Nvidia | Nvidia crash: Not economic slowdown, semiconductor unwinding triggered by monopoly probe against Nvidia: ED Yardeni

Nvidia | Nvidia crash: Not economic slowdown, semiconductor unwinding triggered by monopoly probe against Nvidia: ED Yardeni

ED Yardeni of Yardeni Research, Inc, says the Nvidia-led tech selloff in the US was not due to slowdown fears but rather news about an impending monopoly probe against the AI powerhouse. Yardeni doesn’t think the economy is slowing. He says, it is just normalising and coming back to the pre-pandemic normal. The unemployment rate … Read more

EPS: EPS downgrades exceed upgrades in 3 months

EPS: EPS downgrades exceed upgrades in 3 months

Mumbai: The earnings upgrade-to-downgrade ratio has weakened over the past three months, with 251 companies in the Nifty 500 universe experiencing downgrades for FY24, compared with 152 upgrades, Bloomberg data showed. Among the Nifty 50 companies, 30 experienced downgrades, while 19 underwent upgrades in this period. A Bloomberg earnings upgrade or downgrade is the consensus … Read more