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Missile Fire from Yemen's Houthi Rebels Triggers Sirens in Central Israel for the Second Night

  For the second consecutive night, air raid sirens blared across central Israel as a missile launched from Yemen's Houthi rebels was intercepted by Israeli air defenses early Wednesday morning. The missile, aimed at the Tel Aviv area, was successfully intercepted before crossing into Israeli territory, though shrapnel from the interception fell in several towns.  This marks the fourth time in a week that missile fire from the Houthi rebels has set off sirens in Israel. On Saturday, a missile hit a playground in Tel Aviv, injuring 16 people after Israel's air defense system failed to intercept it. In response, Israeli jets struck Yemen's rebel-held capital and a port city, resulting in nine casualties.  Israel's foreign minister has requested an emergency meeting of the U.N. Security Council to condemn the Houthi attacks and their alleged Iranian allies for providing the rebels with weapons. The situation remains tense as both sides continue to exchange fire, with the H...
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Nvidia’s Blowout Earnings Ignite Global Tech Rally

 


In a stunning turn of events, Nvidia, the AI darling, has set the tech world ablaze with its blockbuster earnings. The chipmaker’s results soared past even the most optimistic expectations, reigniting the AI frenzy that has propelled global markets to record highs.

Futures on the tech-heavy Nasdaq 100 shot up an impressive 2%, fueled by Nvidia’s stellar performance. Investors cheered as the company forecasted a threefold surge in first-quarter revenue, driven by robust demand for its AI chips. Nvidia’s shares skyrocketed by 12.9% in premarket trading, adding over $200 billion to its market cap.

Nvidia’s CEO declared that generative AI has hit the tipping point. The company reported a staggering 265% rise in revenue and provided upbeat guidance, signaling a booming demand for AI hardware. Wall Street celebrated these blowout quarterly results, reaffirming the strength of the AI mania that has lifted US stock gauges to unprecedented heights.

The bullish sentiment wasn’t confined to US markets alone. Chip stocks surged, propelling Japan’s Nikkei 225 index to finally surpass a record that had stood since 1989. Similarly, tech stocks lifted the pan-European Stoxx 600 to an all-time intraday high. Amid this euphoria, concerns about the Federal Reserve’s cautious approach to interest-rate cuts took a back seat.

As investors track economic indicators closely, the debate over the timing of rate cuts remains alive. Nvidia’s earnings were a litmus test for the AI-driven rally, and the company’s resounding success has bolstered confidence. If momentum continues, fresh record highs could be within reach.

In the words of Ryan Detrick, chief market strategist at Carson Group, “Few things are more certain than death, taxes, and Nvidia beating on earnings.” The AI business is booming, exceeding even the most optimistic analyst projections.

While the Fed treads carefully, the AI revolution charges ahead, reshaping the landscape of global markets. As we navigate this exciting era, keep an eye on Nvidia—the beacon of innovation that continues to redefine possibilities.


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