BTC/USD: $26,587.20 (📉 -1.05%)
S&P 500: $4,356.59 (📉 -0.47%)
U.S. 10 Year Treasury: 4.693% (📈 +0.096%)
VIX: $15.80 (📉 -1.08%)
*24 hr price change; market data as of 1:13 pm EST.
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It has been a spectacular year for Nvidia's shares, but analysts forecast a lot more upside to the chipmaker, setting a lofty $700 price target; September’s CPI print showed annual inflation increased 3.7%, higher than estimated; and Microsoft revealed the IRS had asked it to pay $29 billion in back taxes accumulated over decades, but investors shouldn’t be concerned.
Nvidia is Up 226% YTD, But AI Rally is Far From Over as Analysts Set $700 Target
TD Cowen analysts hiked their price target on Nvidia stock from $600 to $700 despite its 226% year-to-date rally.
September CPI Surpasses Expectations With a 3.7% Increase: How Will the Fed React?
The annual inflation rate stood at 3.7% in September, exceeding the expected 3.6% increase.
Why Investors Shouldn’t Worry about the IRS Asking Microsoft for $29B in Back Taxes
The IRS asked Microsoft to pay nearly $29 billion in back taxes concerning the company's liabilities between 2004 and 2013.