Nvidia surges post-earnings, but Qualcomm shares the spotlight | MarketTalk: What’s up today? | Swissquote

Show notes

Hawkish FOMC minutes sent the US yields high and stock indices lower yesterday. Happily, Nvidia announced another set of strong quarterly results and forecasts. The shares popped 6% in the afterhours trading – a bit less than 8% expected.
Qualcomm, on the other hand, extended gains past $200 per share as they will power Microsoft’s and Dell’s AI-focused computers.
In the FX, the US dollar gained on hawkish Fed minutes but sterling gained more after the British PMI Sunak announced a general election on 4th of July, waning expectations of seeing the Bank of England (BoE) cut rates in June.
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