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UBS lowered its target price for T-Mobile US (TMUS.O) from $255.00 to $235.00.UBS raised its price target for AMD (AMD.O) from $700.00 to $730.00.According to Yonhap News Agency, Nvidia CEO Jensen Huang stated that Nvidia plans to jointly develop the Genesis autonomous vehicle with Hyundai Motor.On July 25, Yonhap News Agency reported that South Korean President Lee Jae-myung announced a vision to transform South Korea into a trusted artificial intelligence (AI) semiconductor manufacturing base and supply partner, pledging to lead South Korea to become a key player in the global AI supply chain. Lee made these remarks at a high-level conference in San Francisco, where he officially released the "San Francisco AI Declaration." The conference brought together leaders of global technology companies and heads of major South Korean conglomerates, including Samsung Electronics Chairman Lee Jae-yong and SK Group Chairman Chey Tae-won. Lee stated, "South Korea will achieve leapfrog development and become an irreplaceable core country in the global AI supply chain." He added, "Leveraging South Koreas world-leading competitiveness and production capabilities in the memory chip field, South Korea will become a trusted AI chip manufacturing base and supply chain partner."July 25th - Nvidia announced on Friday a partnership with South Koreas SK Group on an AI initiative worth over $500 billion, encompassing the construction of large-scale AI data centers and next-generation memory technologies. The initiative includes a long-term partnership with SK Hynix to secure Nvidias supply of next-generation memory and to jointly develop high-bandwidth memory (HBM) for AI training, AI agents, and physical AI applications. SK Telecom plans to build a 2-gigawatt (GW) AI data center, utilizing Nvidias Vera Rubin chips and SK Hynixs HBM4 high-bandwidth memory. The first facility is expected to be operational by 2027.

Despite Bearish BTC Session, BTC Fear & Greed Index Avoids Sub-30

Daniel Rogers

Nov 08, 2022 16:18

 截屏2022-11-08 下午4.10.25.png

 

Bitcoin (BTC) declined by 1.54% on Monday to end the day below $21,000 for the second consecutive session. BTC and the broader market dissociated from the NASDAQ Composite Index, as crypto investors await the US CPI report this week. The Bitcoin Fear & Greed Index decreased from 33/100 to 31/100 as the bearish BTC session weighed on the index.

 

Bitcoin (BTC) decreased by 1.54% on Monday. Sunday's closing BTC price was $20,609, following a 1.79% fall. Notably, Bitcoin closed the day for the second consecutive session below $21,000.

 

BTC reached a day's early high of $21,083 despite a shaky start. BTC reached a late-day low of $20,421 after failing to surpass the First Major Resistance Level (R1) at $21,240. Before partially recovering to $20,609, BTC fell through the First Major Support Level (S1) at $20,762 and the Second Major Support Level (S2) at $20,592.

 

You should only trade with capital that you can afford to lose while trading derivatives. The trading of derivatives may not be suitable for all investors; thus, you should ensure that you fully comprehend the risks involved and, if necessary, seek independent counsel. Before entering into a transaction with us, a Product Disclosure Statement (PDS) can be received through this website or upon request from our offices and should be reviewed. Raw Spread accounts offer spreads beginning at 0 pips and commissions of $3.50 every 100k traded. Spreads on standard accounts begin at 1 pip with no additional commission fees. CFD index spreads begin at 0.4 points. This information is not intended for inhabitants of any country or jurisdiction where distribution or use would violate local law or regulation.

 

A lackluster economic calendar in the United States hindered BTC. This week, US inflation, retail sales, and consumer sentiment data will impact market sentiment towards the US economy and a December Fed turn.

 

However, the NASDAQ Composite Index increased by 0.85% on Monday, as optimism surrounding the US midterm elections provided support. Later today, the US economic calendar will feature another day of inactivity, leaving investors in suspense as the attention remains on the midterm elections. The NASDAQ mini was up 15.5 points this morning.

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