Nvidia, AMD and Tesla rise as weak jobs data fuels rate-cut bets

invezz.com (Swedish)

Nvidia, AMD and Tesla shares rose in Monday premarket trading as Wall Street extended Friday's tech-led rally following a weak U.S. jobs report, with Nasdaq 100 futures up 0.4%. Nvidia gained about 0.4%, AMD roughly 0.9% and Tesla approximately 1% after the S&P 500 closed at a record Friday, when July employment unexpectedly fell by 23,000, lowering the probability of a Federal Reserve rate hike in September to about 44%. Nvidia has the strongest fundamental momentum after rising 11.6% last week on SpaceX's plan to build AI infrastructure exclusively on its "Vera Rubin" architecture, while AMD faces margin doubts despite record revenue and Tesla remains sensitive to Wednesday's inflation report.


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Nvidia, AMD and Tesla rise as weak jobs data fuels rate-cut bets | News Minimalist