Gold Weakens Further Below $4,050 On Firmer USD; Looks To US NFP For Fresh Impetus
Gold slipped below $4,050 as a firming US Dollar weighed on prices ahead of key Nonfarm Payrolls data.
Gold slipped below $4,050 as a firming US Dollar weighed on prices ahead of key Nonfarm Payrolls data.
Intel and AMD shares plummeted as a tech selloff intensified concerns over AI growth and data center spending.
IREN topped the LSEG revenue estimate, but more than $4 billion in contracted annualized revenue slips into early 2027 after a Microsoft network request.
Heavy options volume and million-dollar sweeps across the tech sector signal a potential shift in market leadership.
The AI bubble burst as the Nasdaq plunged 6%, erasing $2.3 trillion in value.
Nvidia shares plummeted 8% as election results sparked fears of tighter data center regulations and rising utility costs.
AI security spending is forecast to triple to $7.7 billion by 2028 as businesses rush to control autonomous agents.
Microsoft and Amazon led the Mag 7 on cloud growth, while Alphabet fell on AI costs.
S&P 500 Q3 earnings jumped 24.8% as the Tech sector led with robust growth and upward revisions for 2027. Key drivers like Nvidia, Micron, and Alphabet underscore sustained momentum across the AI landscape.
AppLovin shares surged as Q3 revenue climbed 55%, fueled by its scaling AI advertising engine.
Small-caps are outpacing the S&P 500 with 20% year-to-date gains, reclaiming leadership for the first time since 2022.
Small businesses face greater exposure to rising interest rates, with 20% reporting financing cost impacts compared to 12% of large firms.
The Nasdaq 100 lags as US midterm results spark fears of tighter AI regulation.
The S&P 500 remains resilient despite an AI sector sell-off as investors rotate into defensive stocks.
Perplexity AI projects ASTER could reach $35 by 2027, potentially overtaking Hyperliquid in tokenized equity trading.
Investors demand ROI proof as AI infrastructure spending is projected to hit trillions. Despite Nasdaq volatility, surging cloud growth at Microsoft and Alphabet indicates the digital gold rush is far from over.
Divided government provides market clarity as investors weigh the impact of a Democratic Blue Wave.
While AI investments inflate reported earnings, core profitability remains strong.