Nvidia Falls Facing Strong Competition📱ALPN RVMD 📈 HXL RKT 📉

FlowBank's hand-curated fresh financial news [header_noDither] Nvidia Faces Market Correction Amid Competitive Pressures Nvidia, a leading GPU manufacturer benefiting from the AI surge, has entered correction territory, with its shares falling 10% from all-time highs amid competitive advancements. This decline followed Intel's announcement of a new AI chip, Gaudi 3, claimed to outperform Nvidia's top GPU in efficiency and speed. Despite Nvidia's significant gains, driven by AI chip demand, analysts from D.A. Davidson forecast a potential downturn by 2026 due to factors like shrinking AI models, more stable demand growth, and increased self-reliance of large customers on their chips. WHAT'S MOVING [Group 1742 (65)-1] [Start Trading](113/cXx8Z04/VW_cJy7ZbD30W8B7gw_8ZX8wWW7CpFKy5cMq_yMkNll22-ZVTW6N1vHY6lZ3nGV75yqz7lDWt5W6DPyyp2gcfcJW2zbSJL73pcQLW7z9-Nb8mfglcW6Hv5Yb81NRd8N3dLcl4V83tCW4Nk17Y1DGxNXVVDmpB3X3KwXW2d1fQF81gWTlW1dRYk07gZvZZW24_YQG7bR9yXW2sqHWF4g3LzPW5JVqcv2b_1ZRW4sZQ0f5QwPNSW8t1bdc7Dpc2vW6FzLj434Z-K0W7fdgyN8nKJzGW8xD5Sn3s36YXN783--RM8Y78W3LSkb79hjpb8W1vrWX7621PWMW8R_swW3r2fRff9kc5dd04) [Group 3 (63)-1] Apple Apple doubles its iPhone production in India to $14 billion, moving away from China amidst diversifying its manufacturing base and tapping into new markets. [Group 1753 (14)] Alibaba Alibaba shares rose as founder Jack Ma praised the company's major reorganization and management changes, signaling potential easing of Chinese government's stance on tech giants. [Group 1754 (14)] TSMC TSMC reports a significant revenue jump, benefiting from the artificial intelligence boom with a notable increase in demand for its semiconductors. WHAT'S COMING UP? EUR: Deposit Facility Rate (Apr): Exp. 4.00% v Prev. 4.00% EUR: ECB Interest Rate Decision (Apr): Exp. 4.50% v Prev. 4.50% USD: Initial Jobless Claims: Exp. 216K v Prev. 221K USD: PPI (MoM) (Mar): Exp. 0.3% v Prev. 0.6% EUR: ECB Press Conference USD: 30-Year Bond Auction: Prev. 4.331% IN OTHER NEWS Wall Street Stock futures fell slightly, with Dow, S&P 500, and Nasdaq-100 futures all dropping 0.2%, as Wall Street anticipated another important inflation report. The decline follows a Wednesday sell-off driven by March's high inflation data, sparking concerns about fewer Federal Reserve rate cuts. [Group 1769] Europe European markets are set for a mixed open on Thursday, with minor percentage changes following the latest U.S. inflation data. The U.K.'s FTSE 100 is expected to open up by approximately 0.13%, Germany's DAX slightly down by 0.02%, France's CAC up by 0.01%, and Italy's FTSE MIB down by 0.08%. MARKET INSIGHTS All Eyes On US CPI, ECB Policy Meeting This week holds pivotal importance for markets, as a plethora of data releases and events are poised to significantly influence the trajectory of monetary policies set by major central banks. [Read more](113/cXx8Z04/VW_cJy7ZbD30W8B7gw_8ZX8wWW7CpFKy5cMq_yMkNlks2-ZVTW5BW0B06lZ3kDW62hvP34smPcRW2WVQLM287g6BN12X3rLqGMsbW5sDMtx3NxSX3W2t8n2R2C1x2WW60XqrD5P2-HbW8p611M2S6N8mV78sn07dcL9wV-dwSr5wtTS5W6LkGYH5kwvfjMlWP3N4sSVMW4VM5fW2rtBbMW83JlvQ1xdZZJW4RRmLD7KsJyDW8_HzQd45wnVkW71XLkm5bGzPCVC6Vhb8wsC-KN5y3DrBntckdf4_S8wK04) Please note that due to market volatility, some of the prices may have already been reached and scenarios played out. The information above is not investment advice. 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