Optimus humanoid robot Nvidia (8%), a major provider of AI tools and hardware for robotics Other key companies in China, South Korea, Japan and Sweden Roundhill has made a name for itself by launching ETFs tied to emerging tech trends. Its Roundhill Ball Metaverse ETF (METV)—one of the first funds to target the virtual reality and metaverse space—currently boasts over $300 million in assets. KraneShares, meanwhile, is best known for its China-focused offerings. Its KraneShares CSI China Internet ETF (KWEB), with $6.5 billion in AUM, has become a go-to vehicle for investors looking to gain exposure to Chinese tech giants. Humanoid robots have long been seen as a kind of sci-fi fantasy. But recent breakthroughs in artificial intelligence have brought the concept closer to reality. Proponents argue that humanoids could eventually take on complex tasks in many parts of the economy, including manufacturing, logistics and healthcare. For investors betting on the fusion of AI and robotics, these new ETFs offer two different ways to play the trend—one passive and index-based, the other actively | © Copyright 2025 All rights reserved
Yahoo
2 days ago
- Automotive
- Yahoo
Nvidia is again the world's most valuable company
Nvidia's stock hit a record high on Wednesday. CEO Jensen Huang's comments on AI and robotics growth boosted investor confidence. US export restrictions to China will impact Nvidia's revenue, the company said. Nvidia reclinched its title as the world's most valuable company for a second time this month. The AI chipmaker's shares rose more than 4% on Wednesday, closing at a record high for the first time since January, following CEO Jensen Huang's remarks at Nvidia's annual investor meeting. Nvidia's stock closed at $154.31 on Wednesday, exceeding its prior closing high of $149.43 on January 6. Nvidia is now worth $3.77 trillion, just ahead of Microsoft, which is worth $3.66 trillion, and Apple, at $3.01 trillion. Huang's comments on growth areas for the company boosted investor confidence. "We have many growth opportunities across our company, with AI and robotics the two largest, representing a multitrillion-dollar growth opportunity," Huang said. He added that autonomous vehicles, which will be the first commercial application of robotics, are a big focus for the company. "Nvidia Drive platform is powering the transition to software-defined vehicles and providing the immense computational horsepower required for self-driving capabilities," he said at the meeting. Huang's comments on AI growth quelled investor concerns about the company not being able to sell to China because of the US's export restrictions. Nvidia said last month that it expects to lose about $8 billion in second-quarter revenue due to the loss of sales of H20 chips. In April, President Donald Trump's administration issued new rules that stopped Nvidia from selling its H20 AI processor to China. On last month's earnings call, Huang doubled down on his previous comments that export restrictions to China have been a "failure." "The export control gave them the spirit, the energy, and the government support to accelerate their development. So I think, all in all, the export control is a failure," Huang said last month about Chinese tech companies. Nvidia reported $17.1 billion in revenue from China for its last fiscal year, or 13.1% of its total revenue. Revenue from China increased 66% from the year before. The chipmaker's stock is up almost 15% so far this year. Read the original article on Business Insider Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
