Monthly Archives: May 2023
Nvidia Shares Soared 26% Due To High Demand For AI Chips
Written on May 29, 2023 at 3:00 am, by 王建军
Shares for NVDA surged after a better-than-expected earnings report forecast for 2024’s first quarter Nvidia reported better-than-expected earnings for its fiscal 2024 first quarter, which led to a 26% surge in shares during extended trading. The company’s adjusted EPS was $1.09, surpassing the estimated 92 cents, and revenue amounted to $7.19 billion, exceeding the expectedContinue Reading
Dollar Surges On Robust Economic Data, Fueling Investor Confidence
Written on May 26, 2023 at 6:06 am, by 王建军
The US Dollar was buoyed by robust US economic data and positive market sentiment. US GDP exceeded expectations, posting a strong growth rate of 1.30% compared to the projected 1.10%. Encouraging job market data also contributed to the dollar’s strength, with Initial Jobless Claims coming in lower than anticipated at 229K. The increased likelihood ofContinue Reading
Credit Rating Agencies Threatens to Cut U.S. Rating
Written on May 25, 2023 at 5:56 am, by 王建军
Fitch has threatened to lower the US’ AAA rating as the debt ceiling issue remains at an impasse Wall Street slid as well as the Asian stock markets as the worries over the debt ceiling escalated when the time was getting closer to the X-date. Meanwhile, the dollar strengthened to its highest level since MarchContinue Reading
