Chip Stocks Lift NASDAQ Higher

October 17, 2024

MRKT Matrix - Thursday, October 17th

  • Dow closes at fresh record, Nasdaq ends higher as chipmakers rally (CNBC)

  • TSMC Hikes Revenue Outlook in Show of Confidence in AI Boom (Bloomberg)

  • Apple Secretly Worked with China’s BYD on Long-Range EV Battery (Bloomberg)

  • China’s $562 Billion Loan Push for Unfinished Homes Disappoints (Bloomberg)

  • Auto giants launch a flurry of cheaper electric vehicles - taking the fight to China (CNBC)

  • Biden administration forgives $4.5 billion in student debt for over 60,000 public service workers (CNBC)

  • Hedge fund manager Daniel Loeb believes Trump’s chances are increasing and he’s betting accordingly (CNBC)


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