Nvidia Rallies Amidst Tech Sector Volatility: AI Chips in High Demand, Microsoft and Google Invest, Inflation Concerns Arise

United States of America
Airbus deliveries were affected by CFM engine supplies. Boeing offered to buy Spirit AeroSystems in a mostly stock deal.
Boeing's Starliner faced setbacks due to helium leaks and thruster failures.
Demand for Nvidia's AI GPUs remains high with major tech companies purchasing billions of dollars worth of its chips.
Federal Reserve Governor Michelle Bowman expressed willingness to increase interest rates if inflation fails to decline or worsens.
Microsoft, Google, Amazon, Oracle, and Meta are among the tech companies buying Nvidia chips.
Nvidia is set to release next-generation AI chips called Blackwell later this year.
Nvidia rallied on Tuesday, June 26th, leading the S&P 500 and Nasdaq Composite to snap a three-day slide.
Nvidia's market capitalization dropped by over $500 billion in three trading sessions due to a sell-off.
Sixteen Nobel Prize-winning economists warned of economic risks if former President Trump served a second term, including the risk of reignited inflation.
Volkswagen announced it will invest up to $5 billion in electric vehicle startup Rivian.
Nvidia Rallies Amidst Tech Sector Volatility: AI Chips in High Demand, Microsoft and Google Invest, Inflation Concerns Arise

In recent days, the tech sector, specifically Nvidia, has seen significant volatility in the stock market. Nvidia's market capitalization dropped by over $500 billion in just three trading sessions due to a sell-off. However, on Tuesday, June 26th, 2024, Nvidia rallied and led the S&P 500 and Nasdaq Composite to snap a three-day slide (Angela Weiss | AFP | Getty Images).

The demand for Nvidia's artificial intelligence graphics processing units (GPUs) remains high, with major tech companies like Microsoft, Google, Amazon, Oracle, and Meta purchasing billions of dollars worth of its chips to power their data centers and cloud services. Nvidia is also set to release its next-generation AI chips called Blackwell later this year (CNBC).

Meanwhile, Volkswagen announced it will invest up to $5 billion in electric vehicle startup Rivian, following an initial investment of $1 billion. This news came as sixteen Nobel Prize-winning economists warned of economic risks if former President Donald Trump were to serve a second term, including the risk of reignited inflation (CNBC).

Federal Reserve Governor Michelle Bowman expressed her willingness to increase interest rates if inflation fails to decline or even worsens. The European Union has charged Microsoft with violating antitrust rules by abusive bundling of its Teams and Office products (European Union Commission, EU | Reuters).

In the tech sector, Boeing's Starliner faced setbacks due to helium leaks and thruster failures. Airbus deliveries to customers were affected by CFM engine supplies, while Boeing offered to buy Spirit AeroSystems in a mostly stock deal valuing its key supplier at about $35 per share (Boeing | Reuters).

The Dow Jones Industrial Average dropped almost 300 points as Boeing, Goldman Sachs, and Home Depot all declined. The yield on the 10-year Treasury was unchanged ahead of key inflation data on Friday. U.S. oil prices fell (CNBC).


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Confidence

85%

Doubts
  • Are there any potential conflicts of interest in the reporting about tech companies purchasing Nvidia chips?
  • Is the demand for Nvidia's AI chips truly as high as reported?

Sources

96%

The overall score is a weighted number that takes into account conflict of interest, bias, deception and other practices that undermine the credibility of the source. It is calculated as:
(Site Conflicts Of Interest + Author Conflicts Of Interest) / 2.0 * 0.2 + ArticleBiasScore * 0.20 + UniquePointsScore * 0.05 + DeceptionScore * 0.20 + ReadabilityScore * 0.05 + FallacyScore * 0.20

A score that takes into consideration the content for flow, interruptions with ads, and overt search engine optimization techniques that makes the content hard to understand

