Nvidia’s ‘Taylor Swift’ moment doesn’t move stock price even as market rises

Major stock indexes rose slightly The Federal Open Market Committee (FOMC) begins a high-profile meeting on Tuesday, which concludes on Wednesday. Monitor interest rate decisions more closely. The central bank is expected to keep interest rates within a range of 5.25-5.5% as inflation remains stubborn, although well below its peak level from 2022.

The Dow Jones Industrial Average and S&P 500 both ended the day higher. Nvidia’s ‘Taylor Swift’ moment It did not contribute much to the rise in the Nasdaq.

Focus on Nvidia

AI chip maker Nvidia on Monday Announces next generation chip the name blackwell, was the center of attention on Tuesday. After a shaky start to the day, Nvidia stock rose just 1% to close at $894 per share.

But Wall Street analysts We doubled down on our bullish outlook on Nvidia stock. On Tuesday, after CEO Jensen Huang’s keynote speech on Monday, one analyst compared his speech. The company’s annual conference “Woodstock of AI” to taylor swift concert“Taylor Swift, stop it. You’re not the only one who can fill stadiums,” Bernstein Research senior analyst Stacy Rasgon said in a note.

Bitcoin causes cryptocurrency stocks to fall

Bitcoin plummeted overnight Its value increases from $73,000 to $63,000 in just five days. The current decline follows the following news from Grayscale Bitcoin Trust (GBTC): Recorded outflow amount of $642.5 per day 1 million on Monday.

Bitcoin price is expected to recover to new highs, Cryptocurrency stocks are in trouble on tuesday.micro strategy announced The company was raising another Bitcoin funding, but its stock price fell more than 5% to end the day at $1,417. Other cryptocurrency related stocks, including teslafell more than 1%, cryptocurrency exchange Coinbase fell nearly 4% and Square stock fell 2%.

Dow, Nasdaq, S&P 500 all up

All three major stock indexes rose. The Dow Jones Industrial Average rose more than 300 points, or 0.83%, the best day for the Dow Jones Industrial Average since February 22nd. The S&P 500 rose 0.4%, or 29 points, and the tech-heavy Nasdaq rose 0.3%.