The Biden-McCarthy debt ceiling deal passed the Senate late last night and will move onto the President's desk, preventing what might have been a U.S. debt default. After a brief slowdown in the unstoppable, artificial intelligence-fueled advance of big tech, the sector is back in full force. Nvidia Corp. (NVDA) climbed roughly 5% on the […]
U.S Stocks ended mixed on Thursday, with tech stocks leading the way.Nvidia Corp.(NVDA) soared 24%, now sitting squarely as the 5th largest public company in America right behind the trillionaire club.These gains are yet another sign that investors are willing to invest in promising tech stocks, despite the growing worries of a US debt default and impending recession, high interest rates, inflation and a slowing Chinese economy.
U.S.stocks fell for the second day in a row as negotiations over raising the debt ceiling continue to weigh on sentiment.The Dow Jones fell over 200 points along with the S&P 500 and Nasdaq following suit.We could see a nice rally off the back of strong earnings from Nvidia if any positive news comes out of debt-ceiling talks between Biden and McCarthy.
Despite a tough year for semiconductors, the VanEck Semiconductors ETF (NASDAQ: SMH) has rallied 30% over the last month.But that rally could be over given recent announcements and earnings in the industry from Nvidia (Nasdaq: NVDA), Micron (Nasdaq) and Kulicke & Soffa Industries (Nasdaq: KLIC).
Cathie Wood’s ARK Invest was a poster child for success in 2020.Between the March 2020 “COVID Crash” lows and February 2021, its top exchange-traded fund, ARK Innovation ETF (NYSEARCA: ARKK) gained more than 313%.This made ARKK one of the top-performing ETFs, and thrust ARK honcho Cathie Wood into the spotlight as a top stock picker.
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