NVDA Feb 2025 1220.000 call
| Previous close | 206.01 |
| Open | 211.25 |
| Bid | 206.15 |
| Ask | 209.55 |
| Strike | 1,220.00 |
| Expiry date | 2025-02-21 |
| Day's range | 204.32 - 211.25 |
| Contract range | N/A |
| Volume | |
| Open interest | 73 |
Yahoo FinanceIntel faces 'uphill battle' as its stock hovers near record lows: Goldman Sachs analyst
The inflection point for Intel can't be seen just yet, says Goldman Sachs.
- Yahoo Finance Video
Goldman Sachs analyst on what Fed rate cuts mean for Big Tech
Goldman Sachs managing director Kash Rangan sits down with Brian Sozzi and Madison Mills at the Goldman Sachs 2024 Communacopia & Technology Conference to discuss the top themes in tech and the sector's overall outlook. Rangan argues that there are three important things for software companies at this juncture: interest rates, the election, and generative AI. He notes that the Federal Reserve will likely initiate a 25-basis-point cut at its September meeting, and will likely total between 325 and 350 basis points by the end of its easing cycle. Easing rates will bring down the cost of capital for businesses, and will serve as a "tailwind for existing customers to expand their deployments." "With every economic cycle, as we come out of an economic cycle, coincidentally, there's always a new tech cycle that also goes with it," Rangan tells Yahoo Finance. He explains that after the 2008 recession, tech companies came out with cloud products, which eventually became "the catalyzing force for the tech industry." He notes that for real growth, there needs to be innovation alongside economic improvement: "It's not as easy as saying lower rates are good. I mean, they're kind of the first lift. It's the primer. The next thing, it has to be followed by real innovation." Rangan adds that after the 2024 presidential election in November, there will be less uncertainty: "It's not important to nail what the new policies are going to be, but it's more important to have less uncertainty and more certainty about what those policies are," he says, which indicates companies may move forward with projects it put on the backburner during peak uncertainty. Finally, Rangan believes generative AI will be a long-term theme for the tech sector. "I am very bullish how it unfolds eventually in the long term. But if you're looking for proof points today, there's a scattering of proof points, but not enough to get conviction that this is going to be a thing in '25 or '26." Catch more Yahoo Finance coverage and interviews from the Goldman Sachs Communacopia & Technology Conference. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Melanie Riehl
- Yahoo Finance Video
Bond investors will do 'very well' in rest of 2024: Strategist
All eyes are on the Federal Reserve as it gears up for its first interest rate cut at its September meeting. Miller Tabak managing director and equity strategist Matt Maley joins Catalysts to discuss how the current state of the market and how investors can best prepare for the Fed's rate easing cycle. Maley notes that the tech sector, which has led the charge on the market's record gains this year, is now under pressure. "The biggest narrative in the last six to eight weeks has been that the earnings from the AI phenomenon are not going to broaden out to the degree that people were hoping for this time last year or even six months ago," he explains. He highlights that investors are disappointed in names like Nvidia (NVDA) as they seek real returns on their AI plays. However, Maley says that despite the tech sector "lagging" in the second half of August, "It only retraced about two-thirds of its summer decline while the S&P (^GSPC) recovered all of its declines." He argues, "you need to have the tech group either rising even if it's lagging for you to see any kind of rotation. If it goes down and the major indices (^DJI, ^IXIC, ^GSPC) go down, people tend to pull their money out and rotate into cash... So this tech group is going to still be very, very important over the next couple of weeks, and really for the rest of the year." On the fixed-income side, Maley believes that bond yields (^TYX, ^TNX, ^FVX) are "oversold," which indicates that bond prices are being overbought: "We broke below that 3.8% key support level on the ten-year note. We've seen the two-year note break down in a significant way, well below any kind of trend line, and it's made a lower high and a lower low. On the yield side, that's going down. That means prices are going up, and I think that that key change in trend for the bond market means that bond investors are going to do very well over the rest of this year, again, on a near-term basis." He explains that the bond market could be in store for a pullback as the Federal Reserve cuts rates. However, he believes the pullback won't last too long because ongoing geopolitical tensions will likely encourage investors to choose safer plays. Maley adds, "There's no question that our economy, even if we're not going into a recession, it is slowing down. That bodes well for the bond market." For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Melanie Riehl
