FedEx leaps after upbeat profit forecast * Nvidia falls, drags chip stocks * Rivian up on Volkswagen joint venture * Amazon crosses $2 trillion in market value By Ankika Biswas, Lisa Pauline Mattackal and Carolina Mandl June 26 – Major U.S. stock indexes closed with modest gains on Wednesday after […]
Nvidia
Nvidia share price rallied over 3% on Tuesday as the chip maker the world’s most valuable company, dethroning tech heavyweight Microsoft. Nvidia shares rose 3.5% to $135.58, lifting its market capitalization by over $110 billion to $3.335 trillion, just days after overtaking iPhone maker Apple to become the second most […]
Apple reclaimed its position as the world’s most valuable company, surpassing Microsoft, on Wednesday. Apple’s shares rose over 2 per cent to $211.75, resulting in a market valuation of $3.25 trillion. In comparison, Microsoft’s market capitalization fell to $3.24 trillion, placing it behind Apple for the first time in five […]
Tech optimism and buoyed expectations of interest rate cuts by the US Federal Reserve and other central banks across the world have added to the ongoing frenzy around artificial intelligence (AI), which has propelled tech shares to new highs. Tech giants Microsoft Corp., Nvidia Corp. and Apple Inc. are now […]
US stocks edged higher on Thursday, driven by strong gains in chip stocks after Nvidia’s upbeat earnings. Nvidia shares rallied 9% on Thursday as its bumper revenue forecast boosred investor confidence in the AI-driven boom in chip demand. ALSO READ: Nvidia profits soar over 600%, revenues above 200% as shares top […]
US stocks were muted on Wednesday ahead of chip giant Nvidia’s quarterly results and the US Federal Reserve’s policy meeting minutes. Nvidia, based in Santa Clara, California, will release its first quarter earnings after the market close on Wednesday. Nvidia’s stock is the third largest on Wall Street, following its […]