The stock market experienced a rally driven by Fed Powell's dovish speech, with major indices reaching new highs, but Nvidia's upcoming earnings report is seen as a critical test for the market's direction, especially for AI and chip stocks. Investors are advised to watch Nvidia closely and consider adding exposure, as the market shows signs of resilience and potential for further gains.
Travis Hoium highlights five dividend stocks with yields over 5%, emphasizing their potential for long-term market-beating returns. The featured companies, including NextEra Energy Partners, Verizon Communications, and Vici Properties, are noted for their solid businesses and attractive payouts to investors.
Intel has discontinued its Blockscale 100 ASIC, its first Bitcoin-mining chip, less than a year after its release, without announcing a successor. The company has also dodged questions about whether it will exit the Bitcoin ASIC business, saying only that it continues to monitor market opportunities. The larger crypto winter and the rise of AI as a hot new investment may have contributed to Intel's decision, as well as the departure of Raja Koduri, the graphics architect who led the crypto chip initiative.
