Author: Vitaliy Dadalyan

A Clear-Cut Biden Win Is Emerging as a Bull Case for Stocks

(Bloomberg) -- With Joe Biden’s lead widening in the polls and President Donald Trump’s campaign sidelined by the virus, investment strategists now say there’s less of a chance for a contested election.A clear-cut Democrat victory could avoid a long and messy legal battle and provide certainty to markets that have been nervous about election risks, according to strategists from Citigroup Inc. to JPMorgan Chase & Co.The S&P 500 was up about 1% as of 9:32 a.m. in New York, havens including bonds are seeing little demand and the greenback is down.“Polls are shifting from a close election and prolonged uncertainty to more a dominant Biden and clean succession,” said Peter Rosenstreich, head of market strategy at Swissquote Bank SA. “That is reducing uncertainty and increasing risk appetite.”JPMorgan Says a Biden Victory Could Mark a Shift in Stock MarketCross-asset traders are taking the newsflow in their stride, despite confusion over the president’s...

Nvidia lays out plan to create new kind of data center chip

Models with limited features will debut in months, while full-fledged versions are planned within two years, Nvidia said in a press briefing. Server companies such as Dell Technologies and Lenovo Group Ltd plan to integrate them into their machines, it added. Nvidia chips have long been used to improve video game graphics, but in recent years they have helped to speed up artificial intelligence tasks such as image recognition....