The Daily

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Estimating the GDP of this entire economy — which now stands just shy of $29.2 trillion — is a work in progress. 

The Bureau of Economic Analysis just gave us its mostly final estimate: the economy grew at 2.4% in the fourth quarter of 2024.

That number tells a story of where the economy was headed coming into this year.

 » Read more about: What can the latest GDP numbers tell us about where the economy is headed?  »

Investing.com — Citi expressed a bullish view on the analog chip sector, citing low inventory, margins and earnings that are close to a trough, and an imminent recovery in sales that should drive upside to consensus estimates.

The Wall Street firm maintains a Buy rating on all analog companies within its coverage,

 » Read more about: Citi is bullish on analog chip stocks, highlights Texas Instruments  »

Unlike its big tech rivals, Apple (AAPL) initially avoided the costly rush into AI data centers, opting to avoid massive capital expenditures. However, the tide seems to have turned, as Apple now recognizes the need to compete in the AI data center space. According to five-star-rated analyst Ananda Baruah at Loop Capital Markets,

 » Read more about: Apple (AAPL) Eyes AI Data Center Battle after Siri Misfires, Says Loop Capital  »

 » Read more about: Here is Why Jim Cramer Is Bullish About Apple (AAPL)  »

Shares in tech giant Apple (AAPL) were lower today as it faced a competition investigation over the prices of its tablets and phones in Turkey.

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The Turkish Competition Board said it had launched an investigation into five companies,

 » Read more about: Apple Stock (AAPL) Gobbled Up By Turkey as It Launches Competition Investigation on Prices  »

CoreWeave’s initial public offering on Thursday raised $1.5 billion after setting the price of its shares at $40 each.

The $40 price point is significantly lower than the anticipated range of $47 to $55 per share. Potentially acting as a bellwether for a cooling period in the AI stock boom.

 » Read more about: Stock market today: Dow, S&P 500, Nasdaq futures waver as Wall Street faces escalating trade war  »

BOAO, Hainan: China will continue opening its economy to the world, Vice-Premier Ding Xuexiang told an international forum, reiterating his country’s pitch for more foreign investment as an escalating trade war unleashed by the US shakes global business sentiment.

“We sincerely welcome businesses from all countries to invest and operate in China,” he said at the opening plenary of the Boao Forum for Asia on Thursday (March 27).

 » Read more about: China is open for business, Vice-Premier Ding tells Boao forum as trade war mounts  »

Nvidia’s (NVDA) shares may continue to be volatile until May 15, according to Bank of America. This is the date when new U.S. export rules for AI chips—referred to as the AI Diffusion Rule—officially take effect. These Biden-era regulations will try to limit the global spread of powerful AI chips by restricting their exports to countries that are outside of the 18 approved Tier 1 nations.

 » Read more about: Nvidia Stock (NVDA) Will “Continue to Be Volatile Until Liberation Day,” Says BofA  »