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Yahoo
an hour ago
- Yahoo
Why the Nvidia share price jumped almost 10% in July
Nvidia (NASDAQ:NVDA) stock is up 72% in the past year. Yet in recent months, I've seen more concern from some investors about it potentially being overvalued or whether the company can maintain a dominant position in the AI space. But last month, the Nvidia share price popped almost 10%, going some way to silencing recent critics. Here's what happened. Factors at play One factor was the relaxation of the export ban from the US to China of key H20 chips. This had been in place from earlier this year when tensions with China were running high. However, this stance has thawed, with the US confirming that Nvidia could start to resume sales to China, a key market for the company. This reversal will unlock enormous demand from Chinese tech giants. News broke in late July that Nvidia has ordered an additional 300,000 H20 chips from suppliers to meet the likely surging appetite. Beyond this, in early July Nvidia became the first company in history to surpass a $4trn market cap. This helped to spark a rally as markets digested its prominence as the dominant player in AI infrastructure. Put another way, the significance of passing $4trn caused some FOMO (fear of missing out) from investors, in not wanting to miss any further significant milestones. Finally, even though Nvidia hasn't reported quarterly earnings yet, other US tech stocks that have released earnings recently have impressed, mostly down to AI-driven projects. For example, tech bellwethers Microsoft and Meta reported strong results and ramped up AI capital expenditure outlooks. Microsoft's cloud division and Meta's capex guidance of around $70bn underlined robust uptake of Nvidia AI infrastructure. Naturally, this helped to lift Nvidia's shares. The direction ahead Nvidia's quarterly earnings are due to be released at the end of August. This is the main event that should dictate if the stock can keep moving higher into the autumn. Of course, the immediate stock reaction will depend on revenue and earnings relative to what investors expect. This can be seen as the main risk to the stock for the short term. But the medium-term projection will depend on forward guidance to show if AI demand is likely to keep increasing over the next year. Investors will also look for updates on timelines for the Blackwell GPU architecture. This is seen as a key area of growth for the future. How quickly customer demand is converting into revenue will be a finger on the pulse here. Aside from earnings, Nvidia stock will also move as a leader for the AI sector in general. If investors become concerned about the pace of growth, cheaper Chinese alternatives or general worries around the stock market, Nvidia is likely to fall further. This is a risk that I think the company will have to deal with for years to come. Even with this, I still think the stock looks attractive, so think investors could consider it for their portfolios. The post Why the Nvidia share price jumped almost 10% in July appeared first on The Motley Fool UK. More reading 5 Stocks For Trying To Build Wealth After 50 One Top Growth Stock from the Motley Fool Jon Smith has no position in any of the shares mentioned. The Motley Fool UK has recommended Meta Platforms, Microsoft, and Nvidia. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. Motley Fool UK 2025 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
an hour ago
- Yahoo
Sibanye-Stillwater's call for US tariff on Russian palladium may add to price volatility
LONDON (Reuters) -Sibanye-Stillwater has asked the United States to consider imposing a tariff on Russian palladium imports to support the long-term viability of U.S. supplies, in a move that could increase volatility in palladium prices. The petition filed by Johannesburg-based Sibanye-Stillwater adds another layer of uncertainty to prospects for platinum group metals (PGMs) after a rally in prices so far this year due to lower first-half production in South Africa and thin liquidity in the spot market. "We believe that Russian palladium imports are being sold below market prices due to various factors, beginning primarily after the Russian invasion of Ukraine in 2022," Sibanye-Stillwater's Chief Executive Neal Froneman said in a statement on the company's website dated July 31. "Obtaining relief from dumped and subsidised Russian imports will give Sibanye-Stillwater, its employees, and the entire U.S. PGM industry, an opportunity to compete on a more level playing field," he added. A final decision on the petition is likely within 13 months. Russia's Nornickel, the world's largest palladium producer with a 40% share of global mined output, declined to comment. Sibanye-Stillwater, which has production assets in South Africa and the United States, suffered its second consecutive full-year loss last year after writing down $500 million of its U.S. palladium assets amid low prices. Spot palladium prices are up 31% so far this year, and the outlook for the rest of the year is positive for miners: analysts forecast in a Reuters poll in July that the palladium price would rise in 2025 for the first time in four years, aided by platinum's rally. "Although placing duties on Russian metal would not necessarily impact the market balance of palladium, it could result in the re-routing of global physical metal flows, leading to price volatility," analysts at Heraeus said. Russia and South Africa are the top suppliers of palladium to the United States, according to the Trade Data Monitor. For Russia, China is the second largest buyer of the metal after the United States. Russian palladium imports to the U.S. increased 42% year-on-year to more than 500,000 troy ounces in January-May, according to Heraeus. PGMs, used widely to clean exhausts in gasoline vehicles, have so far avoided both U.S. sanctions imposed on Russian companies over the Ukraine war and any import tariffs announced by President Donald Trump. Sign in to access your portfolio
Eater
an hour ago
- Eater
Another San Francisco Coffee Company Cashes Out
is the associate editor for the Northern California and Pacific Northwest region writing about restaurant and bar trends, coffee and cafes, and pop-ups. Philz Coffee will join the company with holdings in Popeyes and Cinnabon. Gado via Getty Images Another San Francisco-born-and-raised coffee company has taken a big buyout. Philz Coffee will sell to Los Angeles-based private equity firm Freeman Spogli & Co. for $145 million. More troubling, employees holding common stock in the business will see their shares cancelled under the agreement. Mission Local reported the news after acquiring documents pertaining to the deal. The deal is expected to be confirmed on Friday, August 8. Ferry Building hero closes after 21 years An original Ferry Building restaurant closed on Thursday, July 31. Boulettes Larder was a proper flagship in the marketplace. Chef Amaryll Schwertner and partner and Lori Regis ran the restaurant and its adjoining, more casual Bouli Bar. The San Francisco Standard reported the news with no reason given for shuttering. Boulettes Larder opened in 2004 when the remodeled Ferry Building opened to the public. Schwertner's menu was beloved for its commitment to old-school farm-to-table cooking. Divisadero sports bar shutters Majorly popular corner bar the San Francisco Athletic Club closed on Sunday, August 3. There was no closure reason given for the 11-year-old bar, but in a farewell Instagram post ownership said it's been a hard road since the pandemic. The bar was one of Lower Pac Heights's mainstay beer hangs. A new operator has already secured the lease and plans to keep the location as a sports bar. Plant-based burgers hit South Tahoe In a positive upshot for the region, vegan burger joint Malibu's is expanding. This time, the restaurant is opening inside Cascade Kitchens Tahoe, a new food hall and commissary kitchen. In an Instagram teaser, ownership says the new space will be helmed as a franchise by a longtime customer of the buzzy Oakland restaurant. Eater SF All your essential food and restaurant intel delivered to you Email (required) Sign Up By submitting your email, you agree to our Terms and Privacy Notice . This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
