Nvidia’s slide sends valuation back to pre-AI boom levels
Nvidia’s stock has experienced a substantial market value decline recently. This chipmaker’s shares are now trading at their lowest valuation since early 2019. Investors are shifting their focus to memory and storage semiconductor manufacturers. Analysts are raising profit estimates for Nvidia’s upcoming quarters. The company’s consistent performance suggests it is currently undervalued.
India’s US Treasury holding hits a 6-year low amid gold push
India’s US Treasury holdings dropped to $181 billion in April. This reduction reflects a strategic shift in foreign asset diversification by the Reserve Bank of India. The central bank significantly increased its gold reserves to 881 metric tonnes. Gold offers a stable reserve asset, unaffected by geopolitical stresses. This move aligns with a global trend […]
Demat account additions pick up on D-Street rebound
India added over 2.5 million demat accounts in June, the highest since February. This growth occurred as key market indices Nifty 50 and Sensex advanced significantly. Improved market sentiment followed the easing of geopolitical concerns and potential IPO announcements. Broader market participation and digital onboarding are attracting new retail investors. Future demat account growth will […]