Nvidia Shares Drop Despite New AI Chip as Investors Await Fed Guidance
• Nvidia unveiled new AI chip Blackwell, but investors weren't impressed, sending shares down 3% premarket • Wall Street awaiting Fed policy meeting Wednesday for guidance on interest rate trajectory • Bank of Japan raised rates for first time in 17 years, ending negative rates • Fed expected to keep rates steady but investors eyeing “dot plot” for rate cut expectations • Key economic data due this week housing starts, unemployment, manufacturing, leading indicators