The chipmaker delivered better-than-expected results and projected current-quarter revenue above consensus, citing continued robust spending by major technology firms on AI infrastructure. Management emphasised that generative AI represents a structural shift in computing demand and signalled that, despite supply constraints at TSMC, Nvidia was able to secure the components needed to meet demand.
Silver prices declined for a third consecutive session on Tuesday, as investor focus shifted to recent statements from Federal Reserve officials and signs of easing US-China trade tensions. Fed officials, including Mary Daly and Lisa Cook, emphasized a data-dependent stance ahead of the December meeting. While both expressed support for the latest 25 bps cut, they cautioned that further moves would depend on incoming economic indicators.
Thanks to strong earnings reports, investors are still shrugging off trade war fears and the fact that the U.S. government is now in its third week of a shutdown. Futures are up across the board, with Dow futures up 182 points. The Nasdaq is up about 141, as the S&P 500 tacks on about 27 points. The Vanguard S&P 500 ETF ( NYSEMKT: VOO) is also showing big signs of life thanks to impressive earnings.
