On March 21, at NVIDIA's 2023 GTC developer conference, Nvidia CEO Jensen Huang said the company is fully committed to AI with new services and hardware.The iPhone moment of AI has started.Boosted by AI heat, $NVIDIA Corp(NVDA)$ rises for a week, surpassing $Tesla Motors(TSLA)$ in market cap, second only to $Berkshire Hathaway(BRK.B)$.1. Key Highlights of GTC - Nvidia All in AI1) A100 chip and next-generation product H100 chip empower AIGC$NVIDIA Corp(NVDA)$ offers chips to
24/3 (Fri) ➡️ Germany’s Deutsche Bank led a sell-off in European banking shares amid mounting fears another 🏦 could slip into trouble after the emergency merger of UBS & Credit Suisse last week. Deutsche Bank is Germany’s biggest lender. The Euro Stoxx Banks Index (SX7E) slipped 5%. However, some strategists & investors cautioned that it might be a fear-induced sell-off, rather than having been triggered by concerns over liquidity at Deutsche. Stock markets in London, Germany🇩🇪& France🇫🇷 were all lower. The 3 major exchanges in the 🇺🇸 were also down in opening trade, dragged lower in part by falls in shares of financial firms, including Morgan Stanley, JP Morgan Chase & Goldman Sachs $Deutsche Bank AG(DB)$
After three years, TikTok is once again at a crossroads: "SELL" or "BAN"?TikTok CEO Shou Zi Chew attended a public hearing for the United States House Committee on Energy and Commerce for the first time.Shou Zi Chew is the CEO of TikTok, he was born and raised in Singapore. After completing his military service — mandatory for most male Singaporeans — he left to study economics at University College London (UCL), a top British university, graduating in 2006 and working at investment bank Goldman Sachs for two years.He moved to the United States to get his master’s degree at Harvard Business School and met his wife Vivian Kao. Now, He is a husband, and father, currently residing in Singapore with his wife and two children.The most concerning questions during th
$Grab Holdings(GRAB)$ Grab Holdings Ltd. on Monday said it prepaid US$600 million ($806.6 million) in debt ahead of a 2026 maturity, taking advantage of excess cash on its balance sheet. The Singapore-based ride-hailing and delivery company completed the transaction last week, bringing its debt under an outstanding term loan to US$517 million, down from the previous balance of US$1.117 billion. Grab also has about US$200 million in other bank debt. “Grab is taking advantage of our healthy cash position to reduce our gross debt balance and generate interest savings, given the macroeconomic environment,” said Chief Financial Officer Peter Oey. Grab in November bought back about US$750 million in debt - part of its US$2
NVDA: Two more directors sold shares at around 230 on 1 March, according to the latest form-4 filings. They sure thank retail for buying into the AI narrative. What's That? A rising wedge is a technical indicator, suggesting a reversal pattern frequently seen in bear markets. This pattern shows up in charts when the price moves upward with pivot highs and lows converging toward a single point known as the apex. When it is accompanied by declining volume, it can signal a trend reversal and a continuation of the bear market. Declining volume is a giveaway The Breakdown One thing experienced traders love about this pattern is that once the breakdown happens, the target is reached very quickly. Unlike other patterns, where confirmation must be shown before a trade is taken, wed
With expectations of a soft landing reduced, there are two more views than there were in January and February:Hawkish talk: 50 basis point rate hike probability in MarchDovish talk: If inflation doesn't fall quickly to 2%, the Fed can live with 3%.The mystery will begin to unravel over the next three weeks. Powell will deliver his semiannual monetary policy return to Congress on Tuesday and Wednesday, live at 10 p.m., totally hawkish. It's hard to say if the February non-farm data will beat expectations on Friday night, but it wouldn't be surprising given the past few releases.So how hawkish will Powell be tonight?I found an interesting option order in $Invesco DB US Dollar Index Bullish Fund(UUP)$ ：sell