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HomeFinance NewsStocks rebound as Nvidia reveals new chip, BOJ raises rates.

Stocks rebound as Nvidia reveals new chip, BOJ raises rates.

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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.

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