Immoderatio Weekly News Roundup - November 22 2024
1.Perfect Storm Looms for Bitcoin
Bitcoin may be on the brink of unprecedented market changes due to the approval of exchange-traded funds (ETFs). Analysts highlight that these ETFs could trigger "reflexivity," a self-reinforcing feedback loop where rising demand amplifies prices, further driving interest. This dynamic could significantly influence Bitcoin's valuation, creating new volatility and opportunities in the market. As institutional investors enter the space, Bitcoin’s adoption and integration into the financial system could accelerate, reshaping its trajectory.
For detailed news, visit CoinTelegraph
2. NVIDIA Revenue Soars on AI
Nvidia's Q3 FY2025 revenue nearly doubled year-over-year to a record $35.08 billion, driven by a surge in data center revenue, which reached $30.8 billion. Net income exceeded expectations at $19.31 billion. Nvidia forecasted Q4 revenue of $37.5 billion, reflecting strong AI chip demand.
For detailed news, visit Investopedia
Trump's Return Spurs Stock Boom
The prospect of Donald Trump's return to the White House has stirred expectations of a "stock picker's paradise" in U.S. markets. Analysts suggest that Trump's economic policies, particularly tax cuts and deregulation, could provide opportunities for selective stock investors. A second term could reinvigorate these industries, offering stock pickers the chance to focus on companies poised to benefit from these policy changes. Additionally, tax reforms and trade policies that emphasize domestic manufacturing and corporate interests are seen as a catalyst for market movements.
For detailed news visit MarketWatch
4. Super Micro reveals Nasdaq notice
Super Micro Computer (SMCI) revealed it received a non-compliance notice from Nasdaq for failing to meet its filing requirements with the U.S. Securities and Exchange Commission (SEC). The letter cites a delay in timely filing the company's periodic reports, which violates Nasdaq's listing rules. As a result, Super Micro is now required to address the issue, and Nasdaq has given the company a grace period to regain compliance. If unresolved, this could lead to delisting. Super Micro plans to take corrective action to resolve the issue promptly.
For more details, check out the full article on Seeking Alpha.
5. Gary Gensler Resigns as SEC Chair
Gary Gensler has announced he will step down as SEC Chairman on January 20, 2024, after three years in the role. His resignation comes amid increasing pressure, particularly from the cryptocurrency industry, which he heavily regulated. Gensler was known for his aggressive stance on crypto, especially through lawsuits like those against Ripple (XRP). As President-elect Donald Trump prepares to take office, speculation grows over who will succeed Gensler. His departure marks the end of a contentious era for the crypto market under the SEC's leadership.
For detailed news visit Watcher guru
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