(AI Video Summary)
Microsoft’s new AI team hiring
In this video, Angeline Ong shares some important news related to trading that can help you make informed decisions. The NASDAQ, a stock market index, is predicted to rise, thanks to the positive impact of Microsoft Corp (All Sessions). Microsoft’s shares have been performing well on the IG platform after they hired Sam Altman, the former CEO of OpenAI. This has increased investors’ confidence in Microsoft’s future prospects.
US dollar value decrease
On the other hand, the value of the US dollar is decreasing compared to other currencies. Traders believe that this is because the US may not increase interest rates further. The Federal Reserve (Fed) minutes and the Manufacturing and Services Purchasing Managers’ Index (PMIs) are events to watch as they could influence the value of the dollar.
It’s important to note that the market may have lower liquidity than usual due to the upcoming Thanksgiving holiday. However, after Thanksgiving, stocks like NVIDIA Corp (All Sessions), retail stocks, and US airlines are expected to experience significant movements. The Fed minutes are also likely to confirm that interest rates will remain unchanged for now. Some experts even suggest that there may be a possibility of a rate cut in the second half of 2023.
Potential growth for NASDAQ 100
One of the key points of interest is the NASDAQ 100, which shows potential for continued growth and could reach the 16,000 mark. Microsoft’s recent hiring decision has already positively impacted their stock price, and other companies like Zoom Video Communications are also expected to report good earnings due to new AI-powered tools and expansion into new markets.
However, there are some risks to consider. NVIDIA, for example, faces potential challenges in the Chinese market due to stricter regulations on the sales of high-end chips. These factors, along with the uncertainty surrounding the Fed’s rate hike path and the performance of major companies like Microsoft, can affect the overall market.