Wall Street drifts around its all-time highs as gold keeps rising to records
By STAN CHOE, AP Business Writer
NEW YORK (AP) — U.S. stocks are getting back to rising on Wednesday, a day after breaking their seven-day winning streak, while the price of gold is pushing further past $4,000 per ounce.
The S&P 500 rose 0.4% and is on track to top its all-time high set on Monday.
» Read more about: Wall Street drifts around its all-time highs as gold keeps rising to records »
Read MoreJioBlackRock Flexi Cap Fund NFO ends: Can you still invest in the mutual fund scheme?
JioBlackRock Flexi Cap Fund NFO: The new fund offer (NFO) of the JioBlackRock Flexi Cap Fund has closed after its subscription window ran from September 23 to October 7, 2025. The fund marks India’s first active equity fund powered by the Systematic Active Equity (SAE) approach, and is designed as an open-ended equity scheme.
NVDA: Nvidia Shares Rise After Joining Musk's $20 Billion AI Funding Push
This article first appeared on GuruFocus.
Oct 8 – Elon Musk’s artificial intelligence startup xAI (XAI) is raising about $20 billion through a mix of equity and debt, according to a Wednesday Bloomberg report.
The deal centers on an unusual structure that ties financing directly to Nvidia (NASDAQ:NVDA) hardware for xAI’s upcoming Colossus 2 data center in Memphis.
» Read more about: NVDA: Nvidia Shares Rise After Joining Musk's $20 Billion AI Funding Push »
Read MoreStock market today: Dow, S&P 500, Nasdaq rise, gold rally roars as Fed minutes signal more rate cuts in 2025
US stocks marched higher on Wednesday as Wall Street returned to rally mode while investors digested the latest Federal Reserve minutes to provide hints to future policy amid a shutdown-driven dearth of data.
The Dow Jones Industrial Average (^DJI) turned roughly 0.2% higher on the heels of a losing day for the major gauges.
Read MoreWhy Nvidia Could Still Be in the Early Innings of a Historic Run
Nvidia didn’t just ride the AI wave, it built the surfboard thanks to the graphics processing unit that evolved from powering video games to becoming the computational engine of the AI revolution.
Today, roughly 92% of all AI data center processing runs on Nvidia chips, according to IoT Analytics. That kind of market share is virtually unheard of in hardware.
» Read more about: Why Nvidia Could Still Be in the Early Innings of a Historic Run »
Read MoreThe Burst
Market Commentary: 1 Marine Stock On Sale
Buying a boat manufacturer ranks right up there as one of the most treacherous investments when interest rates are elevated, at least on the surface.
But then there’s Marine Products Corporation that trades with a price-to-earnings ratio of just 7x. Not only is the PE ratio attractive but the earnings have been growing steadily quarter over quarter and operating income looks very attractive for the past three years too.
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Read MoreThe Ivy
Will Zoom Beat The Market In Next 5 Years?
When the world needed to connect from home, Zoom didn’t disappoint. The video conferencing providers saw numbers skyrocket from 10 million in December 2019 to over 300 million in April 2020. Rocket-ship like growth highlighted Zoom’s capacity to scale and investors couldn’t buy enough of it.
Since then the stock has languished but maybe that’s about to change?
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Read MoreThe Spotlight
Don’t Sleep On This Bedtime Stock
The impact of a sleep deficit goes far beyond feeling a bit drowsy during the day. Getting less than seven hours of sleep regularly can contribute to weight gain and obesity, high blood pressure, diabetes, stroke and heart disease. Lack of sleep is also associated with depression, reduced immune function, increased pain, more errors, more accidents and impaired performance at work or school.