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Verizon expansion : FYBR done, LUMN next ?
AMD Poised For Better Upside After Messy GPU Roadmap Clear, Annual Chips Upgrades
2.Here are the stocks mentioned by the above Tigers: $GameStop(GME)$ $NVIDIA Corp(NVDA)$ $Broadcom(AVGO)$ $Advanced Micro Devices(AMD)$ $T-Mobile US(TMUS)$ $Frontier Communications Parent Inc.(FYBR)$ $Verizon(VZ)$ $AT&T Inc(T)$ $Uniti Group Inc(UNIT)$ $Lumen Technologies(LUMN)$ (Not investment advice)
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Below are Today's Key Takeaways.
Top News Move the Market
All three major U.S. stock indexes closed higher on Wednesday with a boost from the technology sector offsetting investor disappointment at an early morning inflation report, which crushed hopes the Federal Reserve would cut interest rates by 50 basis points next week.The Dow Jones Industrial Average rose 124.75 points, or 0.31%, to 40,861.71, the S&P 500 gained 58.61 points, or 1.07%, to 5,554.13 and the Nasdaq Composite gained 369.65 points, or 2.17%, to 17,395.53.
$NVIDIA Corp(NVDA)$ - Nvidia shares jumped 8.2%. Nvidia CEO Jensen Huang said that his company is experiencing strong demand for its latest generation of chips, called Blackwell. Moreover, It was helped by a Semafor report that the U.S. government is considering letting Nvidia export advanced chips to Saudi Arabia.
$Trump Media & Technology(DJT)$ - Trump Media & Technology Group, the parent company of the Truth Social platform, dropped 10.5% following the first debate between former President Donald Trump and Vice President Kamala Harris.
$GameStop(GME)$ - GameStop reported second-quarter earnings of four cents a share on sales of $798.3 million, compared with a year-earlier loss of one cent a share on sales of $1.16 billion. GameStop said cash, cash equivalents, and marketable securities were $4.2 billion at the end of the quarter, up from $1.2 billion at the end of the same period in 2023. The videogame retailer also filed for an offering of up to 20 million common shares. The stock fell 12%.
US Consumer Prices Rose 0.2% in August as Annual Inflation Rate Hits Lowest Since Early 2021
The CPI, a broad measure of goods and services costs across the U.S. economy, increased 0.2% in August, in line with the Dow Jones consensus.
That put the 12-month inflation rate at 2.5%, down 0.4 percentage point from the July level and the lowest since February 2021.
Traders priced in an 85% chance that the Fed will approve a quarter percentage point, or 25 basis point, interest rate reduction when its meeting concludes Sept. 18.
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๐๐๐ Bet on Nvidia Stock Movement and Win Tiger Coins!
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