World Market News of the 1 August with FXOpen #nvda #sp500 #nasdaq #dowjones #futures #usdjpy #fed
☑️ NVIDIA SHARES SOAR 13% AFTER MICROSOFT QUELLS FEARS THAT AI BUILDOUT IS TOO FAST
Nvidia shares closed up 13% on Wednesday after remarks from top customer Microsoft and rival AMD signaled there wouldn’t be a slowdown in the multibillion-dollar buildout of AI servers.
Microsoft spent $19 billion on capital expenditures during its fiscal fourth quarter, with about 60% on hardware.
AMD, Nvidia’s primary rival in the market for data center GPUs, reported better-than-expected sales and earnings on Tuesday and told investors that demand for its GPU remains strong.
Source: CNBC
☑️ S&P 500 FUTURES RISE AFTER META POSTS QUARTERLY BEAT
Stock futures rose in overnight trading Wednesday as investors weighed the latest corporate earnings reports, including strong results from Meta Platforms.
S&P 500 futures gained 0.5%, while Nasdaq-100 futures jumped nearly 0.9%. Futures tied to the Dow Jones Industrial Average added 65 points, or 0.1%.
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