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👋 Hey AI, find important news and potential impact on stock prices.
🫡 Here are some must-read news today that may have stock influences.
finance.yahoo.com
BullishShortTermNVDA
NVIDIA (NVDA) Launches China-Specific Chip Amid US Restrictions
- NVIDIA has launched a China-specific version of its gaming chip, RTX 4090D, which complies with US export restrictions.
- The China-specific chip has approximately 10% fewer processing cores than the regular RTX 4090.
- This move is aimed at boosting NVIDIA's sales in China despite US trade restrictions.
investing.com
BullishLongTermNVDA
Citi bullish on Xiaomi after Chinese smartphone maker unveils SU7 EV By Investing.com
- Citi Research reiterated a Buy rating on Xiaomi with a 12-month price target of HK$19.60.
- Xiaomi unveiled its EV technology and conducted a soft launch of its first vehicle, the SU7.
- The SU7/SU7 Max features impressive specs, advanced technology, and is likely to be positioned in the high-end performance segment.
benzinga.com
BearishShortTermCOIN
Accenture, Lyft And 2 Other Stocks Insiders Are Selling - Accenture (NYSE:ACN), Coinbase Glb (NASDAQ:COIN)
- Coinbase Global director Frederick Ernest Ehrsam III sold over 100,000 shares of COIN stock.
- Coinbase recently announced the introduction of nonUS spot markets.
- The insider sales should not be taken as the only indicator for making investment decisions.
benzinga.com
BullishShortTermUBER
Uber, Honeywell And Other Industrials Stocks From Wall Street's Most Accurate Analysts - Honeywell Intl (NASDAQ:HON), Caterpillar (NYSE:CAT)
- Oppenheimer analyst maintained an Outperform rating and raised UBER's price target to $75.
- Roth MKM analyst maintained a Buy rating but increased the price target to $62 for UBER.
- Tesla and Uber formed a partnership to offer discounted electric cars to Uber drivers.
finance.yahoo.com
BearishShortTermNVDA
2 Overheated Stocks That Could Tumble in 2024
- Nvidia's days of absolute dominance in the AI accelerator market won't last, as competitors like AMD provide viable alternatives.
- Apple's growth story has stagnated, with revenue slipping and the lack of a clear catalyst for growth.
- Both Nvidia and Apple have high valuations and face potential challenges in 2024.
seekingalpha.com
BearishShortTermS&P 500
SPE: Distribution Set To Increase In 2024 (NYSE:SPE)
- The Special Opportunities Fund (SPE) cut its distribution in early 2023 as predicted.
- The fund's distribution for 2024 is estimated to increase to $1.14 per year.
- The SPE fund has reduced its allocation to SPACs and increased its allocation to money market funds.
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