Market Report Dec 07 2023

Wednesday's trading session opened positively despite some underperformance in the mega-cap sector impacting broader index results.

The S&P 500 exhibited resilience, reaching a peak increase of 0.5% before concluding the day with a modest 0.4% decline.

AMD announced its new AI chip line which seems to have positioned the company as a more direct competitor to NVDA in the AI market. CEO Lisa Su, projected the AI chip market potential growth to exceed $400 billion by 2027.

And GOOGLE revealed its Gemini large language model and a new AI chip.

We are starting the weekend as it is NFP tomorrow so little to do for us.

Javid Shaik

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