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Markets Rise Despite Nvidia’s Drop

The markets rose Thursday despite Nvidia falling after its outlook failed to inspire after a massive rally. Anthony Saglimbene, chief market strategist at Ameriprise Financial says that’s likely because Nvidia doesn’t have as big an influence as originally thought. Investors will now be looking at less homogenous trading in big tech, and more focus on…

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The markets rose Thursday despite Nvidia falling after its outlook failed to inspire after a massive rally. Anthony Saglimbene, chief market strategist at Ameriprise Financial says that’s likely because Nvidia doesn’t have as big an influence as originally thought. Investors will now be looking at less homogenous trading in big tech, and more focus on where the payoff is for AI. He speaks on “Bloomberg Technology.”
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2 Comments

2 Comments

  1. @joodahmad

    August 29, 2024 at 6:08 pm

    If the Fed wanted to lower inflation then they have to address the root cause. And the root cause is the outrageous price of gasoline and diesel which causes everything to increase in price. The oil companies and refineries are gouging, period. The government needs to make an example of one oil company, national it, the other oil companies will crap  their pants and lower the fuel cost instantly. If the oil companies don’t lower their prices then the government just orders their newly nationalized oil company to compete against the other oil companies. I don’t think this will happen because the government is in big oils back pocket. And the government wants inflation high to deal with the 31 trillion in debt. if you are losing in the current dip or you look forward to start the best way to go is trading with the guidance of an expert. Sharon Teater has been one step ahead of other analysis, with his strategy I was able to accumulate 15.03 Btc lately.

    • @user-qh7yr8lz2u

      August 29, 2024 at 6:10 pm

      Access to good information is what we investors needs to progress financially and generally in life. this is a good one and I appreciate

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Bloomberg Technology

Tech Leaders Approach Trump, Intel Seeks Altera Buyers | Bloomberg Technology

Bloomberg’s Caroline Hyde breaks down how President-elect Donald Trump and Elon Musk wield their political power as the government works to avoid shutting down. Plus, the Big Tech leader merry-go-round at Mar-a-Lago continues with Jeff Bezos the latest to try and influence Trump’s policies and decisions. And, private equity firms are competing for Intel’s programmable…

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Bloomberg’s Caroline Hyde breaks down how President-elect Donald Trump and Elon Musk wield their political power as the government works to avoid shutting down. Plus, the Big Tech leader merry-go-round at Mar-a-Lago continues with Jeff Bezos the latest to try and influence Trump’s policies and decisions. And, private equity firms are competing for Intel’s programmable chip arm Altera.
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“Bloomberg Technology” is our daily news program focused exclusively on technology, innovation and the future of business hosted by Ed Ludlow from San Francisco and Caroline Hyde in New York.

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Bitwise Asset Management CIO Matt Hougan tells Caroline Hyde why he believes the latest weakness in crypto and Bitcoin over the last few days is a “healthy pullback” which does not take away from the asset class’s overall great run this year. He speaks on “Bloomberg Technology.”
——–
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