FlowBank's hand-curated fresh financial news [header_noDither] Nvidia Overtakes Alphabet, Can Anything Stop Them? Nvidia has overtaken Alphabet (Google) in market cap, becoming the third most valuable U.S. company, driven by the artificial intelligence boom and robust demand for its AI server chips. This surge in value reflects Nvidia's transformation from a company known for consumer graphics processors for gaming to a key player in AI technology, with shares increasing over 221% in the past year. The company's market value reached $1.83 trillion, surpassing Alphabet's $1.82 trillion, and is now positioned just behind Apple and Microsoft in market cap rankings. Nvidia's upcoming quarterly earnings report is highly anticipated, with analysts expecting a significant 118% annual growth in sales to $59.04 billion. WHAT'S MOVING [Group 1742 (27)-1] [Start Trading](113/cXx8Z04/VWcMn48H0HlXW2Sjgy37BDxj1W7HlLKX59xvs7N72QT-62-ZVTW6N1vHY6lZ3kLW1VwWVv8s1x6ZW4dVChH6Q-DrdW5N_Zcz2pvCnsVMThJ-2MV98RW7KGZ9v2M2Pw-W19kLvm3WGBHDW7-x9MZ1hg8G9W5ZgpKx75Rn4LW5xW4WZ1hRLszW6dXNls2w01mYW7l8vHV74mSgvW4B7Kpz6MJDXyVw84Mj7LbfWcW2WsjZ27Y7pdGW3pLdjz57XTYRW70hdbC565mnwW3TrQf-5CCHfzW2ZG35L3TsR9NW6txkkr3Vg3SvVb7SXz8nBmN3W5LYy5Y4bcKj4W8LrGyb6Qkh6Qf77VKHs04) [Group 1750 (24)] TSMC TSMC's shares reached an all-time high following Morgan Stanley's raised price target for Nvidia due to sustained AI demand, highlighting TSMC's role as a key manufacturer for leading tech firms like Nvidia and Apple. The surge in TSMC's stock value underscores the impact of the AI boom, notably fueled by the popularity of generative AI technologies like OpenAI's ChatGPT. [Group 1752 (17)] TikTok New York City, backed by its school district and health groups, has sued the makers of TikTok, Instagram, Facebook, Snapchat, and YouTube, claiming their platforms addict young users and harm their mental health, violating city laws and burdening public services. [Group 3 (26)-2] Berkshire Hathaway Famous investor, Warren Buffets company Berkshire Hathaway reduced its stakes in Apple, Paramount Global, and HP, while increasing its investment in Chevron in the fourth quarter, as revealed in its latest 13-F report. WHAT'S COMING UP? EUR: ECB President Lagarde Speaks USD: Core Retail Sales (MoM) (Jan): Exp. 0.2% v Prev. 0.4%
USD: Initial Jobless Claims: Exp. 219K v Prev. 218K USD: Philadelphia Manufacturing Index (Feb): Exp. -8.0 v Prev. -10.6 USD: Retail Sales (MoM) (Jan): Exp. -0.2% v Prev. 0.6% IN OTHER NEWS Wall Street Stock futures showed minimal changes early Thursday, as Wall Street aimed to continue a slight recovery with important economic indicators forthcoming. Dow Jones Industrial Average futures slightly rose by 10 points, S&P 500 futures remained unchanged, and Nasdaq 100 futures experienced a slight decline. [Group 1769] Europe European stock markets are poised for a higher opening on Thursday, with investors looking forward to the U.K.'s fourth-quarter growth data and ongoing corporate earnings reports. Market data indicates an uptick in major indices, with the FTSE 100, DAX, CAC, and Italy's MIB all expected to open with gains. MARKET INSIGHTS US Inflation Rate Surprises To The Upside: Dollar Rallies It was supposed to be another benign inflation report according to economist estimates, potentially paving the way for the Federal Reserve to initiate rate cuts in the first half of the year. Instead, the January figures have surprised investors to the upside, now pushing further ahead the start of policy easing in the United States. [Read more](113/cXx8Z04/VWcMn48H0HlXW2Sjgy37BDxj1W7HlLKX59xvs7N72QTZx2-ZVTW5BW0B06lZ3kRW6Dw8yd5Y6NrcW1MxbCk2rJWFNW2lPRfP7H5lDnW22kTTg2mx7CHW5b3C5M7scchhW4y3bCZ8zb4NCW1wwLZr1QL8MPW7JxKm66GFbfdN1Q6wRStfhw8V3zkb78kD9rtW5Pp_Fp5b1gxkW4ZSWkP1kKG3KW3K-GQN4gXVRMW3Ml3jy6kVsycW6WK9m39j3QG8W5TpcvR2jPLDfW1qRHFN87FJ0fN1KkyBy5Kmylf8vV7Wx04) 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. [flowbank-logo-2022-green-3] [Facebook](113/cXx8Z04/VWcMn48H0HlXW2Sjgy37BDxj1W7HlLKX59xvs7N72QTZx2-ZVTW5BW0B06lZ3plMMPk0_cz4TlW4dX5Sb1nVRzRN7MTWCM9NKGqW8R9Gcv1WTxNZW2HRhrV7P2D7dVjFXNz1_7Qd0W4jNX105wZ3GhW5m2M2T9czGS8W5zf5df71SC5_W1bcnGH3Bs_fnW34K0Jv26Xx3CW7LCTSj3KlN1sW1HkFGF30RrwWW5z7Dk-7ShFQYW8WzzVL1pgJDzW6Wx7TY1TP5-BW6x-25z5BSh9RW42wVPS43YsG5f5VH88004)
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