Nvidia, Wall Street
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The ongoing Bitcoin crash has claimed a major casualty: BlackRock (NYSE: BLK). Yes, the world's largest asset manager recently suffered its worst-ever rout when its spot Bitcoin exchange-traded fund (ETF) saw the largest sell-off in a single day.
Nvidia reported quarterly results that handily topped Wall Street expectations, sending the stock sharply higher in after-hours trading.
U.S. stocks ended a choppy session higher on Wednesday, bouncing off recent losses as technology stocks rose ahead of Nvidia's quarterly results. Nvidia shares gained more than 5% after ending the regular session up 2.
Asian shares retreated in cautious trading Wednesday ahead of an earnings report from Nvidia that is seen as a bellwether for the recent craze for artificial intelligence technology. Japan's benchmark Nikkei 225 was nearly unchanged at 48,
With the Dow closing down nearly 500 points Tuesday and the S&P logging its longest slide since August, experts are pointing to concerns over an AI bubble. NBC’s Brian Cheung joins TODAY to break it all down.
Warnings about Wall Street's excessive optimism, concentration risk, and frothy valuations have fallen on deaf ears for most of this year, leaving market-watchers wondering what, if anything, will cool the tech and artificial intelligence frenzy.
Wall Street finished Tuesday's trading session to the downside on a day that watched the Nasdaq Composite plunge as much as 2%.
Solana (CRYPTO: SOL) hit a new phase over the past month. Five separate ETF filings landed in just 30 days, and the pace alone shows how sharply Wall Street’s focus shifted toward SOL. These filings arrived while the market was trying to make sense of Solana’s recent pullback,