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- 📈 NVDA's In Limbo
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Good Morning!
First up, Nvidia's playing a game of financial limbo, dropping a not-so-cool 10% from its record high. It's got us all wondering, is this chip giant losing its grip, or just taking a breather? 🤔💻 Then, in the fast lane, Tesla's stock leaped an impressive 5% after Elon Musk dropped hints about a Robotaxi reveal. Is it just Musk being Musk, or are we about to hitch a ride into the future?
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From our partners
Markets
Stock Index Futures Tread Water as Investors Brace for U.S. Inflation Data (5 minute read)
June's S&P 500 E-Mini futures are tiptoeing up by a tiny +0.05%, while their buddies, the June Nasdaq 100 E-Mini futures, are showing off with a +0.10% hop. This comes after a bit of a mix-up in the regular session across the major U.S. indices, where investors seemed to be playing a waiting game for Wednesday’s big reveal - the U.S. inflation report.
Investing
2 Cryptocurrencies Other Than Bitcoin to Buy Ahead of the Halving (5 minute read)
Looks like Solana and Ethereum are like Bitcoin's shadow - wherever Bitcoin goes, they're likely to follow, especially with the Bitcoin halving event coming up. These two are the cool kids on the block(chain), catching the eye of the big-money institutional investors. That means we could see a steady stream of buying frenzy for both Solana and Ethereum. Plus, they're not just one-trick ponies; these diversified blockchain networks have a comfy seat at the table of mainstream crypto adoption. So, keep an eye out, because when Bitcoin makes a move, these two might just dance along!
Nvidia Stock Drops 10% from Record High. Is the Chip Giant Losing Its Grip? (2 minute read)
Nvidia's stock had a bit of a whoopsie-daisy on Tuesday, slipping down 2% to close the day at $853.38 per share. Seems like the chip giant's been going through a bit of a rough patch lately. Over the past couple of weeks, Nvidia's valuation has been feeling the pinch, with about $200 billion, or a hefty 10%, vanishing into thin air. Talk about a costly couple of weeks!
Tesla Stock Jumps 5% After Musk Teases Robotaxi Unveiling on August 8 (2 minute read)
Monday brought some sunshine to Tesla's stocks! After a first quarter that had investors biting their nails, the electric car superstar revved up by 5%. This boost in investor spirits came hot on the heels of CEO Elon Musk waving the flag for a new vehicle joining Tesla's cool lineup. It seems like they're trying to hit the rewind button on their recent losses.
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P.S: If you're interested in crypto and web3 - check out our new newsletter, The Crypto Journal!
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