Nvidia Could Be Reversing📱GRFS LOT 📈 EDU MRVL 📉

FlowBank's hand-curated fresh financial news [header_noDither] Nvidia's Friday Reversal On Friday, the stock market hinted at a pause in its rally, underscored by Nvidia's sharp reversal from a 5% gain to a 5% loss within hours, showcasing what a momentum unwind might look like. Despite the S&P 500 reaching new highs and positive economic indicators, this day's trading suggests a moment of revaluation for investors, amidst a backdrop of record market valuations and enthusiastic trading in AI and semiconductor stocks. WHAT'S MOVING [Group 1742 (44)-1] [Start Trading](113/cXx8Z04/VW6jtT5K5Z32W4ZBTSN1xZ0y2W4sKGqD5bx3QYN1h3yqT2-ZVTW6N1vHY6lZ3kCW7lc8PF3TF3NhW7R8C7Q1SSg8CW7B1yPl1Q95vMW21YX1m5_zCWDW3JW8Ss1MqfjcW7tC29n2k3-s0VYwn_l2jm4-XW5gnx2t4SYl8xW4r3fVP4HsyJQW6c6Jj94j2YXCW3drR0S6wR_W7W1R_Ml68W3-vyW82Z5F786fc7kW57d0N23qzDYQVm-mYd20w_5CVGbP5S1cYDdCW950jvk97cxWfW6Ypq0G27L-nkW2zp10h5zbGYJW1hvp321b4hNQW8xYM6d8q1k3-W7yh1Cd2-xvYgf3_48xM04) [Group 1752 (35)] Pfizer Pfizer is shifting its focus to cancer drugs, betting on its combined pipeline with Seagen to deliver at least eight blockbusters by 2030, amid a bid to recover from a steep decline in its COVID business and bolster investor confidence. [Group 3 (44)-1] Walmart Walmart's use of generative AI in its app search is positioning the retailer as a strong competitor to Google by providing streamlined shopping experiences, signalling a shift in how online searches and shopping might evolve with AI technology across the retail industry. [Group 1750 (44)] Aramco Aramco's profits fell 25% to $121.3 billion in 2023 from $161.1 billion in 2022, with revenue dropping 17% to $440.88 billion and free cash flow to $101.2 billion. Despite this, dividends increased, and the company focuses on gas production and chemicals, halting an oil capacity expansion plan. WHAT'S COMING UP? EUR: Eurogroup Meetings USD: NY Fed 1-Year Consumer Inflation Expectations: Prev. 3.00% GBP: BoE MPC Member Mann USD: 3-Year Note Auction: Prev. 4.169% IN OTHER NEWS Wall Street U.S. stock futures declined on Monday, following the Dow Jones Industrial Average's toughest week since October, as investors anticipate upcoming inflation data. Dow futures dropped 74 points (0.19%), while S&P 500 and Nasdaq 100 futures fell by 0.21% and 0.34%, respectively. [Group 1769] Europe & Asia-Pacific European markets are set to open lower, influenced by overnight losses in Asia-Pacific markets. Japan's stocks experienced significant declines after the country dodged a technical recession, raising expectations for a central bank rate hike, amidst evaluations of China's inflation data. MARKET INSIGHTS Rivian's Strategic Drive: Financial Implications of Its Latest EV Rivian has announced significant updates to its 2024 R1T and R1S models and unveiled plans for the new R1X and the R2 platform. These strategic moves highlight Rivian's ongoing commitment to innovation and market expansion, with potential long-term financial implications for the company and its investors. The 2024 updates aim to enhance user experience and vehicle functionality, which could increase Rivian's competitiveness in the electric vehicle (EV) market. 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