$NVDA NEWS Nvidia's slide continues as stock tumbles over 10% from recent record • USD WELSPUN CORP LTD (WELCORP6.BO) Follow Compare - - (-) Related News Stock market today: Dow, S&P 500, Nasdaq slide as Fed kicks off two-day policy meeting The Fed meeting kicks off with investors on alert for clues to the path of rates after the widely expected December cut. Investors' allocation to US stocks hits record high amid 'super-bullish sentiment': BofA survey Increased optimism about growth in the US economy and new policies from the Trump administration have investors growing increasingly bullish on US stocks heading into 2025. Waymo goes international: Alphabet-owned robotaxi coming to Tokyo Waymo, the robotaxi company owned by Alphabet (GOOG, GOOGL), is set to partner with Japan's largest taxi operator Nihon Kotsu and a taxi-hailing app GO in Tokyo in early 2025. Waymo is also looking to expand domestically in Miami sometime in 2026. Catalysts Co-hosts Seana Smith and Madison Mills discuss the announcement and what it means for Waymo and Alphabet. General Motors (GM) is also set to scrap Cruise, its autonomous driving business, and integrate it into its other units. To watch more expert insights and analysis on the latest market action, check out more Catalysts here. This post was written by Naomi Buchanan. Pfizer issues 2025 outlook in-line with Wall Street, shares rise Pfizer's (PFE) stock moved higher in Tuesday's pre-market trading after the pharmaceutical giant issued an upbeat full-year outlook for 2025. The company projected annual sales between $61 billion and $64 billion, with earnings per share estimates at $2.80 to $3 — both metrics coming in line with Wall Street projections. Additionally, the company reaffirmed its 2024 full-year guidance, estimating earnings per share between $2.75 and $2.95. Morning Brief anchors Seana Smith and Brad Smith break down the details and weigh in on the company's outlook on PBM (pharmacy benefit manager) reform. To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. This post was written by Angel Smith Is the GM stock rally just beginning? Bank of America's John Murphy stops by to discuss why it's good to be GM right now and for the foreseeable future. GM has secured the Yahoo Finance Surprise of the Year award. GM stock surged in 2024. CEO Mary Barra says this is why. General Motors (GM) was named Yahoo Finance's 2024 Surprise of the Year. The automaker's stock is up more than 40% in a year in which rivals Ford (F) and Stellantis (STLA) saw their share prices fall by double-digit percentages. GM CEO Mary Barra credits the company's portfolio of vehicles, telling Yahoo Finance Executive Editor Brian Sozzi, "We have the strongest internal combustion engine portfolio we've had in a long time. And this, for General Motors, was the year of EVs. The portfolio of EVs that we have that cover the different segments, from luxury to value, really has given consumers choice between ICE and EV and I think that's what's fueling our profitability." Looking ahead, Barra wants to work on scaling the EV business because "scale is going to be so important to drive to profitability." She also acknowledged that "difficult decisions" were made in order to set GM up for success, including exiting the robotaxi business and absorbing the Cruise unit into the division developing fully autonomous personal vehicles. On GM's plan to make only electric vehicles by 2035, Barra says it will ultimately be up to what the consumer wants. "We're going to be guided by the consumer. We want to give the consumer choice. What do they want to drive? We don't want to get into a situation where regulations are driving us to force something into the market that's not what they want." Watch the video above to hear what Barra has to say about the possibility of more tariffs on the horizon. For more expert insight and the latest market action, click here This post was written by Stephanie Mikulich. Tech rally, economic outputs, 2025 Fed cuts: Market Takeaways In one eventful trading day, bitcoin (BTC-USD) soared above $107,000 and the Nasdaq Composite (^IXIC) closed the day 1.24% higher to mark a new record high. Yahoo Finance markets reporter Josh Schafer joins Asking for a Trend to look back on Monday's trading trends and ahead to what markets may be eyeing this week, including the ongoing tech rally from select Magnificent Seven standouts, US economic output data points, and the latest economic and interest rate projections for 2025 as the Federal Reserve meets this week for its final policy meeting of the year. To watch more expert insights and analysis on the latest market action, check out more Asking for a Trend here. This post was written by Luke Carberry Mogan. Mag 7 stocks serve as defensive plays