AMD and Nvidia are in a heated AI arms race, making ETFs with high exposure to the chip wars a good bet. AMD launched new gaming chips, while Nvidia signed a historic deal with Saudi Arabia.
Qualcomm Inc (QCOM) to report Q2 earnings. Stock down 11.44% over past year, but outperforming chip sector. Wall Street focused on Trump tariffs and potential loss of Apple's modem chip business.
Investors ditched worries, boosting ETFs like VanEck SMH (+13%) on chip stock rally, Virtus BBC (+7%) on biotech hope, Simplify TESL (+31%) on Musk's focus, Invesco SPHB (+11.5%) on risk appetite, iShares IBIT (+9.2%) on crypto optimism. Market sentiment received boost from easing US-China trade tensions and news of no Fed Chair firing. S&P 500 recovered 80% of its post-April 2 sell-off, but warning signs remain with slowing private sector growth, declining consumer sentiment, and rising inflation expectations. ServiceNow (+20%) and Northrop Grumman (-15%) had divergent earnings, while Tesla (+31%) surged on Musk's promise to focus on making EVs. This week's action will be crucial.
The proliferation of leveraged speculation ensures acute fragility. And, to be sure, faith in liquidity backstops and market bailouts is absolutely fundamental to market structure.
Marvell Technology shares are trading higher by 6.5% during Thursday's session. Strong economic data and easing trade tensions fueled the stock higher into Thursday's close.
Intel is scheduled to report first-quarter 2025 results on April 24 after market close. Let’s take a closer look at its fundamentals ahead of the earnings release.
Advanced Micro Devices shares are trading lower by 11.5% over the trailing week. Investors are weighing U.S. government restrictions on AI chip exports to China and several other regions.
In this brief market report, we will take a look at the various asset classes, sectors, equity categories, ETFs, and stocks that moved the market higher, as well as the market segments that defied the trend by moving lower.
The Blue Whale Growth fund, backed by the English billionaire Peter Hargreaves, has sold its entire stake in Meta Platforms Inc. (NASDAQ: META) and Microsoft Corporation (NASDAQ: MSFT), citing fears of a global economic slowdown.
