Author: pluginever
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NVDA SAYS AI CHIPS ON TRACK AMID FEARS
https://www.thestandard.com.hk/section-news/section/4/264989/Nvidia-says-AI-chip-on-track-amid-fears-over-flaws Agencies and staff reporter Nvidia said it was on track to ramp up production of its most advanced artificial intelligence chip, following reports of a delay in its launch due to design flaws. Tech journal The Information had reported that design flaws on its new Blackwell chip could cause a delay of three months…
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If you had to recommend one book on stocks/trading what would it be?
I'm looking to understand market investment from the point of view as someone who has never been into it, but understands the basics and can learn quickly. Essentially a book that doesn't insult my intelligence with too much of the obvious stuff, and instead gives a comprehensive working picture, sound actionable advice, overarching philosophy, and…
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What happened to bitcoin ETFs today?
At one point, I bookmarked four different Bitcoin ETFs (HODL, ARKB, EZBC, BITB) to observe how they behave in various market conditions. According to Google's definition, “Spot ETFs are designed to hold an equivalent amount of the underlying asset that is represented by the ETF.” So what happened today? While Bitcoin itself went up by…
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Intensifying Yen Rally Sinks Japan Stocks, Rattles Global Market
(Bloomberg) — Turmoil in Japan’s financial markets intensified Monday as the yen extended its rebound against the dollar to almost 13% from July’s low and stocks headed for a bear market. Yields on benchmark Japanese government bonds tumbled by the most in two decades. The intensity of the moves continued to take investors by surprise,…
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If the Fed is going to decrease interest rates, why are stocks cheaper?
I'm new to trading and trying to understand. If the federal reserve is going to decrease interest rates that means businesses and people will spend more leading to increase in employment. This would lead to economic growth and more profit for companies. So why is everyone panic selling?
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Buying a lot more VOO?
Does it make sense to sink a lot of money into VOO on a day like today? The markets are getting nailed and VOO is almost 15 points below my average cost per share. I had about 60 shares but just bought 20 more. It seems like a no brainer to me as I look…
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LUMN: Rising from the Dead?
DENVER, Aug. 5, 2024 – Lumen Technologies (NYSE: LUMN) today announced it has secured $5 billion in new business driven by major demand for connectivity fueled by AI. Large companies across industry sectors are seeking to secure fiber capacity quickly, as this resource becomes increasingly valuable and potentially limited, due to booming AI needs. In addition,…
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Is the Yen Carry Trade Selloff Over?
not really well verse on non-US central bank policy, especially the crazy stuff BOJ does. I'm baffled how no one even mentioned this until Aug 1 or Aug 2, days after the news (Jul 30). The sell-off in anticipation of the news likely started weeks before. Yen Dollar peaked around Jul 9, so pretty close…
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S.Korean stocks trigger circuit breakers for first time since 2020 amid tech rout
SEOUL, Aug 5 (Reuters) – South Korean shares fell for a second straight session on Monday, with trading curbs activated for the first time in four years, as risk appetite dampened across global financial markets on U.S. recession fears.The benchmark KOSPI (.KS11), opens new tab fell as much as 8.1% in afternoon trade, after dropping 3.7% on…
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I bought the dip on Friday (8/2)
So I had $70k sitting in cash on Friday and I bought long-term (1+ year) call options on INTC, NVDA, AMD, AMZN, MU, and MSFT. Am I screwed because the market is in mid-crash or is this a good play? I figured we might’ve overcorrected and will see a rebound next week followed by a…