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Nvidia's $91B Forecast Fails to Lift Stock Amid Profit Taking
Nvidia posted record quarterly revenue of $81.6 billion and guided above estimates for Q2, but shares fell 1.9% Friday as investors took profits amid competition concerns.
Sumitomo Mitsui Financial Group: 7x Surge in 5 Years—Still a Buy?
Sumitomo Mitsui Financial Group (TSE:8316) has surged 7-fold in five years. Despite trailing peers, valuation models suggest 36.5% upside.
Indian Markets Face Headwinds from Oil, Rupee, and Holiday-Shortened Week
Indian equities start a holiday-shortened week under pressure from high oil prices, a sliding rupee, and continued foreign selling. Nifty 50 and Sensex posted small gains last week but remain sharply lower since the Iran conflict erupted.
Australian Shares Rise as Market Awaits Key Inflation Data
The ASX 200 rose 0.41% to 8,657 on Friday, ahead of crucial April inflation data that could shape RBA policy. Miners and energy stocks outperformed.
FTSE 100 Gains on Rate Optimism, Faces Iran Risk and Retail Data
The FTSE 100 rose 2.66% last week, breaking a four-week losing streak as traders scaled back BoE rate hike bets. Weak retail sales and PMI data, along with Iran tensions, keep markets cautious.
Asian Markets Brace for Key Week as Oil, Yields, and AI Dominate
Asian markets enter a crucial week with oil above $103, US yields at 4.558%, and AI optimism from Nvidia and Lenovo. China cracks down on cross-border brokers, while key data includes US PCE and Tokyo CPI.
Constellation Energy Rises on Grid Reliability and AI Power Demand
Constellation Energy closed at $294.07, up 12.2% for the week, after a DOE emergency order kept Eddystone units running and PJM moved up capacity procurement.
SoFi Acquires Peach Finance in Quiet Tech Platform Push
SoFi acquires Peach Finance to strengthen its technology platform. Shares closed at $15.62, nearly unchanged, as investors assess the deal's impact on B2B growth.
3M Stock Gains 4.3% in Holiday Week; Focus on Inflation Data
3M shares gained 4.3% during a holiday week, closing at $152.44. The company declared a $0.78 dividend, while traders await key inflation and factory data.
JNJ Stock Rises on China Approval and Digital Surgery Deal
Johnson & Johnson shares gained 1.13% Friday to $234.34, climbing 3.4% for the week, buoyed by a Chinese approval of its drug nipocalimab and a new digital surgery partnership in Abu Dhabi.