Nvidia, already a tech giant with a market cap of $3.14 trillion, is on the verge of significant market value changes. Analysts predict a potential $300 billion swing in its valuation following its upcoming earnings report, driven by strong investor confidence and bullish momentum. Nvidia’s recent stock performance and the anticipated earnings per share announcement are factors contributing to the expected volatility.
Bitcoin experienced a 4.1% decline in the past 24 hours, falling to $59,278.00. However, this drop comes after a week of positive momentum, where the cryptocurrency gained 1.0% from $59,518.13. This article explores the recent price movements and volatility of Bitcoin, along with its trading volume and circulating supply.
While Mukesh Ambani is Asia’s richest individual, Reliance Industries, his flagship company, struggles to secure a top spot among Asia’s most valuable firms. This highlights a disparity between personal wealth and corporate valuation, as tech giants like TSMC, Tencent, and Samsung dominate the market, pushing Reliance further down the list.
Tata Consultancy Services (TCS), a leading Indian IT services company, experienced a significant drop in its market capitalization last week due to a broader downturn in the equity market. Despite the decline, TCS remains the second most valued firm in India.
This news update covers a range of topics, including a significant GST notice issued to Zomato by the Karnataka government, a surge in market capitalization of top BSE firms led by Reliance Industries, and flash flood warnings issued by the IMD across India. Additionally, we delve into PM Modi’s latest Mann Ki Baat address, retirement announcements from prominent cricketers, and a resolution to the TISS staffing crisis.
EOS, the native cryptocurrency of the EOSIO blockchain, experienced a significant surge in value on Thursday, climbing more than 10% to reach $0.9292. This marked the sharpest single-day increase since April 25, 2024, pushing EOS’s market capitalization to $1.0311 billion. EOS’s value has climbed by 24.71% over the past week, reflecting a positive trend in the cryptocurrency market. Notably, EOS remains significantly below its all-time high of $22.98, which it reached in April 2018, indicating potential for further growth in the future.
Bitcoin (BTC) has experienced a slight downward trend in the past 24 hours, with its price decreasing by 3.85% to $64,222.00. However, despite this dip, BTC has maintained a positive trajectory over the past week, gaining 5.0% from $61,469.74. The coin’s price movement and volatility have varied over these time frames, as indicated by the Bollinger Bands on the accompanying chart. Additionally, trading volume and circulating supply have declined, with the latter now estimated at 93.76% of the maximum supply of 21 million.
PwC’s latest Global Top 100 report reveals a significant jump in the market cap of the world’s largest public companies. The top 100 companies now boast a combined market cap of $8,438 billion, driven by investor interest in artificial intelligence (AI). Microsoft, Nvidia, Alphabet, Amazon, and Meta contributed to 54% of the market cap growth, with Nvidia alone accounting for 20%. Other sectors besides tech, including consumer discretionary, communication services, and financials, also experienced significant growth.
Over the past 24 hours, BNB’s price has surged by 4.3%, reaching $597.86. This week, it has climbed by over 7.0%. The coin’s all-time high stands at $686.31. Despite a 9.0% decline in trading volume, BNB’s circulating supply has increased by 0.03% to 153.86 million. Currently ranked 4th in market cap with a valuation of $91.99 billion, BNB’s supply represents 76.93% of its maximum 200 million coins.
