???? Nvidia’s Shares Soar 25% in One Month!

Hala,

?? Halloween season is upon us! A 24-year-old man in Portsmouth got fined for pretending to be a ghost and spooking people at Kingston Cemetery. This guy learned the hard way—$42 later, the ghosts are still laughing ???? #BooNotCool

amana’s take

• Brace for Impact!?September’s CPI in the US is rolling in with a forecasted 2.3% year-over-year increase, cooling off from August's 2.5%. Core inflation? Staying steady at 3.2%. All eyes are on Thursday's 4:30 PM UAE release—because when these numbers drop, USD volatility could spike like a caffeine-fueled day trader.
• Falling energy prices might cool the headline inflation numbers, but don’t get too comfortable. Core goods inflation is expected to pop up for the first time in seven months. And just when you thought housing inflation would stick around, it might finally take a breather.
• Fed on Edge! The Federal Reserve is walking a tightrope. Some officials are whispering about keeping things tight for longer, avoiding any premature easing. After all, inflation’s a wild card, and the last thing they want is to lose the hand.

Stock Market Update

???? US stocks sprinted higher on Wednesday, with the S&P 500 and Dow hitting record highs as tech stocks surged and investors shrugged off geopolitical worries. The S&P 500 rose 0.71% to 5,792.04, the Dow advanced 1.03% to 42,512.00, and the Nasdaq 100 added 0.80% to 20,268.86.(2) Wall Street’s driving in the fast lane! ?????

???? Meanwhile, Gulf markets played seesaw as geopolitical drama took center stage. Abu Dhabi added 0.3% to 9,283, and Dubai dropped 0.2% to 4,422.(3) ????

???? Nvidia’s Success Reaches New Heights!

Nvidia’s shares are climbing like a skyscraper under construction, adding 25% in just one month, and getting closer to their all-time high! ????? The company, riding the AI boom like no other, has become a cornerstone for tech giants like Meta, Microsoft, and Alphabet, all hungry for its AI chips. With shares now up 165% this year and more growth expected as tech earnings season approaches, Nvidia’s rise is certainly the talk of Wall Street. ????

???? Key Figures:

• Stock Surge: Nvidia up 25% in the last month.
• Year-to-Date Jump: Shares have skyrocketed 165%.
• AI Demand: Nvidia controls an estimated 95% of the AI training chip market. ????
• Revenue Boost: Q2 revenue surged 122% YoY, with net income hitting $16.6 billion. ??
• Chip Craze: New Blackwell AI chips expected to bring in billions, with production ramping up in Q4. ??

???? Nvidia’s Skyward Momentum

As the tech world builds its AI foundations, Nvidia is the lead architect. Major customers like OpenAI and Oracle keep laying the bricks, securing the company’s dominant market position. With AI driving this vertical surge, Nvidia’s skyscraper shows no signs of slowing down as investors eagerly await the next floor. What asset are you investing in next? ????

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Closer to Home?

• ?? Saudi-based HR firm Tamkeen is moving forward with its IPO, offering 7.95 million shares (30% of its capital) on the local market. With CMA approval, it’s ready to join the IPO wave!(5) ??
• ??? Abu Dhabi's Aldar Properties is diving into Dubai's Expo City with a AED 1.75B mixed-use project, just as the city's new master plan takes shape.(6) Looks like Expo City is gearing up to be the next big thing! ??
• ?? Saudi’s largest Islamic lender, Al Rajhi Bank, bagged a $1.92 billion sustainability loan, with nearly 20 lenders like HSBC and Emirates NBD signing up for the three-year, Sharia-compliant deal.(7) Guess even the biggest banks are going green! ??

What Else Is Trending

• ?? Tesla’s China-made EV sales jumped 19.2% YoY in September, its best month yet with 72,000 EVs sold. A six-seat Model Y and Full Self-Driving driver assistance model may even launch next year.(8)Tesla’s keeping busy! ??
• ??? Meanwhile, oil prices took a bit of a breather on Wednesday after Tuesday’s steep sell-off. WTI slid 0.45% to $73.24 per barrel, while Brent shed 0.78% to $76.58.(9) ?
• ?? Lastly, gold prices lost their sparkle for the sixth day, with spot gold slipping 0.5% to $2,607.7 as the dollar flexed and larger rate cut hopes faded.(10) ?

??Quote of the Day

"Everybody wants to have the most and everybody wants to be first." – Jensen Huang, Nvidia CEO

amana.app

Sources:(1) Pubity, (2) (4) (9) (10) CNBC, (3) Reuters, (5) (7) (8) Zawya, (6) Gulf News