The Latest Breaking News from Nasdaq

On Wednesday, Nvidia Corporation (NASDAQ:NVDA) CEO Jensen Huang warned that China is poised to surpass the U.S. in artificial intelligence development, citing cheaper energy and looser regulations that give Beijing an edge.

At SIGGRAPH 2024, Nvidia Corporation (NASDAQ:NVDA) CEO Jensen Huang shared a humorous insight into the long road to success, joking that he might have followed Meta Platforms, Inc. (NASDAQ:META) CEO Mark Zuckerberg's early college-dropout approach if he had known how long building a tech empire would take.

Wall Street bounced back Wednesday after Tuesday's sharp selloff in AI-driven stocks, as investors bought the dip amid solid corporate earnings and growing signs that the Federal Reserve may be nearing another interest rate cut.

U.S. stocks traded higher midway through trading, with the Nasdaq Composite gaining more than 200 points on Wednesday.

The S&P 500 Index ($SPX ) (SPY ) today is up +0.42%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.12%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.41%. December E-mini S&P futures (ESZ25 ) are up +0.39%, and December E-mini Nasdaq futures...

For the first time in weeks, there were more new 52-week lows than 52-week highs yesterday. That will happen when stocks course correct on valuation concerns. This market downturn spells opportunity. Here are two new 52-week lows worth a bet.

Tim Sweeney, the CEO of Fortnite maker Epic Games, praised a proposal by Alphabet Inc. (NASDAQ:GOOGL) (NASDAQ:GOOG) to open up Android in the U.S. Epic v. Google case, subject to court approval.

Qualcomm Incorporated (NASDAQ:QCOM) will release earnings results for the fourth quarter after the closing bell on Wednesday, Nov. 5.

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page.