ASX Growth Shares
A Fairytale of New York (NYSE and the Nasdaq)
It has been a year of extraordinary moves in things we never saw coming. Bitcoin is the best performing ‘asset’ – and I use that term loosely.
December 21, 2023
NVIDIA Corp (NASDAQ: NVDA) is an American technology company based in California. It is a leader in the design of graphics processing units (GPUs) for gaming markets and system on a chip (SoC) for the mobile, computing and automotive markets. Nvidia was founded in 1993 and invented the graphics processing unit in 1999.
It has been a year of extraordinary moves in things we never saw coming. Bitcoin is the best performing ‘asset’ – and I use that term loosely.
With the intersection of artificial intelligence (AI), digital transformation, geopolitical dynamics, and global economic competition, the semiconductor sector is on the brink of an unprecedented growth trajectory.
The All Ordinaries (INDEXASX:XAO) finished the week on a positive note, gaining 0.1%, once again on the back of a rally in the energy and utilities sectors, which gained 1.3% and 1.6%.
This week, Drew and Owen discuss results from Commonwealth Bank of Australia (ASX: CBA), NVIDIA Corp (NASDAQ: NVDA), Telstra Group Ltd (ASX: TLS), the Origin Energy Ltd (ASX: ORG) debacle and much more.
Both Australia’s largest benchmarks weakened on Wednesday, despite news that the Israel-Gaza conflict had entered a period of ceasefire.
The local market managed a positive start to the week with both the S&P/ASX 200 (INDEXASX: XJO) and All Ordinaries (INDEXASX: XAO) gaining 0.1% on the back of strength in the energy sector.
The Nasdaq-100 (INDEXNASDAQ: NDX) has grown to be one of the most widely recognised indices in the world.
Revenue for the second quarter came in at US$13.5 billion, nearly US$2 billion above the analyst consensus estimate (which un-coincidentally was almost exactly in-line with the guidance of US$11 billion provided last quarter) and a staggering 101.5% above the prior year’s results.
The local share market weakened again on Wednesday, with the All Ordinaries (INDEXASX: XAO) down 0.7% and the S&P/ASX 200 (ASX: XJO) falling 0.8% as seven sectors fell by more than 1%.