🎁 Bet on NVIDIA Stock Movement and Win Tiger Coins!

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[Winners Announcement:13 Mar]

1.Here are the 11 Tigers whose post has the best quality & interaction yesterday:

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Larry Ellison is $15 billion richer after Oracle's best day on stock market since 2021

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Below are Today's Key Takeaways.

Top News Move the Market

The S&P 500 and Nasdaq edged lower on Wednesday as investors took profits in chipmaker stocks, while they braced for producer price data and further clues on the inflation trend ahead of next week's Federal Reserve meeting.

Nvidia $NVIDIA Corp(NVDA)$ - Nvidia declined 1.1% as investors took profits following the stock’s jump of more than 7% on Tuesday. Fellow chip makers also traded lower. Micron Technology was down 3.4% and Advanced Micro Devices fell 4%. Intel fell 4.4% after a report from Bloomberg said the Pentagon was pulling out of a plan to spend as much as $2.5 billion on a chip grant to the semiconductor company.

Tesla $Tesla Motors(TSLA)$ - Tesla fell 4.5% to $169.50 after Wells Fargo cut its recommendation on shares of the electric-vehicle maker to Underweight from Equal Weight and reduced the stock’s price target to $125 from $200. Tesla “ain’t looking so magnificent,” wrote Wells Fargo analyst Colin Langan. “We expect volume to disappoint as price cuts are having a diminishing impact on demand. Lower deliveries and [vehicle] price drive our 2024 earnings per share [estimate] 32% below consensus.”

Coinbase $Coinbase Global, Inc.(COIN)$ - Coinbase fell 1.7% after announcing it plans to conduct a $1 billion convertible senior notes offering, with notes due in 2030. The crypto exchange said it would use proceeds from the offering to repay outstanding debt and for general corporate purposes. The stock has risen 52% this year and 310% over the past 12 months as Bitcoin  sets record highs.

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All right, here is all the market information we would like to share with you：

1. What news/movements are worth noting in the market today? Any stocks to watch?

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🎁🎁🎁 Bet on NVIDIA Stock Movement and Win Tiger Coins!

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