Source: PaxForex Premium Analytics Portal, Fundamental Insight Nvidia currently dominates the AI accelerator market, boasting a market share estimated to exceed 90%. Despite the high price of its AI chips, customers are willing to invest to stay at the forefront of the AI revolution. Intel is set to launch the third generation of its Gaudi AI accelerators later this year. Although the company had a $2 billion backlog for AI chips a few months ago, it expects only around $500 million in Gaudi 3 sales for 2024, possibly due to supply...
Source: PaxForex Premium Analytics Portal, Fundamental Insight The Australian Trade Balance for April came in at A$6,548M. Economists predicted a figure of A$5.370M. Forex traders can compare this to the Australian Trade Balance for March, reported at A$4,841M. Exports for April decreased by 2.5% monthly, and imports plunged by 7.2% monthly. Forex traders can compare this to exports for March, which contracted by 0.6% monthly, and imports, which rose by 4.2% monthly. Australian Home Loans for April rose 4.3% monthly, and Investment...
Source: PaxForex Premium Analytics Portal, Fundamental Insight Walt Disney is experiencing a busy June, marked by a major theatrical release and enhanced theme park experiences. Despite Disney shares dipping over the past two months, several catalysts could reignite investor optimism. The debut of new attractions in Japan and Florida coincides with the peak summer travel season. Additionally, a new movie is set to be the first of three major animated features Disney plans to release in theaters by the end of the year. Here's what to...
Source: PaxForex Premium Analytics Portal, Fundamental Insight The New Zealand Terms of Trade Index for the first quarter rose by 5.1% quarterly, and Export Volume rose by 6.3% quarterly. Forex traders can compare this to the New Zealand Terms of Trade Index for the fourth quarter, which plunged 7.8% quarterly, and Export Volume, which increased 2.6%. Export prices for the first quarter decreased by 0.3% quarterly, and Import Prices dropped by 5.1%. Forex traders can compare this to Export Prices for the fourth quarter, which contracted by...
Source: PaxForex Premium Analytics Portal, Fundamental Insight Australian Business Inventories for the first quarter increased by 1.3% quarterly and Australian Company Gross Operating Profits dropped by 2.5% quarterly. Forex traders can compare this to Australian Inventories for the fourth quarter, which decreased by 1.6% quarterly, and Australian Company Operating Profits, which increased by 7.1% quarterly. Company Pre-Tax Profits for the first quarter plunged 8.4% quarterly. Forex traders can compare this to Company Pre-Tax Profits for...