(Video abstract)
On this episode of “Beat the Avenue,” offered by Angeline Ong, she gives updates on numerous attention-grabbing market information. One factor she talks about is the upcoming Black Friday and Cyber Monday buying seasons, notably within the on-line area. It is vital to be cautious throughout this time, as some persons are frightened about potential issues.
NVIDIA, Tesla
Ong additionally discusses the impression of a Reuters report on NVIDIA shares. It seems that there’s a delay in launching an AI chip for China, which has precipitated motion within the inventory. She additionally mentions Elon Musk’s feedback on the continued strike in Sweden towards Tesla. He described the strike as “insane,” which has caught individuals’s consideration.
A visitor on the present, IGTV’s Jeremy Naylor, explains why NVIDIA’s inventory has been negatively impacted. He highlights issues about China’s demand for high-end AI chips, particularly due to the present commerce discussions with the US. Moreover, there’s information a couple of delay within the launch of a brand new AI chip by NVIDIA, which has contributed to a drop within the inventory’s worth.
Shifting on, Ong discusses the escalating strike towards Tesla in Sweden. Apparently, round 130 mechanics from the IF Metall union, who service Tesla’s electrical vehicles, are taking part within the strike. This strike began after Tesla rejected their request for collective bargaining. Ong factors out that this strike may have vital implications for Tesla, particularly if it begins to have an effect on different crops operated by the corporate.
Ong then shifts our focus to Volkswagen, which is launching a particular electrical platform for the Chinese language market. This transfer by Volkswagen is a response to fierce competitors in China, the place calls for for effectivity and measurement are excessive. The corporate can also be seeking to decrease prices by sourcing from Chinese language suppliers.
Market traits
When it comes to market traits, Ong mentions that the tech-heavy Nasdaq has been rising lately. Hypothesis is rife that the Federal Reserve is completed with fee hikes, which is contributing to the rise. She shares evaluation by IG’s Axel Rudolph, who believes that the Nasdaq 100 is resuming its bullish uptrend and will attain new highs.
Ong wraps up the video by mentioning that they’re nonetheless ready for the discharge of the PMI numbers (a market indicator) and gives a ultimate replace on the markets, that are comparatively calm because of the brief session.
