The yield on the benchmark 10-year Treasury note fell below 2% for the first time since November 2016 on Wednesday — breaching a key psychological level.Bondsread more
The Fed came very close to promising a rate cut Wednesday, and now markets are focused on a possible July rate cut.Market Insiderread more
Markets had expected the central bank to keep its benchmark interest rate steady while setting up a cut at the July meeting.The Fedread more
Powell said policymakers are concerned about some of the recent economic developments and see a growing case for easier policy.The Fedread more
Amazon and Blue Origin founder Jeff Bezos gave more insight into his space company's lunar plans on Wednesday.Technologyread more
As the presidents of U.S. and China near a highly anticipated meeting on trade, the gap in both sides' expectations regarding a deal remains wide.World Politicsread more
Delta warned travelers that a technical problem could delay flights on Wednesday.Airlinesread more
The Fed chief said that despite reports that Trump was looking to demote or fire him, he doesn't plan on leaving anytime soon.The Fedread more
If the Trump administration and Congress fail to reach a spending agreement, the White House will offer to keep the government funded at its current levels for a year, Mnuchin...Politicsread more
With bold and targeted steps, economists say, government can increase opportunity and incomes for many more people in ways that strengthen, not weaken, American capitalism.Politicsread more
Investors need to be cautious because the economy will get hurt the longer the trade war drags on, Jim Cramer says.Mad Money with Jim Cramerread more
Nvidia, the best-performing stock over the past year, will thrive from the artificial intelligence technology trend, according to one Wall Street analyst.
Jefferies reiterated its buy rating for Nvidia shares, predicting the chipmaker will report profits above expectations in fiscal 2019, which begins in February.
Nvidia's graphics processing chips have become popular with gaming, and its Volta chip is proving to be popular with AI applications, something that will "translate to upside surprises over the next 18-24 months," semiconductor analyst Mark Lipacis wrote in a note to clients Monday. "Nvidia remains a top pick."
Nvidia shares declined slightly shortly after Monday's market open.
The company introduced its Volta line of artificial intelligence processors on May 10.
Its stock is up 192 percent in the past 12 months through Friday compared with the S&P 500's 20 percent gain. That is the best performance in the entire S&P 500, according to FactSet.
Lipacis raised his price target for Nvidia shares to $230 from $180. The new target is 17 percent above Friday's closing price.
The analyst predicts the company will eventually capture 80 percent of the artificial intelligence chip market's profit pool. He noted the technology business histories of Apple and Microsoft. Those two companies were able to obtain the vast majority of industry profits during the rise of smartphones and PCs, respectively.
Lipacis forecasts Nvidia fiscal 2019 earnings-per-share of $4.12 versus the Wall Street consensus of $4.00.