Nvidia (NVDA) has had a bumpy ride over the past month as the tech sector is just beginning to recover from the wide sell-offs seen at the beginning of August. With the chipmaker’s next earnings report around the corner — Wednesday, August 28 — could Nvidia be the leader for another tech rally?
Investor fears of a recession have been easing, thanks to a series of economic data and strong earnings reports indicating a healthier economy. Could the easing of these fears be premature?
Shares of Netflix (NFLX) climbed to an all-time high Tuesday morning, momentarily rising above a share price of $700 after reporting a 150% rise in ad sales year-over-year. The streaming giant has been trying to grow through things like ad-tier subscriptions and password-sharing crackdowns.
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