The US markets notched record highs on Wednesday, following comments from Federal Reserve chairman Jerome Powell that the US economy is in "remarkably good shape." The tech-heavy Nasdaq Composite (^IXIC) index closed up 1.3% at 19,735.12.
Cloud and E-commerce Company Amazon Hits Intraday All-Time Highs
Amazon (AMZN), a cloud and e-commerce company, hit intraday all-time highs on Wednesday, as did iPhone maker Apple (AAPL). This surge in the tech sector has contributed to the overall record high for the US markets.
Nvidia Shares Surge 3.5%
Chipmaker Nvidia (NVDA) ended the session up 3.5%, trading near previous highs. Shares had eased back slightly by pre-market trading on Thursday morning but only edged 0.5% lower.
Nvidia in Talks with Taiwan Semiconductor Manufacturing Co
Reuters reported that Nvidia was in discussions with Taiwan Semiconductor Manufacturing Co (TSM,2330.TW), for its AI Blackwell chips to be produced at TSMC’s new plant in Arizona. Sources said that TSMC was already making preparations to begin production early next year.
Taiwan-listed Shares of TSMC Close 0.5% Higher
TSMC’s Taiwan-listed shares closed Thursday’s session in Asia 0.5% higher.
Spokesperson for Nvidia Remains Silent
A spokesperson for Nvidia had not responded to Yahoo Finance UK’s request for comment at the time of writing, while TSMC declined to comment.
Follow View Quote Details
• USD (NVDA) Follow
Coinbase Shares Surge 7% on Bitcoin’s Record High
Shares in cryptocurrency exchange platform Coinbase surged 7% in Wednesday’s session and were up more than 3% on Thursday morning, following the record high price of bitcoin.
Follow View Quote Details
• USD (COIN) Follow
Frasers Group Shares Slide 13% Amid Profit Warning
Shares in Mike Ashley’s Frasers Group slid 13% on Thursday morning, after the Sports Direct-owner warned that profits would be lower for the year. In its latest results, the retail group posted a 8% fall in revenue to £2.54bn ($3.23bn) in the first half of its 2025 fiscal year.
Follow View Quote Details
• USD (FRAS.L) Follow
Vodafone and BT Group Shares Slide Amidst Warning
Shares in Vodafone and BT Group slid on Thursday morning, after the companies warned that their profits would be lower for the year. The warning was due to increased competition in the telecoms sector.
Follow View Quote Details
• USD (VOD) Follow
Other Companies in the News on Thursday 5 December
- Future (FUTR.L)
- DS Smith (SMDS.L)
- Watches of Switzerland (WOSG.L)
- SDI (SDI.L)
- HP Enterprises (HPE)
- Brown-Forman (BF-B)
- Dollar General (DG)
Investors Shift to US Funds and Tech in November Amid Lower Interest Rates
The Yahoo Finance app is available for Apple and Android devices. Download it today to stay up-to-date with the latest market news.
View Comments
This article has been viewed times.