The Indian stock market continued its decline on November 8, with Nifty 50 and Sensex both ending the day in the red due to sharp selloffs in major stocks, weak Q2 earnings, and ongoing FII outflows, while IT stocks showed resilience amid broader market weakness.
Vestas Wind Systems’ stock was downgraded by BofA Securities, with a lowered price target, due to weak service margins, ongoing cost pressures, and political uncertainty surrounding U.S. renewable energy policies.
Goldman Sachs (GS) has seen its stock price soar by 80.28% over the past year, reaching an all-time high of $568.05, driven by strong financial performance, strategic initiatives, and investor confidence, with the company's market capitalization now standing at $193.18 billion.
Elon Musk's support for Donald Trump in the 2024 election could lead to short-term gains for Tesla and SpaceX if Trump wins, but a loss may cause temporary stock dips, with long-term impacts on Musk’s businesses likely remaining limited.
As the 2024 US Presidential Election approaches, key battleground states and shifting voter demographics, including gender, age, and ethnicity, are expected to play a crucial role in determining whether Kamala Harris or Donald Trump will win the race.
As interest in AI stocks continues to grow, experts believe that it’s not too late to invest, with NVIDIA Corporation leading the market alongside other trending companies showing strong potential in the evolving AI landscape.
Cerebras Systems is emerging as a formidable competitor to Nvidia in the AI market, boasting significant advancements with its Wafer-Scale Engine that claims to outperform Nvidia's GPU solutions in speed and efficiency.
The Nasdaq Composite fell 2.7% on Thursday, driven by concerns over rising artificial intelligence costs following earnings reports from Meta and Microsoft, which also led to broader declines in the S&P 500 and Dow Jones.
ING Groep NV's shares rose after announcing a €2 billion stock buyback and raising its revenue outlook to over €22.5 billion for the year, driven by strong performance in lending and fees despite a slight miss in Q3 net interest income.
D.R. Horton’s shares plummeted 12.5% following weak third-quarter earnings and lowered revenue guidance, raising concerns about future performance despite a new $4 billion share repurchase plan.
