Table of Contents

• U.S. Markets

• Nvidia

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Economy & Finance

U.S. Markets

Stock futures rose slightly Tuesday evening as investors prepare for potential market shifts tied to a high-stakes U.S. presidential race between Donald Trump and Kamala Harris. The Dow, S&P 500, and Russell 2000 futures posted modest gains, while Nasdaq futures remained steady. A Trump victory might drive stocks higher with corporate tax cuts, though tariffs could heighten inflation risks. Conversely, a Harris win could mean stricter regulations for sectors like banking, alongside potential support for clean energy. A divided or unified Congress could significantly impact fiscal policy, with traders awaiting both election outcomes and Thursday’s Federal Reserve rate decision, where a rate cut is widely anticipated.

Technology

Nvidia

Nvidia surged ahead of Apple in market capitalization, closing at $3.43 trillion on Tuesday, marking its second time surpassing Apple as the world’s top-valued public company. Nvidia's shares have soared almost threefold in 2024, reflecting strong investor confidence in its AI-driven growth and dominance in GPU production, essential for advanced AI models. Despite Apple’s 17% stock increase this year, Nvidia’s trajectory has been bolstered by its AI hardware expertise and robust financial performance, including consistent revenue doubling in recent quarters. Nvidia will join the Dow Jones Industrial Average on Friday, further solidifying its standing, as it continues to outpace long-time competitors like Intel.

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