US stocks (^DJI, ^IXIC, ^GSPC) close Tuesday's session lower with the Nasdaq Composite falling by over 1% and the Dow Jones Industrial Average falling 324 points. Market Domination Overtime's Julie Hyman recaps the day's market moves and how the Biden administration's proposed export controls on AI chip sales could be weighing on tech-heavy indexes, while Yahoo Finance markets and data editor Jared Blikre monitors the sector action as more Big Banks report third quarter earnings this week. To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime here. This post was written by Luke Carberry Mogan.
Nvidia (NVDA) shares closed at a fresh record high on Monday. Can the chipmaker's stock continue to rally? Yahoo Finance's Jared Blikre joins Seana Smith and Brad Smith on Morning Brief to break down the technicals and what they suggest about the stock's next move. To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. This post was written by Naomi Buchanan.
Nvidia (NVDA) stock has been running and seems unstoppable as it in on the threshold to a new all-time high. The AI chipmaker announced that its Blackwell graphics processing unit (GPU) is currently sold out for the next 12 months, while Advanced Micro Devices' (AMD) newly unveiled Instinct MI325X AI chip was met with underwhelming enthusiasm by investors. Bernstein managing director and senior analyst Stacy Rasgon sits down with Julie Hyman and Josh Lipton for a conversation around the deepening race between AI chip makers and hyperscalers. "The gap in terms of timing between what Nvidia is delivering, what AMD is delivering is still very, very wide. I think it's still Nvidia's game to lose," Rasgon says. "People are foreseeing demand continuing, and they're actually making investments to enable that. And with with all these stocks, like there's a big worry that just the numbers have gotten so big so quickly. They're just worried about sustainability. "But, clearly everything we're seeing from the supply chain and the customers, it doesn't suggest that there's any sort of faltering of demand anytime soon." To watch more expert insights and analysis on the latest market action, check out more Market Domination here. This post was written by Luke Carberry Mogan.