Gate Cryptocurrency News and Market Analysis

NVIDIA closed at $238.9 on December 5 (local time), marking its second consecutive record high as the company approaches a $6 trillion market capitalization milestone. The stock rallied following the company's November 28 announcement of a record $150 billion share buyback authorization increase

ValueFinder issued a research report on DY&C on the 6th, projecting the automotive parts manufacturer's defense subsidiary will establish itself as a new growth axis alongside rapidly improving core business profitability. The independent research firm highlighted that LIG D&A, a guided weapons

Independent research firm ValueFinder published a report on DYC (310870) on the 6th, forecasting that the automotive parts manufacturer's profitability is rapidly improving while its defense subsidiary is establishing itself as a new growth axis. The report highlighted that LIG D&A, a guided

Meritz Securities issued a report on October 6 forecasting that major Korean brokerage firms' third-quarter net profit will decline sharply from the first half of 2024, while maintaining an overweight rating on the securities sector. Researcher Jo A-hae estimated combined Q3 net profit for five majo

Daesin Securities issued a report on October 6 projecting KOSPI could reach 7500-7700 if the index stabilizes above the 7100 level, following its recovery to 7000 on October 2 after five trading days. The securities firm identified oil price stability as the remaining key variable after Micron's

The USD/KRW exchange rate fell 1.60 won to 1,342.40 won at 6 AM on October 6, compared to the previous Seoul trading session close of 1,344.00 won, despite broader global dollar strength. The decline occurred during thin trading volumes as South Korea's foreign exchange market observed a

KB Asset Management increased its stake in JLK, a medical AI company, to 6.56% from 5.09%, adding 376,819 shares approximately three months after initially becoming a major shareholder in June, according to financial industry sources on the 6th. The asset manager's total holdings rose from 1,309,845

Yuanta Securities downgraded Hyundai Department Store's target price on the 6th from 263,000 won to 120,000 won while maintaining its 'buy' investment rating. The brokerage cited difficulty maintaining double-digit sales growth rates given the elevated revenue base starting from Q4 last year,

Novavax Inc. (NVAX) stock jumped 20% on Monday, recording its best session since January, as rival Vaxcyte's positive pneumonia vaccine trial results and speculation about a plague outbreak in Russia lifted vaccine sector stocks. Vaxcyte announced that its experimental pneumonia vaccine, VAX-31,

Daishin Securities on the 6th lowered its target price for NAVER from 320,000 KRW to 290,000 KRW while maintaining a Buy investment opinion. The downward revision reflects slowing growth in advertising and commerce revenue alongside rising costs from artificial intelligence infrastructure investment

Lucid reported a sharp cut in third-quarter output and a year-over-year drop in deliveries after the quarter ended September 30, with shares staying flat in after-hours trading on Monday. The company built 2,954 vehicles and delivered 3,806, below a Wall Street estimate of 4,687 units according to

Daol Investment & Securities on the 6th lowered Samsung Biologics' target stock price from 2.1 million won to 2 million won. Researcher Lee Ji-soo explained the adjustment reflects earnings estimate revisions and the issuance of 2.27 million new shares following a capital increase. Samsung Biologics

The U.S. Department of Energy announced a conditional $4.2 billion loan commitment on Monday to Vistra (VST), a Texas-based utility operator, to modernize and expand power production at nuclear facilities in Pennsylvania and Ohio. The funding targets rising regional electricity costs and surging

Korea Investment & Securities upgraded the target price for Saniel Electric, a transformer supplier, from 270,000 won to 300,000 won while maintaining a 'buy' rating, citing expected benefits from US and European regulatory measures targeting Chinese power equipment including inverters. Analysts

West Texas Intermediate traded near $89 a barrel on Oct. 6, extending its decline for a second day after falling 3.7% over the previous two sessions, while Brent closed around $100 a barrel. The drop followed recovery in crude exports from the Persian Gulf and a sharp selling price cut by Saudi

Morgan Stanley upgraded Wells Fargo (NYS:WFC) to Overweight from Equal-weight and named it a Top Pick on 5일 (미국 현지 시각), according to CNBC. Analyst Manan Gosalia set a $102 target price, implying 27% upside from the closing price on 지난 2일. The upgrade addresses Wells Fargo's underperformance

DraftKings (NAS:DKNG) shares rose over 5% following Bank of America's upgrade of the sports betting company. On the 5th, BofA analyst Julie Huber raised her investment rating on DraftKings from Neutral to Buy while maintaining a $27 price target, according to CNBC and Yahoo Finance. Huber assessed t

Thirty-seven KOSDAQ special-listing companies used future earnings estimates to set IPO prices last year, but only two met their same-year projections, according to data submitted by lawmaker Kang Jun-hyun's office from the Financial Supervisory Service. The two successful companies both listed in