Nvidia's stock has dropped 15% from its peak market cap of $3.3 trillion amid increasing competition and uncertainties surrounding its upcoming earnings report.
Author: Ecem Efe (Ecem Efe)
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Stock Exchange – U.S. Stock Market Suffers Major Blow Amid Economic Uncertainty
U.S. stocks plummeted on Friday due to fears that high interest rates and weak economic data could lead to a recession, with significant declines in major indexes like the S&P 500, Dow, and Nasdaq.
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Stock Markets – Indian Stock Market Plunges Over 1% Amid Global Selloff
Stock Markets – Sensex and Nifty 50 Drop Over 1% on Weak Global Cues Stock Markets – The Indian stock market benchmarks, the Sensex and the Nifty 50, experienced a sharp decline of over 1 percent each on Friday, August 2, driven by an across-the-board selloff amid weak global cues. The Sensex opened at 81,158.99,...
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Rolls-Royce Stock – Rolls-Royce Shares Surge After Dividend Reinstatement and Profit Forecast Upgrade
In July 2024, Rolls-Royce shares soared over 11% to an all-time high after the company reinstated dividends and raised its 2024 profit forecast following a strong first-half performance.
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PayPal Stock – PayPal Beats Expectations with Strong Q2 2024 Results, Revenue Hits $7.89 Billion
PayPal's Q2 2024 earnings report revealed an 8% revenue increase to $7.89 billion and an adjusted EPS of $1.19, surpassing analyst expectations and highlighting robust payment volume growth despite a 22% decline in stock over the past year.
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VBL Share News – Varun Beverages Ltd Shares Plummet 6% Despite Strong Q2 Profit Growth
Varun Beverages Ltd's stock dropped 6% despite a 25.5% increase in profit and a 28.3% revenue boost for Q2, alongside announcements of a stock split and interim dividend.
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Nvidia Stock – Experts Warn of Risks in Nvidia’s Future Despite Historic Stock Surge
Nvidia’s stock has surged 28,000% over the past decade, but experts warn that future growth may be uncertain due to high valuation and risks associated with AI dependency.
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Hermès Stock – Hermès and NatWest Drive European Market Gains Amid Positive US Inflation Reading
European stocks rose 0.8% driven by strong earnings from Hermès and NatWest, alongside positive US inflation data.
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US Stocks Struggle as Tech Sell-Off Continues Amid AI Concerns
US stocks struggled on Thursday with the Nasdaq and S&P 500 falling amid concerns over AI investment returns and disappointing tech earnings, while the Dow Jones saw a modest gain; traders are now anticipating Federal Reserve rate cuts based on recent economic data.
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Stellantis Stock – Stellantis Falls Short of Expectations with Decline in H1 Revenue and Operating Income
Stellantis reported a 40% drop in operating profit and negative free cash flow in the first half of 2024 due to operational issues, particularly in North America, and substantial outflows from the Grayscale Ethereum Trust, while analysts have mixed predictions for the company's future performance.
