Tech leads rally on more deals ahead of Fed decision, earnings [Video]
|Who needs data when Jensen Huang is out dropping billion-dollar deals? From Nokia to Palantir, Uber and even the U.S. Department of Energy, Nvidia’s latest partnerships are lighting up markets and sending Nokia shares to their highest level in 15 years. With $500 billion in chip orders reportedly booked and new collaborations with Samsung and Hyundai on the way, Huang insists there’s no bubble here. The S&P 500 and Nasdaq hit fresh records, Microsoft gained 2% on OpenAI news — and Big Tech earnings are next.
Meanwhile, uranium’s rally mirrors AI’s hunger for power, and traders are bracing for the Federal Reserve’s next move. Will Powell sweeten the mood with a dovish cut?
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.