Nvidia, bitcoin, BOJ's Ueda - what's moving markets
Investing.com -- Wall Street is seen trading in a mixed fashion Monday, as investors await the release of earnings from Nvidia, one of the main beneficiaries of this year's artificial intelligence craze. Bitcoin continued to be in demand, while the Japanese yen slipped lower on increased uncertainty over when the Bank of Japan will next hike interest rates.), a bellwether for this year’s AI craze, which is due to report third quarter earnings after the close on Wednesday.
The company is working with suppliers to change the design of the racks to alleviate the overheating issue. The AI chip giant has already delayed Blackwell by a quarter due to design flaws that have since been fixed.US stock futures traded in a mixed fashion Monday, at the start of a week that includes several major corporate earnings as well as comments from a series of Fed officials.
Ueda, speaking directly on monetary policy for the first time since Donald Trump's victory in the US presidential election, reiterated that interest rates would continue to rise gradually should the economy develop in line with the central bank's outlook. A one-time crypto skeptic, President-elect Donald Trump has pledged to set up a national Bitcoin reserve and make the U.S. a global hub for the industry.
“We have a 2030 target in our base case, it’s around $650,000, in our bull case, it’s between $1 million and $1.5 million,” Wood said, reiterating her price prediction over the next five years.Crude prices edged lower Monday, handing back earlier gains after fighting between Russia and Ukraine intensified over the weekend amid continued concerns of a supply glut next year.
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