CNBC Daily Open: Nvidia's new chip, GameStop soars

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CNBC Daily Open: Nvidia's new chip, GameStop soars
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Indian Prime Minister Narendra Modi appears set to win a third term, while South Africa’s ruling African National Congress lost its 30-year parliamentary…

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribeinto 2025 amid lackluster demand. A smaller group from the alliance, including Saudi Arabia and Russia, will also extend voluntary cuts of 1.7 million barrels per day.

"It's a meme stock that has no fundamentals," Art Hogan, chief market strategist at B Riley Wealth, told Reuters."The valuation of that stock has always been a bit of a question mark. It certainly isn't making any money and is trading almost at an unfathomable level.".

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