CNBC Daily Open: Nvidia rallies after sell-off, lifts S&P 500 and Nasdaq

CNBC News Abid Ali Wednesday, 26 June 2024 00:54
  • Unique Points
    • Nvidia sparks rally as it rebounds from a sell-off, leading the S&P 500 and Nasdaq Composite to snap a three-day slide.
    • Volkswagen will invest up to $5 billion in electric vehicle startup Rivian, after initially investing $1 billion.
    • Sixteen Nobel Prize-winning economists warned of economic risks if former President Donald Trump were to serve a second term, including the risk of reignited inflation.
    • Federal Reserve Governor Michelle Bowman expressed willingness to increase interest rates if inflation fails to decline or even worsens.
    • The European Union has charged Microsoft with violating antitrust rules by abusive bundling of its Teams and Office products.
  • Accuracy
    • Nvidia lost over $500 billion in market capitalization over three trading days (other article)
    • Nvidia saw over $540 billion erased from its market value after hitting an intraday record on Thursday (other article)
    • Demand for Nvidia’s artificial intelligence graphics processing units (GPUs) remains high with companies like Microsoft, Google, Amazon, Oracle and Meta buying billions of dollars worth of its chips (other article)
    • Nvidia climbed 6.8% after a three-session sell-off (other article)
    • Chips were among the biggest boosts for the S&P 500 technology index’s recovery from a three-day slide (other article)
  • Deception (100%)
    None Found At Time Of Publication
  • Fallacies (100%)
    None Found At Time Of Publication
  • Bias (100%)
    None Found At Time Of Publication
  • Site Conflicts Of Interest (100%)
    None Found At Time Of Publication
  • Author Conflicts Of Interest (100%)
    None Found At Time Of Publication

96%

The overall score is a weighted number that takes into account conflict of interest, bias, deception and other practices that undermine the credibility of the source. It is calculated as:
(Site Conflicts Of Interest + Author Conflicts Of Interest) / 2.0 * 0.2 + ArticleBiasScore * 0.20 + UniquePointsScore * 0.05 + DeceptionScore * 0.20 + ReadabilityScore * 0.05 + FallacyScore * 0.20

A score that takes into consideration the content for flow, interruptions with ads, and overt search engine optimization techniques that makes the content hard to understand

Nvidia's half-a-trillion dollar wipeout leaves global chip stocks volatile

CNBC News Ryan Browne Tuesday, 25 June 2024 15:07
  • Unique Points
    • Nvidia lost over $500 billion in market capitalization over three trading days
    • Demand for Nvidia’s artificial intelligence graphics processing units (GPUs) remains high with companies like Microsoft, Google, Amazon, Oracle and Meta buying billions of dollars worth of its chips
  • Accuracy
    • Nvidia saw over $540 billion erased from its market value after hitting an intraday record on Thursday
    • Nvidia sparks rally as it rebounds from a sell-off, leading the S&P 500 and Nasdaq Composite to snap a three-day slide.
    • Nvidia climbed 6.8% after a three-session sell-off
  • Deception (100%)
    None Found At Time Of Publication
  • Fallacies (95%)
    The article contains some instances of inflammatory rhetoric and an appeal to authority, but no formal or blatant logical fallacies are present. The author describes the volatile trading of semiconductor stocks in response to Nvidia's market capitalization loss and quotes experts for context.
    • ]The logo of Nvidia Corporation is seen during the annual Computex computer exhibition in Taipei, Taiwan, May 30, 2017. [Tyrone Siu | Reuters](/): This is a description and not an assertion by the author.
    • [Some of the stocks recouped losses]:
    • ASML is a key player in the global semiconductor market.
    • [The firm makes and sells extreme ultraviolet lithography (EUV) machines, which chipmakers use to manufacture integrated circuits]
    • [For its part, Nvidia says that demand for its prized artificial intelligence graphics processing units, or GPUs, remains high.]
  • Bias (100%)
    None Found At Time Of Publication
  • Site Conflicts Of Interest (100%)
    None Found At Time Of Publication
  • Author Conflicts Of Interest (100%)
    None Found At Time Of Publication

97%

The overall score is a weighted number that takes into account conflict of interest, bias, deception and other practices that undermine the credibility of the source. It is calculated as:
(Site Conflicts Of Interest + Author Conflicts Of Interest) / 2.0 * 0.2 + ArticleBiasScore * 0.20 + UniquePointsScore * 0.05 + DeceptionScore * 0.20 + ReadabilityScore * 0.05 + FallacyScore * 0.20

A score that takes into consideration the content for flow, interruptions with ads, and overt search engine optimization techniques that makes the content hard to understand

Nasdaq ends higher on tech strength; Dow pulls back

Yahoo Finance Sinéad Carew Wednesday, 26 June 2024 04:42
  • Unique Points
    • Nasdaq rallied 1.3% on Tuesday, buoyed by strength in Nvidia and other tech megacaps
    • Nvidia climbed 6.8% after a three-session sell-off
    • Alphabet and Meta Platforms were the biggest boosts to the communication services index
  • Accuracy
    • The Dow Jones Industrial Average fell 299.05 points, or 0.76%
  • Deception (100%)
    None Found At Time Of Publication
  • Fallacies (100%)
    None Found At Time Of Publication
  • Bias (100%)
    None Found At Time Of Publication
  • Site Conflicts Of Interest (100%)
    None Found At Time Of Publication
  • Author Conflicts Of Interest (100%)
    None Found At Time Of Publication