Wall Street Rebounds Without Its AI Darling’s Boost, King Dollar Maintains Dominance While Bitcoin Defies Gravity: This Week In The Markets
Despite widespread anticipation that NVIDIA Corp. (NASDAQ:NVDA)’s quarterly results would dictate Wall Street’s year-end trajectory, the stock market delivered a robust weekly rebound — even in the absence of its AI darling.
While the semiconductor titan beat analyst expectations on both earnings and revenue for the third quarter, Nvidia’s stock remained flat for the week.
Alphabet Inc. (NASDAQ:GOOGL)(NASDAQ:GOOG), the parent company of Google, faced sharp turbulence. Shares tumbled after the U.S. Department of Justice called for the divestiture of Chrome in a bid to curb Google’s dominance in search and digital advertising.
The sell-off wiped out over $120 billion in market capitalization on Thursday alone.
A recent Benzinga poll indicates 64% of respondents oppose breaking up Alphabet, with …
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