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Pressure on the Fed is mounting as sharemarkets spiral again

Pressure on the Fed is mounting as sharemarkets spiral again

Nearly a month ago, Wall Street plunged in response to a shock set of US job figures. Overnight, the market plunged again, in expectation of more bleak numbers this week.

  • by Stephen Bartholomeusz

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Wall Street darling suffers record $416 billion meltdown in one day

Wall Street darling suffers record $416 billion meltdown in one day

The value of AI powerhouse Nvidia just fell by the equivalent of the total value of energy giant Chevron in a single session.

  • by Jeran Wittenstein and Ryan Vlastelica
The $48 billion ‘disappointment’ that sent a shiver through Wall Street
Opinion
AI

The $48 billion ‘disappointment’ that sent a shiver through Wall Street

Nvidia had a meteoric rise to become one of the world’s most valuable companies, but we just got a snapshot of the AI powerhouse’s vulnerability.

  • by Stephen Bartholomeusz
Is the AI bubble about to burst?
Analysis
AI

Is the AI bubble about to burst?

As the AI arms race rages, one deal has likely altered Australia’s trajectory in one fell swoop.

  • by David Swan
Delorean leaves broken-down movie namesake for dust

Delorean leaves broken-down movie namesake for dust

This week’s Bulls N’ Bears Runner of the Week is … Delorean after it threw out some striking financial results during an interesting quarterly reporting period.

  • by Andrew Todd
$1.1 trillion wipeout: Wall Street just got hit with a reality check

$1.1 trillion wipeout: Wall Street just got hit with a reality check

Wall Street has been riding an AI wave, but it just recorded its worst day since 2022 after investors were spooked by results from two of the world’s biggest companies.

  • by Stephen Bartholomeusz
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ASX hits record high; CBA eclipses BHP as Australia’s biggest company

ASX hits record high; CBA eclipses BHP as Australia’s biggest company

The Australian sharemarket climbed to a record high after four out of every five stocks that comprise the benchmark S&P 500 Index advanced on Wall Street overnight.

  • by Millie Muroi
US presidential debate and inflation update could rock the markets

US presidential debate and inflation update could rock the markets

The debate between Joe Biden and Donald Trump comes just ahead of the release of a key inflation measure for the world’s largest economy.

  • by Stephen Bartholomeusz
Utilities and energy firms lift ASX; Kathmandu drops

Utilities and energy firms lift ASX; Kathmandu drops

The Australian sharemarket staged a major turnaround in the latter half of the trading session to finish on a high, after Wall Street equities backed away from recent records.

  • by Millie Muroi
ASX closes flat with energy the key standout

ASX closes flat with energy the key standout

The Australian sharemarket dipped in late trade to close slightly lower as investors wound back their bets on interest rate cuts after the central bank’s decision on Tuesday to keep the cash rate on hold.

  • by Sumeyya Ilanbey and Millie Muroi
Why friends and family are asking me if it’s too late to buy Nvidia stock

Why friends and family are asking me if it’s too late to buy Nvidia stock

The chipmaker is the world’s third-largest company, larger than Tesla and Amazon combined. Should you buy into the hype?

  • by William Bennett

Original URL: https://www.smh.com.au/topic/Nvidia-6gk0