To The Moon

Nvidia's ecosystem prepares it to reap the spoils of a new computing era, according to an analyst. Nvidia Corp. is approaching the anniversary of when it surprised Wall Street by trouncing forecast expectations on the heels of robust artificial-intelligence demand, and its stock is up some 220% over the past year.Evercore ISI analyst Kirk Materne thinks Wall Street isn't giving Nvidia enough credit for its vast ecosystem, and that's the crux of his new bullish view that implies roughly 30% upside for the stock.Nvidia isn't just a semiconductor company, from Materne's perspective, as it has an ecosystem of chips, hardware and software that deliver a key advantage - and big revenue potential.Read: AMD's stock can surge 40%, this new bull says - even as Nvidia still dominates. He added that Nvidia bears may be worried that the company is "pricing itself out of the market" with cards that run at roughly 25 times the price of central processing units from Intel and AMD. "We view this as an

The FOMC met in January 2024, but it did not release the SEP projections. However, the FOMC statement deleted the reference to "policy firming" and included the following sentence:The Committee does not expect it will be appropriate to reduce the target range until it has gained greater confidence that inflation is moving sustainably toward 2 percent.The sentence above confirms that the Fed's next move is the interest rate cut. However, the timing of the eventual cut appears to be data-dependent