Beat the street: NVIDIA alert; Fed caution
Caution ahead of NVIDIA's earnings and policy caution from Fed officials head of the central bank’s latest meeting minutes. Lowe's numbers ahead of Target's, indicate soft demand.
Canada's inflation eases to a three-year low, lifting expectations for a June rate cut.
(AI Video Summary)
NVIDIA's potential earnings
In the latest episode of "Beat the street," the focus is on imminent economic data and corporate earnings influencing the market. Highlights included speculation around NVIDIA's potential for reporting strong earnings, driven by significant demand from cloud computing giants.
The episode also touches on the anticipation of the Federal Reserve's decisions and comments on interest rates, alongside Canadian inflation data showing a slight easing. Additionally, retail performance, with updates from Lowe's and Target, suggested soft demand.
AI and EVs
The discussion also ventures into broader tech trends, particularly AI, cloud computing, and the strategic moves by companies like Microsoft in gaming and AI enhancements. Moreover, the ongoing expansion of the EV sector and its infrastructure was noted, alongside geopolitical economic strategies influencing markets.
Technical analysis of the Dow Jones hinted at a possible market correction, aligning with broader economic sentiments and policy expectations.
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