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Nicholas Megaw

US capital markets correspondent

Nicholas Megaw is a capital markets correspondent in New York, where he leads coverage of the US stock and derivatives markets. He was previously retail banking correspondent and a breaking news reporter based in London.

Nicholas joined the FT in 2015 from the BBC. He graduated from Oxford University and was a Harlech Scholar at Harvard University.

Email Nicholas Megaw @NicholasMegaw  on Twitter (link opens in a new browser window)
  • Wednesday, 19 June, 2024
    US equities
    Most stocks hyped as winners from AI boom have fallen this year

    Artificial intelligence frenzy has powered Nvidia to peak of US equity market but elsewhere investors become more selective

    Jensen Huang, co-founder and chief executive of Nvidia, speaking in Las Vegas this week as his company became the world’s largest by market value
  • Tuesday, 18 June, 2024
    Nvidia
    Nvidia vaults past Apple and Microsoft as world’s most valuable company

    Landmark moment for US chipmaker caps explosive rally fuelled by investor excitement over artificial intelligence

    Jensen Huang speaks onstage in his signature leather jacket with the Nvidia logo behind him
  • Friday, 14 June, 2024
    Corporate bonds
    Chinese companies rush to tap US convertible bond market

    Issuers encouraged by ready pool of specialist hedge fund buyers for hybrid debt

    Alibaba logo on a screen at NYSE
  • Sunday, 9 June, 2024
    IPOs
    Biotechs line up for IPOs in bullish sign for US listings market

    Two developers of drugs for inflammatory diseases are latest to disregard poor performance of newly listed companies

    scientist in microbiology laboratory working with E coli culture
  • Friday, 7 June, 2024
    GameStop Corp
    GameStop stock drops on share sale plan and Roaring Kitty livestream

    Video game retailer launches second capital raise in less than a month amid renewed price swings

    GameStop logo displayed on smartphone screen
  • Thursday, 6 June, 2024
    Nvidia
    Nvidia overtakes Apple as its market capitalisation surpasses $3tn

    Chipmaker rides AI-fuelled rally that has contributed to broader S&P 500 gains

    A person walks past an Nvidia logo at Computex in Taipei, Taiwan
  • Monday, 3 June, 2024
    New York Stock Exchange LLC
    NYSE cancels erroneous trades of Berkshire and other stocks after glitch

    Exchange investigates ‘technical issue’ just days after brief disappearance of live data for S&P 500

    Traders at the New York Stock Exchange
  • Thursday, 7 March, 2024
    Reddit Inc
    Reddit’s pre-IPO roadshow to kick off next week

    Social media platform’s public debut will be closely watched as a gauge of the appetite for tech listings

    A montage of the Reddit logo and US dollar bills in the background
  • Monday, 4 March, 2024
    News in-depthJBS SA
    JBS faces ‘greenwashing’ lawsuit as opposition mounts to NY listing

    Environmentalists accuse Brazilian meatpacker of fuelling Amazon destruction

    A worker spreads salt over meat to be dried and the packed at a JBS plant in Santana de Parnaiba, Brazil
  • Friday, 1 March, 2024
    Reddit Inc
    Reddit targets valuation as high as $6.5bn in IPO

    Social media platform plans public listing later this year in test of investor appetite

    The Reddit logo
  • Friday, 1 March, 2024
    Nvidia
    AI boom makes Nvidia third US stock to close above $2tn valuation

    Chipmaker joins Apple and Microsoft in reaching milestone after blistering share price ride

    The Nvidia logo
  • Thursday, 29 February, 2024
    Corporate bonds
    Tech companies cash in on ‘frothy’ stock rally with convertible bond sales

    US borrowers raised $7bn this month by selling convertible debt

    A person prepares to ride a Lyft bike in San Francisco
  • Thursday, 22 February, 2024
    Reddit Inc
    Reddit plans share sales to platform’s users as it moves ahead with IPO

    Prospectus filing shows $804mn in revenue and a $91mn net loss in 2023

    The Reddit logo on a mobile device
  • Thursday, 22 February, 2024
    Nvidia
    Nvidia sales surge on AI ‘tipping point’

    World’s most valuable chip company predicts even stronger sales on back of artificial intelligence spending frenzy

    The Nvidia logo at its headquarters in Santa Clara, California
  • Thursday, 22 February, 2024
    Equities
    Nvidia share surge powers global stock markets to new records

    US, European and Japanese markets hit all-time highs after chipmaker reignites AI optimism

    Phone with Nvidia logo on screen with computer motherboard
  • Wednesday, 21 February, 2024
    US equities
    Nvidia-linked stocks drew big bets days before filing sparked rally

    Options volumes leapt for Nano-X and SoundHound ahead of details on chipmaking giant’s stakes

    The Nvidia logo at its headquarters in Santa Clara, California
  • Monday, 12 February, 2024
    Biotech
    US biotech fundraising boom ends 2-year deal drought

    Drug developers raised $6bn in January, helped by a rebound in merger activity

    Kyverna Therapeutics staff celebrate its listing on the Nasdaq stock exchange
  • Thursday, 8 February, 2024
    US equities
    S&P 500 reaches 5,000 to mark record for US stocks

    Blue-chip benchmark’s gains have been led by a handful of the largest companies

    Traders work on the floor at the New York Stock Exchange
  • Tuesday, 6 February, 2024
    Markets
    Traders abandon hopes of March interest rate cut but keep betting against Fed

    US central bank chair sees three reductions in 2024 while markets price in five

    Jay Powell, chair of the Federal Reserve, speaks to media
  • Sunday, 4 February, 2024
    US equities
    Magnificent Seven’s grip on markets slips as investors look past AI hype

    Gaps emerge between the largest tech groups as the focus shifts to concrete results

    Montage of logos of the top tech groups
  • Friday, 2 February, 2024
    Reddit Inc
    Reddit chooses New York Stock Exchange for long-stalled IPO

    Social media platform’s valuation is expected to have tumbled from $10bn in 2021

    Reddit sign and logo
  • Friday, 2 February, 2024
    Meta Platforms
    How Meta got over Silicon Valley’s disdain for dividends

    Social media giant joins Apple and Microsoft in offering payout to placate investors concerned about big R&D spend

    A person stands in front of a Meta sign outside the company’s headquarters in Menlo Park, California
  • Friday, 2 February, 2024
    News in-depthShein
    Shein battles counterfeiting lawsuits as online retailer pursues US IPO

    Singapore-based fast-fashion company says it ‘takes all claims of infringement seriously’

    Models present creations during Shein ‘Endless Summer’ fashion show in Paris last June
  • Thursday, 1 February, 2024
    IPOs
    Arc’teryx apparel maker Amer Sports raises less than hoped in IPO

    Maker of Wilson tennis rackets raises $1.37bn in largest US listing by a Chinese-owned company since 2021

    Wilson tennis rackets
  • Sunday, 21 January, 2024
    Equities
    Kaspi looks beyond London listing to brighter lights of New York

    Fintech group is latest UK-listed tech company to seek higher valuations and better liquidity in US

    The Nasdaq MarketSite in New York
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