The rally in gold (GLD) and silver (SLV) is far from over. This Friday, the government will report the job situation in the U.S. for December. The following week, it will post inflation data. The chances are high that neither report will compel the Federal Reserve to lower interest rates later this month.
Markets are hedging their bets on that assumption. They prefer to hold hard assets in gold. That would protect them from a slump in the U.S. dollar (DXY).
The robotics industry is on high alert after Mobileye (MBLY) announced plans to acquire Mentee for $900 million. Mentee is a startup firm based in Israel. It develops self-driving technology. Mobileye wants exposure in robotic solutions that might work in warehouses, factories, and other areas that might replace people as workers.
Watch Meta Platforms (META)
Shares of Meta might break out of its slump after the firm said that it would delay the international expansion of its augmented reality headset. Demand for its Ray-Ban Display glasses is too high in the U.S. This created a short supply for the product. Customers in Canada, Italy, France, and the UK will need to wait longer before having a chance to buy the glasses.
In the AI segment, momentum traders bet on chip stocks. Nvidia provided details on its next-generation platform, Vera Rubin. That boosted shares of Intel (INTC), Qualcomm (QCOM), NXP Semiconductors (NXPI), and Texas Instruments (TXN).
