Apple and Nvidia led a sell-off in tech stocks on Monday on US recession worries and Berkshire Hathaway’s stake sale in the iPhone maker. The magnificent seven – Alphabet, Amazon , Meta Platforms, Microsoft, Tesla, Apple, and Nvidia fell as much as 6.5%. The losses in these seven stocks were […]
Nvidia
We are living in an era where artificial intelligence is transforming the way we interact with technology, driving innovations that were once considered science fiction. Just as the dawn of the internet revolutionized our world in the late 20th century, AI is now reshaping industries and everyday life with unprecedented […]
US technology and semiconductor chipmaking stocks fell from their all-time high levels after concerns over tougher restrictions on global chip sales to China spurred a stock rout on Wednesday, July 17. The tech-heavy Nasdaq slumped nearly two per cent to hit a two-week low, accompanied by losses on the S&P […]
Nvidia Corp. stock uptrend rally since the beginning of last year has finally run out of fuel to push further, according to Pierre Ferragu, an analyst at New Street Research, reported Bloomberg. New Street Research’s Ferragu downgraded Nvidia’s stock to a neutral rating from a buy rating stating reasons for […]
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 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 […]