Market Report Nov 16 2023

Written By Javid Shaik

The major indices secured modest advancements on Wednesday. This upward trend has been sustained since the release of recent CPI data.

MSFT announced the introduction of a proprietary AI chip yesterday. This innovation, alongside a chip based on ARM designs, is a strategic move by MSFT to reduce its reliance on NVDA.

And TSLA successfully regained its position above the 50MA.

Javid Shaik
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