Hennion & Walsh President and CIO Kevin Mahn joins Yahoo Finance Live to comment on the influence of Nvidia (NVDA) earnings and AI trends on markets, in addition to the Federal Reserve's interest rate strategy for the latter half of 2024. "If they're going to start cutting interest rates before inflation gets back to 2%, that tells me they're more concerned about that slowdown entering a recessionary period than they are with inflation staying above 2%," Mahn says. "Now above 3%, all of a sudden that gets their attention. But between 2 to 3%, I think the Fed's comfortable there." For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Luke Carberry Mogan.
Nvidia (NVDA) reported fourth-quarter results that topped Street estimates on both the top and bottom lines. The chip giant reported adjusted earnings per share of $5.16 compared to estimates of $4.60. Revenue was $22.10 billion compared to estimates $20.41 billion. Data center revenue was $18.4 billion, topping the expected $17.21 billion. In the release, founder and CEO Jensen Huang says, “Accelerated computing and generative AI have hit the tipping point. Demand is surging worldwide across companies, industries and nations." Yahoo Finance's Julie Hyman and Josh Lipton break the report down. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Stephanie Mikulich.
The Dow Jones Industrial Average's swap of Walgreens for Amazon will help the index better reflect the current US economy, according to a senior index analyst at S&P Dow Jones Indices.