Benzinga Bulls And Bears: Nvidia, Tesla, MicroStrategy, Plug Power — And Crypto Traders Anticipate Dogecoin Topping 50 Cents
Benzinga examined the prospects for many investors’ favorite stocks over the last week — here’s a look at some of our top stories.
Both the S&P 500 and Dow broke their six-week winning streaks, with the S&P 500 down nearly 1% and the Dow falling 2.7% for the week. Meanwhile, the Nasdaq marked its seventh consecutive weekly gain, rising 0.2% and reaching an all-time high, driven by strong performances from megacap tech stocks.
With the presidential election approaching, investor caution has led to a broadly flat week on Wall Street, as concerns over fiscal policies and potential trade disruptions linger.
Rising Treasury yields signaled market expectations of fiscal challenges for the next administration, regardless of the election outcome.
Benzinga provides daily reports on the stocks most popular with investors. Here are a few of this past week’s most bullish and bearish posts that are worth another look.
The Bulls
“Nvidia’s New Free, Open Source AI Model Reportedly Outperforms OpenAI’s GPT-4o, Anthropic’s Claude 3.5 Sonnet,” by Ananya Gairola, details how Nvidia Corp. (NASDAQ:NVDA) launched Llama-3.1-Nemotron-70B-Instruct, a free open-source AI model that surpassed competitors in key benchmarks, reflecting a strategic shift towards AI software …
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