{
}
A Singapore court has granted bail to three men accused of defrauding suppliers in a $390 million Nvidia chip fraud case. The suspects, including two Singaporeans and one Chinese national, face charges of smuggling and providing false information about server locations. Bail amounts were set at S$800,000 and S$600,000 for the Singaporeans, while the Chinese national's bail is S$1 million, contingent on electronic monitoring.
US stock markets experienced mixed results amid tariff news and rising inflation expectations. The S&P 500 fell by 0.24%, while the Nasdaq 100 rose slightly by 0.06%. Focus this week shifts to the upcoming consumer price index report and Federal Reserve Chair Jerome Powell's testimony, with inflation anticipated to rise.
[Bloomberg]
The S&P 500 is nearing a complete reversal of its post-election gains, up just 0.92% since November 5, while the Dow is only 0.18% higher. A slump in tech stocks, influenced by new Biden administration rules on AI chip sales, has contributed to this decline. Investors are preparing for fourth-quarter earnings reports and key inflation data, which are expected to significantly impact market trading.
U.S. stocks declined on Monday, with the S&P 500 down 0.8% and the Nasdaq Composite falling 1.6%, as rising Treasury yields fueled concerns over the Federal Reserve's interest rate strategy. Major tech companies, including Nvidia and Tesla, experienced significant losses, while Apple shares slipped due to a report of declining iPhone sales. Investors are closely watching upcoming economic data, including the Consumer Price Index and earnings reports from major banks, for insights into inflation and economic resilience.
Cryptocurrency prices plummeted on Tuesday, with Bitcoin dropping 4% to an intraday low of $97,700, while Ethereum, XRP, and Solana fell over 5%. This decline was driven by rising U.S. bond yields and a risk-off sentiment in financial markets, particularly affecting tech stocks like NVIDIA and Tesla.The Labor Department's report of surging job vacancies added pressure, raising concerns about a hawkish Federal Reserve stance. Analysts warn that increasing bond yields could lead to a significant sell-off in cryptocurrencies as investors shift to safer assets.
The S&P 500 is on track for its first gain since Christmas, rising 1.1% in afternoon trading, driven by Nvidia's 4.5% increase. Despite a recent pullback, concerns about inflation and high stock prices persist, while U.S. Steel fell 5.6% after a blocked acquisition. Global markets reacted variably, with South Korea's Kospi gaining 1.8% amid political instability.
Wall Street rebounded on Friday, with the S&P 500 rising 1.3% for its first gain since Christmas, driven by strong performances from Big Tech stocks like Nvidia and Tesla. The Dow Jones gained 339 points, while the Nasdaq jumped 1.8%. However, U.S. Steel fell 6.5% after a blocked acquisition, and alcohol companies dropped following health warnings about cancer risks associated with consumption.
The S&P 500 is on track for its first gain since Christmas, rising 1.1% in afternoon trading, while the Dow Jones increased by 258 points. Nvidia led the rally with a 4.5% rise, despite concerns over high tech stock prices, while Tesla rebounded 5% after a previous drop. However, U.S. Steel fell 5.6% following a blocked acquisition, and alcohol stocks declined after health warnings linked consumption to cancer risks.
Asian shares mostly declined as Tokyo remained closed for New Year’s holidays, with investors cautious amid political uncertainties in South Korea and potential policy changes under President Trump. Australia’s S&P/ASX 200 rose 0.4%, while South Korea’s Kospi fell nearly 0.1%, and Hong Kong’s Hang Seng dropped 1.3%. U.S. markets closed lower on the last trading day of the year, with the S&P 500 down 0.4%, despite a strong overall performance in 2024 driven by Big Tech and a growing economy.
Super Micro Computer, Inc.
Companies
| Symbol | SMCI |
| Name | Super Micro Computer, Inc. |
| Currency | USD |
| Sector | Information Technology |
| IndustryGroup | Technology Hardware & Equipment |
| Industry | Technology Hardware, Storage & Peripherals |
| Market | NASDAQ Global Select |
| Country | United States |
| State | CA |
| City | San Jose |
| Zipcode | 95131 |
| Website | http://www.supermicro.com |
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
Singapore court grants bail in Nvidia chip fraud case involving 390 million dollars
01:50 14.03.2025
mixed market reactions as tariffs and inflation data shape wall street outlook
United States Dollar
Euro
DoorDash, Inc.
