"The markets are kicking off the month of December on the downside, with all three of the major stock market averages trading in the red this morning, including a 0.87% drop in the Nasdaq Composite. Alphabet's ( Nasdaq: GOOGL) Google remains in the spotlight but is down 1.6% today. Morgan Stanley analysts are bullish on GOOGL, saying the stock is poised to reap a windfall amid rising demand for its TPU AI solution."
"There could be a new chairman at the helm of the Federal Reserve by the end of this year. Reports indicate that President Trump is considering a handful of potential replacements for Jerome Powell, including current and past Fed governors as well as a BlackRock executive. According to betters on Kalshi, the top choice is reportedly Kevin Hassett. Here's a look at where things stand as of morning trading: Dow Jones Industrial Average: 47,500.30 Down 216.12 (-0.44%) Nasdaq Composite: 23,176.51 Down 189.95 (-0.81%)"
"Nvidia ( Nasdaq: NVDA) has reclaimed the headlines, revealing an expanded partnership with Synopsys ( Nasdaq: SNPS) to "revolutionize design and engineering across industries" through which the AI leader will invest a cool $2 billion in Synopsys stock. SNPS stock is celebrating, up 4.2%, while NVDA stock is gaining fractionally."
U.S. markets opened December lower with all three major averages trading in the red and the Nasdaq down roughly 0.87%. Google fell 1.6% despite Morgan Stanley optimism that rising demand for its TPU AI solution could benefit the stock. President Trump is reportedly considering replacements for Fed Chair Jerome Powell, with Kevin Hassett cited as a top choice by some betters. Nvidia announced an expanded Synopsys partnership and plans to invest $2 billion in Synopsys stock, pushing SNPS higher. Wedbush predicts technology will drive 2026 performance and reweights its AI winner list. Coinbase shares moved lower.
Read at 24/7 Wall St.
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