Nvidia’s Win and China’s Warning

Since last week:

Earnings came out this week, and much of the market was propped up by a single, massive win. 

Nvidia’s Win and China’s Warning

1. Nvidia’s Win

Nvidia was the darling of market publications this week thanks for its earnings going above and beyond expectations. The company is basically the biggest name in artificial intelligence right now because of its chipmaking business. This shows that AI is only going to skyrocket, and you want to get in on an investment that will soar because of the demand. 

2. China’s Warning 

China’s economy has been struggling ever since its COVID reopening disappointed. Now analysts worry that may ripple out into the wider global economy, and hurt recovery in other parts of the world. If this plays out the way many think it will, you will need a strategy for adjusting your portfolio accordingly. 

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3. Americans Want Nuclear

More Americans are in favor of nuclear power, according to recent polling done by the Pew Research Center. The percent of Americans in favor of the technology is now 57%. Currently, there are 93 reactors in operation in the US generating 18% of electricity. Between climate change goals and increasing acceptance of nuclear power, those numbers are only likely to climb over the coming decades. That’s a good thing for uranium demand. 

4. Crypto Returns

Crypto recently recovered some lost ground when it rallied alongside the markets. It rose nearly 5%, coming just shy of $26,800. These are the kinds of ups and downs crypto traders are used to, and if you want to stay on top of the kind of news that helps you navigate them, you can do that with the right expertise. 

What to Look For:

Chairman Powell spoke at Jackson Hole and reiterated that interest rates may need to keep rising. Only time will tell if that actually happens.

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Ryan Stancil

Ryan Stancil
Editor, Daily Profit Cycle