Stock market fizzles after strong start that was fueled by Nvidia and Walmart

Walmart reported strong sales and profits that exceeded Wall Street expectations, attracting more cash-strapped Americans amid economic uncertainty. The retailer's performance reflects a growing trend of consumers seeking deals in a sluggish economy.

Walmart reported strong sales and profits that exceeded Wall Street expectations, attracting more cash-strapped Americans amid economic uncertainty. The retailer's performance reflects a growing trend of consumers seeking deals in a sluggish economy.

Walmart has raised its full-year earnings and sales outlook as shoppers continue to flock to the retailer, particularly in anticipation of the holiday shopping season. The boost is attributed to increased e-commerce activity and a rise in higher-income shoppers.

The Justice Department's case against former FBI Director James Comey faces new challenges, including a federal judge's order for the release of grand jury records due to prosecutorial misconduct. Additionally, recent emails related to Jeffrey Epstein reveal influential individuals who sought his advice. Meanwhile, tech giant Nvidia has reported impressive earnings, indicating strong performance in the tech sector.

Nvidia reported earnings that exceeded expectations by more than $2 billion, showcasing strong financial performance. This positive outcome has implications for market sentiment and investor confidence amid ongoing concerns about a potential AI bubble.

Nvidia's shares have seen an increase due to strong demand for its AI chips, which have significantly contributed to the company's performance since the launch of ChatGPT in late 2022. Analysts predict that this demand will continue, alleviating concerns about a potential AI bubble.

Nvidia reported strong third-quarter earnings, surpassing Wall Street expectations with $57 billion in revenue, a 62% increase from the previous year. Analysts had anticipated revenue of $54.92 billion. The company's performance is attributed to its leading role in the AI sector.

Elon Musk and Nvidia have announced a partnership with a Saudi state-backed firm to establish a large-scale AI data center. This development coincides with Crown Prince Mohammed bin Salman's visit to Washington, where the U.S. government appears to have facilitated Saudi Arabia's acquisition of American semiconductors. The collaboration aims to enhance AI capabilities and infrastructure in the region.