Lyft, Inc.
Airbnb, Inc.
Coinbase Global, Inc.
Robinhood Markets, Inc.
Super Micro Computer, Inc.
CHN
IND
BRA
USA
Jerome Powell
Show more
04:32 10.02.2025
us stocks rise as tariff tensions ease while asx 200 rebounds
New Zealand Dollar
British Pound Sterling
Australian Dollar
Chinese Yuan
United States Dollar
Airbnb, Inc.
Coinbase Global, Inc.
Westpac Banking Corp
DoorDash, Inc.
Lyft, Inc.
Robinhood Markets, Inc.
Super Micro Computer, Inc.
JPN
NZL
AUS
CAN
CHN
USA
MEX
Jerome Powell
Andrew Bailey
Show more
05:46 07.02.2025
stock market rally fades as s and p 500 nears pre election levels
United States Dollar
Super Micro Computer, Inc.
JPMorgan Chase & Co.
NVIDIA Corporation
Wells Fargo & Company
CitiBank, N.A. Issuer Callable Fixed To Floating CD AASPAXX
USA
Barack Obama
Donald Trump
Show more
14:08 14.01.2025
us stocks decline as tech sector struggles and bond yields rise
United States Dollar
Super Micro Computer, Inc.
Tesla, Inc.
Apple Inc.
Meta Platforms, Inc.
NVIDIA Corporation
JPMorgan Chase & Co.
Wells Fargo & Company
Vistra Corp.
Amazon.com, Inc.
Alphabet Inc.
Microsoft Corp
Taiwan Semiconductor Manufacturing Co Ltd
UnitedHealth Group Inc
The Goldman Sachs Group, Inc.
Micron Technology, Inc.
USA
Elon Musk
Kamala Harris
Show more
14:55 13.01.2025
cryptocurrency prices plunge as bond yields rise and market sentiment shifts
United States Dollar
NVIDIA Corporation
Super Micro Computer, Inc.
Tesla, Inc.
USA
Mark Zandi
Donald Trump
Show more
18:04 07.01.2025
s and p 500 rebounds as tech stocks drive market recovery
United States Dollar
NVIDIA Corporation
Tesla, Inc.
Brown-Forman Corp
U. S. Steel Canada Inc. Retirement Plan for CAW Local 523 Employees of the Former Stelpipe Ltd.
Super Micro Computer, Inc.
Rivian Automotive, Inc.
Molson Coors Beverage Co
CHN
JPN
USA
KOR
Vivek Murthy
Choi Sang-mok
Solita Marcelli
Donald Trump
Show more
19:24 03.01.2025
s and p 500 posts first gain since christmas led by big tech stocks
NVIDIA Corporation
Tesla, Inc.
Brown-Forman Corp
U. S. Steel Canada Inc. Retirement Plan for CAW Local 523 Employees of the Former Stelpipe Ltd.
Palantir Technologies Inc.
Super Micro Computer, Inc.
Rivian Automotive, Inc.
Molson Coors Beverage Co
JPN
USA
Vivek Murthy
Solita Marcelli
Show more
05:12 03.01.2025
s and p 500 rebounds as tech stocks drive market recovery
NVIDIA Corporation
Tesla, Inc.
Brown-Forman Corp
U. S. Steel Canada Inc. Retirement Plan for CAW Local 523 Employees of the Former Stelpipe Ltd.
Super Micro Computer, Inc.
Rivian Automotive, Inc.
Molson Coors Beverage Co
CHN
JPN
USA
Solita Marcelli
Seth Wenig
Joe Biden
Vivek Murthy
Donald Trump
Show more
05:12 03.01.2025
asian shares decline as investors weigh political uncertainties and market trends
Euro
Japanese Yen
United States Dollar
Super Micro Computer, Inc.
NVIDIA Corporation
CHN
KOR
JPN
AUS
HKG
USA
Donald Trump
Jimmy Carter
Show more
04:57 02.01.2025
Trending
Subcategory
Countries:
Companies:
Currencies:
People: