PRODUCT OF THE YEAR Why Nvidia's Blackwell chip is leading the AI revolution Taiwan - Delayed Quote • TWD (062198.TW) Follow Compare 0.8400 -0.1700 (-16.83%) At close: 9:03:36 AM GMT+8 Related News Nvidia is on a collision course with a $5 trillion valuation: Analyst If Nvidia were an all-night party, this would be 10 p.m., argues Wedbush analyst Dan Ives. Big Tech is dominating the market once again — and that's probably just fine: Morning Brief December is shaping up to be a tale of two markets. Fed decision, Micron earnings, housing data: What to Watch Hosts Julie Hyman and Josh Lipton detail the top market news to watch for tomorrow, Wednesday, December 18. Investors are focused on the Federal Reserve as the Federal Open Market Committee (FOMC) Meeting concludes tomorrow. The central bank is set to announce its interest rate decision at 2 p.m. ET, and market participants are expecting a potential 25-basis-point cut to interest rates. On the earnings front, Wall Street will scrutinize quarterly reports from Micron Technology (MU), Lennar (LEN), General Mills (GIS), and Birkenstock (BIRK). Additionally, monthly Housing Starts and Building Permits data will provide crucial insights into the current state of the housing market. To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime here. This post was written by Angel Smith Nvidia stock slides amid AI spending slowdown fears, increased competition Nvidia stock sank more than 2% early Tuesday, putting the AI chipmaker down 14% from its record high closing price of $148.88 in early November. Broadcom stock eases on post-earnings rally as Nvidia tumbles Broadcom (AVGO) is letting up some of its post-earnings steam, though the AI chip stock is still up by 34% over the past five trading day's and 42% over the past month. The Morning Brief's Seana Smith and Brad Smith compare Broadcom's trading patterns as of late with that of Nvidia's (NVDA), as the latter slips further from its all-time high from November 7 and enters correction territory this week. To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. This post was written by Luke Carberry Mogan. Nissan-Honda merger would not bring quick fixes, S&P says While the potential deal would result in a $54 billion automotive company, the world's third largest, any benefits for its credit outlook would come with a delay, they wrote in a research note. "We ... believe it will be difficult for them to produce significant effects quickly through expanding the scope of their collaboration to include batteries, software, and autonomous driving," S&P analysts said, but added the eventual impact on their creditworthiness would be significant. A merger would likely have a negative impact Honda's standalone credit outlook, while it should positively affect that of Nissan, they added. Rezolve Ai Announces $49 Million Equity Conversion by Leading Investors Equity conversion strengthens financial position and accelerates global expansion in the $30 trillion retail market.NEW YORK, Dec. 18, 2024 (GLOBE NEWSWIRE) -- Rezolve Ai (NASDAQ: RZLV), a global leader in AI-driven retail innovation, and its leading investors have entered into a series of transactions agreeing to the conversion of $49 million of the outstanding convertible loan note into equity. The debt subject to conversion was issued pursuant to the secured convertible loan note instrument d General Mills Beats On Q2 Earnings, Stock Slumps On Lackluster Outlook General Mills, Inc. (NYSE:GIS) shares are trading lower in the premarket session on Wednesday. The company reported second-quarter adjusted earnings per share of $1.40, beating the street view of $1.22. Quarterly sales of $5.24 billion beat the analyst consensus estimate of $5.14 billion. Quarterly sales were up 2%, driven by higher pound volume, while organic net sales increased 1%. Gross margin was up 250 basis points to 36.9%, driven primarily by Holistic Margin Management cost savings and fa Jabil tops first-quarter estimates on data center infrastructure demand Electronic components maker Jabil beat first-quarter profit and revenue estimates on Wednesday, driven by increased demand for data center infrastructure. Shares of the company were up 10% in premarket trading. Jabil, a key supplier to Apple, makes electronic components, including circuit board assemblies and systems for automotive, cloud services, commercial drones, trucks and buses. General Mills Lowers Profit Outlook on Price Cuts (Bloomberg) -- Cheerios maker General Mills Inc. lowered its profit outlook for fiscal 2025 in order to invest in price reductions to drive sales.Most Read from BloombergHow California Sees the World, and ItselfThe company now expects adjusted earnings per share to range between a decline of 3% to 1%, compared with a previous range of down 1% to up 1%.The shares fell 6% before the start of regular trading on Wednesday in New York. The stock had risen 1.2% so far this year through Tuesday’s close Toyota Motors: Facing Challenges, but Strong EV Future Ahead Toyota's electrification progress is notable, but short-term challenges remain Jabil: Fiscal Q1 Earnings Snapshot The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.87 per share. The electronics manufacturer posted revenue of $6.99 billion in the period, also beating Street forecasts. Three analysts surveyed by Zacks expected $6.6 billion. Is Jabil Inc. (NYSE:JBL) Trading At A 49% Discount? Key Insights Using the 2 Stage Free Cash Flow to Equity, Jabil fair value estimate is US$265 Current share price of... 5 Things to Know Before the Stock Market Opens News of the day for Dec. 18, 2024 Jabil Posts Strong First Quarter Results ST. PETERSBURG, Fla., December 18, 2024--Today, Jabil Inc. (NYSE: JBL), reported preliminary, unaudited financial results for its first quarter of fiscal year 2025. General Mills Stock Falls as Earnings Outlook Is Lowered General Mills stock tumbled in premarket trading Wednesday after the packaged-food company reported better-than-expected fiscal second-quarter earnings but lowered its fiscal-year outlook. General Mills reported net sales of $5.2 billion for the quarter ended Nov. 24, a 2% increase from the prior year and narrowly beating the FactSet consensus estimate of 5.1 billion. Shares of the company fell 3.7% to $63.50, however, after General Mills slashed its guidance for the fiscal year, citing “an uncertain macroeconomic backdrop for consumers across its core markets.” Corvus Pharmaceuticals Announces Interim Data from Placebo-Controlled Phase 1 Clinical Trial of Soquelitinib for Atopic Dermatitis Data from lowest dose level cohorts demonstrate a favorable safety and efficacy profile Data includes complete results from cohort 1 and initial results from cohort 2 Early exercise of common stock warrants from stockholder generates cash proceeds of approximately $12.7 million Company to host conference call and webcast today at 8:00 a.m. ET / 5:00 a.m. PT BURLINGAME, Calif., Dec. 18, 2024 (GLOBE NEWSWIRE) -- Corvus Pharmaceuticals, Inc. (NASDAQ: CRVS), a clinical-stage biopharmaceutical compan Cognition Therapeutics Announces Positive Results in Phase 2 Study of CT1812 in Dementia with Lewy Bodies - Improvements Across Measures of Behavior, Function, Cognition and Movement - - Expediting Plans to Advance CT1812 into Late-Stage Trials - - Full Results to be Presented at International Lewy Body Dementia Conference (ILBDC) - - Cognition Therapeutics and Dr. Galvin, a Principal Investigator, Will Host a Conference Call at 8am ET on December 18 to Review the Topline Data - PURCHASE, N.Y., Dec. 18, 2024 (GLOBE NEWSWIRE) -- Cognition Therapeutics, Inc. (NASDAQ: CGTX), a clinical-stage company de Nvidia Stock Rises After Slump. Don’t Call It a Comeback Yet. The chip maker's shares have tumbled 12% since early November as a number of factors have sparked concerns among investors. General Mills cuts annual profit forecast on higher promotions, lower prices (Reuters) -General Mills slashed its annual profit forecast on Wednesday as the Cheerios maker ramped up investments in promotions to attract cost-conscious consumers, sending shares down about 4% in premarket trading. The company said it was significantly increasing media investment in the third quarter for its Pillsbury brand to attract customers in the key baking season, leading to higher selling, general, and administrative expenses. "Its (General Mills') investments in brand marketing are necessary to sustain the long-term growth of its brands, but this will also have a negative impact on margins in the short term," Blake Droesch, analyst with eMarketer said.