Nvidia decline and expectations of interest rate hikes following inflation data
NVDA NVIDIA Corp
$168.89 -5.47%
View chart & analysis → - 1Nvidia fell 5.5% as allegations regarding CEO Jensen Huang's affair impacted the stock price.
- 2Following the announcement of a 0.4% month-over-month increase in the October Consumer Price Index, the CME FedWatch Tool showed a 90% probability of a 0.25 percentage point interest rate hike next month.
- 3TSMC's board approved an investment limit of up to $1 billion related to AI companies Anthropic and OpenAI.
So what's the key point?
Nvidia's stock price dropped 5.5% due to personal issues involving the CEO. As inflation rose, the likelihood of an interest rate hike next month became very high.
Source CNBC · View original ↗
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