Fed Decision at 2 p.m. ET, Then Alphabet and Microsoft Earnings
Chip stocks climbed after SK Hynix reported record quarterly profit as investors awaited the Federal Reserve decision and Big Tech earnings.
9 Articles
9 Articles
In addition to the US Federal Reserve's interest rate decision, the markets expect the quarterly figures of two "Magnificent Seven" companies. Chip values benefit from good news from South Korea.
Futures Rise As Hynix-Fueled Memory Mania Revives AI Trade Ahead Of Fed, Big Tech; Oil Jumps
Futures Rise As Hynix-Fueled Memory Mania Revives AI Trade Ahead Of Fed, Big Tech; Oil Jumps US futures are higher, if only in Nasdaq terms, as a memory-chip frenzy sparked by SK Hynix's blowout results revives the AI trade ahead of today's Fed decision and tonight's Alphabet and Microsoft earnings, while oil jumps after the WSJ reported the US told Gulf allies to prepare for a short, intense military campaign against Iran after the midterms; as…
The recent recovery of AI shares is facing a decisive test of hardness. After the sale of AI and chip shares, the mood on Wall Street has brightened again since Monday. Strong quarterly figures from South Korean storage chip manufacturer SK Hynix give the upward movement additional tailwind on Wednesday. But now the focus is on Microsoft and alphabet, which are based on [...] The post Microsoft, Alphabet: Quarterly figures decide on AI recovery …
Coverage Details
Bias Distribution
- 60% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium
