Fri, Sep 8, 2023 2:52 PM
Indian rupee to shift to 83-85/$ if oil price sticks up: Jefferies global
A Flip by Shubhangi Gupta
A new report from a Wall Street analyst maps out how Nvidia (NASDAQ: NVDA) stock could move in the coming months. UBS analyst Timothy Arcuri thinks the powerful Blackwell computing platform will start shipping this December. With that timeframe it's not too early for investors to look at what that might mean for Nvidia's revenue and earnings growth.
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Wall Street's main indexes opened higher on Friday after a softer-than-expected jobs report revived hopes of the Federal Reserve cutting interest rates this year, while gains in Apple and Amgen on upbeat corporate updates added support. The Dow Jones Industrial Average rose 483.7 points, or 1.27%, at the open to 38,709.36. The S&P 500 rose 58.6 points, or 1.16%, at the open to 5,122.78,.
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Shares of IT company Newgen Software extended their winning streak for the ninth consecutive session surging 35% during the period to hit a lifetime record-high mark during intraday on Friday, May 3. Newgen Software has given multi bagger returns to investors over the last 1-3 year time periods. During the March quarter, its net profit surpassed the ₹100 crore- mark for the first time ever.
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