NVDA- 

Nvidia reported better-than-expected revenue and earnings results after the bell on Wednesday.

The chipmaker also guided for second-quarter revenue of $11 billion, plus or minus 2%, which was well above even the highest analyst forecasts. The consensus estimate for Nvidia’s top-line number next quarter was just $7.15 billion.

“A…

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Dow futures slipped Wednesday night after Fitch Ratings placed the United States’ AAA rating on a negative rating watch.

Fitch Ratings put the U.S.′ AAA long-term foreign-currency issuer default rating on a negative watch. The rating agency said the ongoing debt ceiling negotiations have raised the risks that the government could miss payments…

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Todays Downgrades

• Dish (DISH) downgraded by Citi from Buy to Neutral
• Schindler (SHLAF) downgraded by BofA from Buy to Underperform
• Orient Overseas (OROVF) downgraded by HSBC from Hold to Reduce
• XPeng (XPEV) downgraded by Barclays from Equal Weight to Underweight
• Aroundtown (AANNF) downgraded by Baader Helvea from Buy to Add
• Land…

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Todays 

Upgrades

• Canon (CAJ) upgraded by BofA from Neutral to Buy
• Dorian LPG (LPG) upgraded by Evercore ISI from In Line to Outperform
• CaixaBank (CAIXY) upgraded by Jefferies from Hold to Buy
• Futu Holdings (FUTU) upgraded by Credit Suisse from Neutral to Outperform
• Fortum (FOJCY) upgraded by Kepler Cheuvreux from Hold to Buy
• Ford (F) upgraded by…

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Perhaps AI can come up with a solution to the political deadlock over the debt ceiling. It definitely has the answer when it comes to lifting the stock market. 

Nvidia’s blowout revenue guidance, driven by demand for its AI chips, has sparked a rally among stocks exposed to the technology. In fact, such is the strength of a handful of tech… Read more