Stocks higher, Nvidia, Microsoft, General Electric, General Motors
Investors are waking up to a huge day on Wall Street, with a host of third quarter earnings, PMI data, a 2-year note auction and mega-cap tech updates all on the slate.AI leader Nvidia is reportedly looking to leverage technology from Arm Holdings to make chips for the PC market in what could be a major challenge to Intel.
Microsoft, which fired the starting gun on the 2023 AI frenzy through its investment in ChatGPT creator OpenAI, is still likely to rely on revenue growth from its legacy cloud unit to power first quarter earnings.GE Aviation once again powered the group's third quarter top and bottom lines, with GE now forecasting full-year free cash low north of $5 billion.
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