The shares of Dell Technologies jumped a record 25% on Friday propelled by optimistic projections foreseeing an upswing in the demand for information technology equipment to capitalize on the flourishing artificial intelligence (AI) trend. The market boost will help to add another $17.7 billion to Dell’s market value as itRead More →
In terms of m-cap Nvidia is only behind Microsoft Corporation and Apple Inc. As per media sources, the current m-cap of Nvidia stands at $1.8 trillion while those of Apple and Microsoft are at $2.8 trillion and $3 trillion respectively. Shares of Nvidia Corporation on the Nasdaq have been inRead More →
Shares of smaller AI firms rallied on Thursday after the world’s most dominant artificial intelligence chipmaker, Nvidia, disclosed stake in them, offering clues on its growth strategy. The rally showed Nvidia’s growing influence in the AI world as its market value grows at a scorching pace, making it the thirdRead More →
Asian markets traded mostly lower and US stocks gained overnight while treasury yields rose on expectations that US inflation will remain high. The domestic benchmark indices ended Wednesday’s volatile session marginally higher amid mixed global cues. The Sensex closed 92.47 points, or 0.14%, higher at 66,023.24, while the Nifty 50Read More →
Shares of Nvidia touched a record high on Thursday, a day after the company blew past expectations with its quarterly revenue forecast as an artificial-intelligence boom fueled demand for its chips. Nvidia shares, which had run up in the days leading up to its report, climbed more than 6% onRead More →
US stocks slumped more than 1% on Thursday ahead of Federal Reserve Chair Jerome Powell’s speech at Jackson Hole, Wyoming, on Friday. The S&P 500 lost 59.7 points, or 1.35%, at 4,376.31. The Dow Jones Industrial Average fell 373.56 points, or 1.08%, at 34,099.42. The Nasdaq Composite dropped 257.06 points,Read More →
WASHINGTON : Shares of Nvidia, already one of the world’s most valuable companies, skyrocketed Thursday after the chipmaker forecast a huge jump in revenue, signaling how vastly the broadening use of artificial intelligence could reshape the tech sector. The company based in Santa Clara, California, is close to joining theRead More →
On the Wall Street, Nasdaq and S&P 500 soared on Thursday on rally in Nvidia shares and other AI-related companies, and on progress in US debt ceiling talks. The S&P 500 gained 36.07 points, or 0.88%, at 4,151.27. The Nasdaq Composite surged 213.16 points, or 1.71%, at 12,698.09. The DowRead More →
.S. stock indexes climbed on Thursday as a strong sales forecast from Nvidia boosted chipmakers and outweighed worries that the Federal Reserve will keep raising interest rates for longer after data highlighted a tight labor market. Nvidia Corp surged 14.3% to a more than 10-month high after the chip designerRead More →
