Nvidia Corp. shares rallied after the AI-chip bellwether smashed Wall Street's third-quarter projections and signalled another record period ahead, easing fears that the sector's breakneck growth is f... ...

Nvidia just delivered the earnings beat Wall Street needed to silence skeptics about the AI spending cycle. The company posted $57 billion in quarterly revenue, blowing past its own $54 billion guidan... ...

Core Viewpoint - The Federal Reserve's October meeting minutes indicate significant disagreement among officials regarding the appropriateness of another interest rate cut in December following a recent quarter-point reduction to a range of 3.75%-4% [1] Summary by Categories Interest Rate Decisions - The Federal Reserve lowered interest rates by a quarter-point in late October, bringing the target range to 3.75%-4% [1] - There is a notable division among Federal Reserve officials about the potential for further rate cuts in December [1]

Group 1 - The US stock market remained steady on Wednesday as traders prepared for Nvidia's earnings report after the market close [1] - The S&P 500 index is flatlining near 6,637, showing a slight increase of 0.3% [1] - The Dow Jones Industrial Average is also experiencing a slight uptick [1]

Core Insights - Elon Musk's artificial intelligence startup xAI is planning to construct a 500-megawatt data center in Saudi Arabia [1] - The project will be in collaboration with Humain, which is the state-backed AI venture of the kingdom [1] Company Developments - xAI aims to enhance its infrastructure capabilities through this significant investment in Saudi Arabia [1] - The partnership with Humain indicates a strategic move to leverage local resources and support for AI initiatives [1] Industry Implications - The establishment of a large-scale data center aligns with the growing demand for AI and data processing capabilities globally [1] - This initiative may position Saudi Arabia as a key player in the AI landscape, attracting further investments and technological advancements [1]

Schwab Center's chief investment strategist, Liz Ann Sonders, pushed back against the notion that retail investors "must†hold Nvidia (NASDAQ: NVDA) in massive quantities in a CNBC interview today. Ac... ...

Core Insights - Semrush (SEMR) experienced a significant increase of over 70% following Adobe Inc's announcement to acquire the search engine marketing platform for $1.9 billion in cash [1] Company Summary - Semrush's stock price surged due to the acquisition news, indicating strong market confidence in the company's value and growth potential post-acquisition [1] - Adobe Inc's strategic move to acquire Semrush highlights the importance of search engine marketing tools in enhancing digital marketing capabilities [1]

The Abu Dhabi Investment Council significantly expanded its exposure to Bitcoin during the third quarter, increasing its position in BlackRock's iShares Bitcoin Trust ETF shortly before a sharp correc... ...

Core Viewpoint - Plug Power Inc. (NASDAQ: PLUG) experienced a nearly 20% decline in share price following the announcement of a $375 million convertible notes offering, indicating investor concerns regarding the company's financial strategy and market confidence [1] Company Summary - The company is a specialist in hydrogen fuel cell technology and has recently initiated a convertible notes offering valued at $375 million, which has led to significant sell-off by investors [1] - The market reaction suggests a lack of confidence in the company's current financial health and future prospects, as evidenced by the sharp drop in share price [1]

Core Insights - Alphabet stock (NASDAQ: GOOG) reached a new 52-week high of $303.81, driven by investor confidence in the company's AI strategy and robust cloud performance [1] Company Performance - The stock's recent increase reflects strong market sentiment towards Alphabet's advancements in artificial intelligence and its cloud services [1]