The world of Big Tech made headlines this week with a staggering $330 billion surge in value for Nvidia, setting a Wall Street record. This surge came as firms like Microsoft continued to invest heavily in AI, but the Windows maker's shares didn't fare as well. Concerns over when these substantial investments will yield returns have caused some unease, particularly with Microsoft's stock performance. Meanwhile, Intel, seen as trailing in the AI race, is facing its own set of challenges, with approximately 15% of jobs going, contributing to a 40%+ drop in its shares this year. Are these investments in AI the right move, or are they setting the stage for a larger fallback?
Have you ever wondered what it takes for the stock market to bounce back with such vigor? On Wednesday, US stocks experienced a significant rally, leaving investors in awe and curiosity. The Dow gained approximately a quarter, the S&P 500 climbed over 1.5%, and the tech-heavy NASDAQ soared more than 2.6%. What led to this remarkable upturn?
The foreign exchange market, often abbreviated as Forex or FX, is a labyrinth of financial transactions, a global arena where currencies dance to the tune of supply and demand. It's a market that can make or break economies, where billions are won or lost in the blink of an eye. Let's dive into this fascinating world and pull back the curtain on some of its most intriguing aspects.