STOCK MARKET BLOG MAY 2023

by the CEO Silvano Grimaldi of the independent asset management company GRIMALDI & PARTNERS AG

MONTHLY REVIEW

Most of the international stock markets ended the month of MAY with slight gains.

DRIVING FACTORS

Hopes for a breakthrough in the US debt dispute.
Overall, current economic data turned out better than expected.

EQUITIES IN FOCUS

Nvidia predicts sales above expectations - share increases

Nvidia has predicted sales for the current quarter well above expert expectations. The US chip manufacturer promised around eleven billion dollars on Wednesday, May 24th, 2023 after the US stock market closed. Analysts polled by Refinitiv expect $7.15 billion. In the past quarter, sales of $7.2 billion were above the forecast of $6.5 billion. ....................

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MONTHLY OUTLOOK

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STOCK RECOMMENDATION: NVIDIA

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