:max_bytes(150000):strip_icc()/GettyImages-2048150663-ee298f4d35ad4326b27a901b726e83b6.jpg "Stocks rebound as Nvidia reveals new chip, BOJ raises rates.")
:max_bytes(150000):strip_icc()/GettyImages-2048150663-ee298f4d35ad4326b27a901b726e83b6.jpg&description=Stocks+rebound+as+Nvidia+reveals+new+chip%2C+BOJ+raises+rates.){kind=link}
The stock market saw a mix of gains and losses as various companies made significant moves in the market. Unilever Plc announced plans to spin off its ice cream division, including popular brands like Ben & Jerry’s, leading to a rise in their stock. Conversely, Super Micro Computer decided to raise $2 billion through an equity sale, causing their shares to sink. Additionally, MicroStrategy, known for its investment in Bitcoin, saw its shares tumble as the cryptocurrency market slumped after a recent surge in prices.
On a separate note, semiconductor stocks took a hit following Nvidia’s unveiling of new product offerings, including AI chips and chip architecture. Despite positive remarks from analysts, expectations were high due to Nvidia’s recent success, leading to a decline in their stock value. Competitors like Advanced Micro Devices also experienced losses as a result. Overall, the market was influenced by various company announcements and external factors such as cryptocurrency fluctuations and product unveilings.