- Bloomberg
Stocks Fall, Pound Gains After UK Inflation Jolt: Markets Wrap
(Bloomberg) -- European stocks fell after the latest price data from the UK cast doubt on hopes that prices pressures have been vanquished.Most Read from BloombergOne Dead After Singapore Air Flight Hit By Severe Turbulence‘It Felt Like We Had Crashed’: Singapore Air Passenger Describes Turbulence TerrorBarclays Managers Warn Some Staff to Prepare for Five Days a Week in OfficeThese Flight Routes Suffer the World’s Worst TurbulenceThe Stoxx Europe 600 slipped, with the FTSE 100 underperforming a
- Reuters
Analysis-Europe stock pickers go old-school to ride the next wave in AI
European stock pickers are turning to more established sectors like utilities, professional data providers and even copper miners to tap into the next wave of the AI boom, a year after AI chipmaker Nvidia's emergence as a driving force. Enthusiasm for artificial intelligence helped drive a rally across equity markets in 2023, propelling Nvidia and Dutch semiconductor equipment supplier ASML into the spotlight. Nvidia shares are hovering close to record highs ahead of its quarterly earnings due late on Wednesday.
- Reuters
Analysis-Earnings from AI-heavyweight Nvidia to test US stocks’ record run
Earnings from semiconductor bellwether Nvidia on Wednesday are set to provide the latest test for a U.S. stock market rally that has taken indexes to record highs this year. A 90% run in Nvidia’s shares this year has made it the third-biggest U.S. company by market value, trailing only Microsoft and Apple. Because Nvidia’s chips are the gold standard in artificial intelligence, its results are widely seen as a barometer for the burgeoning AI industry, whose evolution has stoked investor enthusiasm and helped drive the bull run in U.S. stocks.
