All articles tagged with #market estimates
Gold prices are soaring partly due to increased central bank buying, which is often underestimated because of unreported demand estimates. Official data shows modest reported purchases, but estimates from organizations like the WGC suggest much higher total acquisitions, driven by geopolitical tensions and market opacity. The true scale of central bank gold buying remains uncertain due to data limitations and market complexity.
AI chip stocks, led by Nvidia and AMD, rose as analysts reiterated bullish outlooks on the AI market, citing growth potential and market expansion, with Nvidia nearing a new buy point and other stocks like Broadcom and Marvell benefiting from the growth in application-specific integrated circuits (ASICs).
Tesla missed market estimates for third-quarter deliveries due to planned factory upgrades, causing production halts. The company delivered 435,059 vehicles in the quarter, down nearly 7% from the previous quarter. However, Tesla's target to deliver 1.8 million vehicles this year remains unchanged. The electric vehicle market in the United States has seen a slowdown, but there are signs of growth. Some analysts believe that the factory upgrades could lead to a rebound in deliveries in the fourth quarter, allowing Tesla to compete better with rivals. Tesla will report its third-quarter results on October 18.