in 2025: Citi strategist 2024 has been "one big valuation surprise" that has been "dominated by the [Magnificent] Seven megacap growth cohort," Citi head of US equity strategy Scott Chonert tells Julie Hyman and Josh Lipton on Market Domination. The strategist says not only does the Magnificent Seven group, made up of Nvidia (NVDA), Alphabet (GOOG, GOOGL), Tesla (TSLA), Microsoft (MSFT), Amazon (AMZN), Meta Platforms (META), and Apple (AAPL), has more room to run in 2025, the stocks could actually function as a defensive play amid market uncertainty. "We're thinking the Mag Seven actually unfold as a quasi staple," Chronert says, explaining, "Usually you go to [consumer] staples when you have uncertain economic conditions because of the persistence of earnings growth." "The Mag Seven, we think, that forward-looking earnings growth for certainly for [2025] and probably into [2026] is fairly visible. So all told, when you get concerned about other things at work in the market and the economy, the Mag Seven actually have this potential to be a quote, defensive if you will." The strategist highlights the phrase "growth is defensive," saying, "That's what's going on here." He notes, "These companies probably can't just live on meeting expectations. They need to continue to meet beat and then probably raise forward expectations as well" to maintain their "defensive" status. To watch more expert insights and analysis on the latest market action, check out more Market Domination here. This post was written by Naomi Buchanan. Nvidia Partners With Verizon to Build Scalable AI-Driven Private 5G Platform Nvidia and Verizon team up to deliver AI-driven 5G private networks for advanced enterprise applications China Tightens Grip: Nvidia's Mellanox Deal Under Review, Synopsys-Ansys Delayed China ramps up antitrust reviews, targeting Nvidia's Mellanox deal and delaying Synopsys-Ansys approval Positive Test Results Reported for Teva-Sanofi Drug for Ulcerative Colitis, Crohn's Teva Pharmaceuticals and Sanofi announced positive results in a Phase 2b trial of their drug for ulcerative colitis and Crohn's disease. SolarEdge Poised For Growth Amid Cost Cuts, While Canadian Solar Faces US Policy Headwinds: Goldman Sachs Goldman Sachs analyst Brian Lee revised ratings for key residential solar stocks. The analyst notes there is a disconnect between the mid-to-long-term fundamentals and valuations for solar/storage equities heading into 2025. Solar equities appear to be overpricing risks tied to policy uncertainty, even though secular growth drivers, such as U.S. power demand and pricing, remain strong. SEDG: The analyst upgraded SolarEdge Technologies, Inc. (NASDAQ:SEDG) rating to Buy from Sell and raised the pr Verizon Teams Up With Nvidia To Power AI Apps Over Private 5G Networks On Tuesday, Verizon Communications Inc (NYSE:VZ) announced a new solution developed with Nvidia Corp (NASDAQ:NVDA) that enables a wide range of AI applications to run over Verizon’s reliable 5G private network with private Mobile Edge Compute (MEC). The new AI-powered private 5G platform stack is an infrastructure developed by Verizon and Nvidia that is designed to plug and play, helping third-party developers innovate while accommodating future evolutions in AI computing and various AI and conn Magnificent Seven Stocks: Nvidia Stock Slashes Losses; Tesla Rallies To New Highs Nvidia stock slashed heavy losses Tuesday, while Tesla rallied to more record highs. Apple and Google also hit new highs. The Dow drops 245 points as it heads for its longest losing streak in decades The Dow Jones Industrial Average fell almost 250 points on Tuesday in what could be its longest losing streak since the 1970s. British borrowing costs surge after wage shock The cost of UK government borrowing is on track to reach its highest level in 34 years when compared to Germany, after doubts emerged about how fast the Bank of England could cut interest rates. Nvidia-Backed Databricks Raises $10 Bil. Next Hot AI Stock? Nvidia-backed Databricks just raised $10 billion in a Series J funding round raising expectations for a blockbuster AI IPO. These Stocks Are Moving the Most Today: Nvidia, Tesla, Broadcom, Pfizer, EVgo, Teva, SolarEdge, Amentum, and More Nvidia stock extends losses after falling into correction territory on Monday, while Tesla heads for another record closing high. Pfizer's 2025 Outlook: Is This the Breakthrough Investors Have Been Waiting For? With cost cuts, steady revenue projections, and a push for new growth, Pfizer aims to bounce back in 2025. Update: Teva, Sanofi Shares Jump as Phase 2B Duvakitug Study Meets Primary Endpoints in Inflammatory Bowel Disease (Updates to reflect stock price movement in the headline and body of the story.) Teva Pharmaceuti