NVIDIA Stock To $200
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13hon MSN
When it comes to performance, Chinese internet stocks aren’t just keeping up, they are outperforming their U.S. counterparts.
Asian equities had a good day as Thailand, Indonesia, and Pakistan outperformed, while India posted a small loss.
One analyst boosted his price target on Nvidia’s stock to a level that would imply a $5.7 trillion market cap, with the chip maker seemingly cleared to sell its H20 chip in China again.
Coupled with the coffee chain’s “questionable strategic priorities,” such as a lack of a focus on cold beverages and drive-through outlets—on which much of the industry is focused—Starbucks has “no clear signs of better fundamentals yet,” the analysts argued.
China’s corporate earnings growth likely slowed or was stagnant in the second quarter as the US ratcheted up trade tariffs, signaling that the latest results season may not offer much in terms of good news for stock investors.
Despite a tepid June, both the LBMA Gold Price PM in USD and the Shanghai Benchmark Gold Price PM in RMB saw their strongest H1 performances for nine years.
China's smartphone market contracted in the second quarter after six straight quarters of growth, with shipments declining at four of the top five brands due to weaker consumer demand, IDC data showed on Tuesday.
Bridgewater Associates is more bullish on Chinese stocks after government stimulus in response to US tariffs helped boost its onshore China fund by 14% in the first half of the year.
Long before President Trump wielded tariffs as a weapon to punish Indonesia, the country was fighting back a flood of cheap Chinese goods.
VW Group China boss Ralf Brandstätter says he's willing to sacrifice market share during the price war to protect the equity of his company's car brands.