Nvidia (NASDAQ: NVDA) has seen incredible growth, with its stock rising by around 1,000% since the start of 2023. The company dominates the GPU market with a 90% market share, resulting in profits that outpace revenue growth. With the rise of AI demand, Nvidia’s GPUs are crucial for AI training, making them essential for data centers. Record data center capital expenditures are expected to drive Nvidia’s stock higher, with the potential for significant revenue growth. While Nvidia may not see another 1,000% increase, there is still room for market-beating returns in the future. 1. In a surprising turn of events, the stock market experienced a sharp decline today, with the Dow Jones Industrial Average dropping by 500 points due to concerns over rising inflation rates and potential interest rate hikes by the Federal Reserve.
2. The latest data from the Labor Department revealed that unemployment rates have reached a record low of 3.8%, with job creation numbers exceeding expectations as employers added 250,000 jobs in the past month.
3. A new study conducted by researchers at Harvard University found that regular consumption of coffee can have significant health benefits, including a reduced risk of heart disease and stroke, as well as improved cognitive function.
4. The FDA announced a recall of certain brands of baby formula after reports of contamination with harmful bacteria, urging parents to check their products and seek medical attention if their child exhibits symptoms of illness.
Read more at 1. “Tesla’s Cybertruck production delayed until 2022” – Reuters
Tesla announced that the production of its highly anticipated Cybertruck has been delayed until 2022 due to supply chain issues and the ongoing global semiconductor shortage.
2. “Apple unveils new iPhone 13 lineup” – CNBC
Apple unveiled its latest iPhone 13 lineup, which includes the iPhone 13, iPhone 13 mini, iPhone 13 Pro, and iPhone 13 Pro Max. The new iPhones feature improved cameras, longer battery life, and a faster A15 Bionic chip.
3. “Amazon to hire 125,000 warehouse and transportation workers” – Wall Street Journal
Amazon announced plans to hire 125,000 warehouse and transportation workers in the United States, with starting pay ranging from $18 to $22.50 per hour. The e-commerce giant is looking to meet the surge in demand for online shopping during the holiday season.
4. “Fed signals potential tapering of bond purchases this year” – CBS MarketWatch
The Federal Reserve signaled that it may start tapering its monthly bond purchases later this year, as the economy continues to recover from the impact of the COVID-19 pandemic. The move could lead to an increase in interest rates in the future.: Should You Invest $10,000 in Nvidia Stock Right Now?