Financial Market Preview - Wednesday 3-Dec
Description
US equity futures point to a slightly firmer open, with Asian markets mixed and European equities trading marginally higher. US markets digested a fresh wave of AI disruption headlines as Intel moves to supply Apple with advanced chips and Amazon promotes its Trainium3 AI chip as cheaper and more efficient than Nvidia’s alternatives; Nvidia flagged potential upside to five hundred billion dollars in Blackwell and Rubin bookings while Marvell guided for accelerated growth in custom AI chips and confirmed the acquisition of Celestial AI; On the other hand, consumer resilience theme seems to have found some additional support from strong Cyber Monday sales; Also, Cryptocurrencies staged a sharp rebound led by Bitcoin after a steep early-week selloff, improving near-term risk sentiment while the market continues to price a high probability of a December Federal Reserve rate cut.
Companies Mentioned: ServiceNow, Medline, Warner Bros. Discovery





