Why are tech stocks falling today? Nifty IT Index down over 1%
The information technology sector stocks are trading in the red in Tuesday’s session. The Nifty IT is down 1.75% as of 11:30 am and hit an intra-day low of 37,609.70, underperforming other sectoral indices. Most of the constituents of the Index are in the red.
Infosys’ share price saw maximum decline on the charts,
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Read MoreHow Rudina Seseri stays ahead of the investing curve by being on the 'bleeding edge' of all things AI
Rudina Seseri can spot an “AI-native” company from a mile away.
Before ChatGPT sounded the starting gun on the artificial intelligence revolution, Seseri, the cofounder and managing partner of Glasswing Ventures, was already writing the first checks to machine-learning startups, arguing that data-hungry algorithms would define the next era of software.
Read MoreGold price recovers as US-China trade agreement euphoria fades quickly
- Gold price jumps nearly 1% on Tuesday as the US-China trade deal euphoria quickly fades.
- Traders become wary as no further details are provided on the content of the current deal.
- Traders are picking up some safe haven protection at current discounted prices.
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Read MoreRussia economy meltdown with interest rates stuck at 21% as central bank issues warning
Russia’s Central Bank was forced to hold its key interest rate at 21% in a major blow for the economy. The decision comes as inflation continues to hover at around 10.3%, latest financial data for April shows.
Elvira Nabiullina, the bank’s governor, said there was broad consensus among officials to keep the rate on hold.
3 Jim Cramer Stock Picks to Avoid in May
Investing
The charismatic host of CNBC’s Mad Money Jim Cramer has long been a polarizing figure in the investment world. Known for his high-energy delivery and bold market calls, Cramer’s stock recommendations attract a wide audience,
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Read MoreThe Burst
2 Stocks Buffett Is Snapping Up
Warren Buffett appeared to take a hard look at the market last year and decided he wanted to sell shares in plenty of companies, including Apple, Bank of America, and Charter Communications. His holding company, Berkshire Hathaway, even sold every share (nearly 4 million) in Floor & Decor Holdings. Overall, Buffett unloaded $133 billion in shares in 2024.
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Read MoreThe Ivy
How High Can NVIDIA Go In 5 Years?
NVIDIA (NASDAQ:NVDA) has been by far one of the best stocks to hold over the last several years. Surging demand for AI data center chips has caused sales of the company’s GPUs to skyrocket, leading to explosive growth and massive returns for investors.
The question now, though, is whether the future will be as good to NVIDIA as the past few years have been.
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Read MoreThe Spotlight
How High Can eBay Go?
The e-commerce sector is enjoying an unprecedented rise. Customers appreciate the convenience that online retail provides, lending popularity to the sector. This is why global e-commerce revenue is projected to show an annual growth rate of 9.5% to a projected market volume of $6.48 trillion by 2029.
While the sector expands,