Latest Updates Around The World
SoftBank Group Corp. sold his entire stake in Nvidia Corp., pocketing $5.8 billion ahead of a series of planned investments by founder Masayoshi Son to build his own sphere of influence in support of artificial intelligence.The Tokyo-based company had increased its stake in Nvidia to about $3 billion by the end of March. That effort […]
Michael Burry, the investor immortalized by The big short one for predicting the 2008 housing market collapse has once again roiled global markets. His fund, Scion Asset Management, has taken a bearish position on Nvidia and Palantir, two of the biggest symbols of the ongoing artificial intelligence (AI) boom, according to a CNN report. Scion […]
Key Takeaways Loop Capital Markets, an investment bank, brokerage and advisory firm, raised its price target for Nvidia stock from $250 to $350 on Monday. The move implies a market cap of $8.5 trillion if Nvidia meets that target. Loop Capital analyst Ananda Baruah said the tech industry is entering a “Golden Wave” of AI […]
Key Takeaways On Wednesday, Nvidia became the first company to achieve a market value of $5 trillion. The next two largest companies are Microsoft and Apple, and each has a market value of approximately $4 trillion. Nvidia shares have grown more than 50% this year. Four months after crossing the $4 trillion mark, Nvidia has […]
Stock markets hit record highs on Wednesday on optimism about US trade deals, the AI sector and an expected interest rate cut by the US Federal Reserve. On Wall Street, both the S&P 500 and Nasdaq Composite hit record highs as trading began, following new peaks in London and some Asian markets as US President […]
Foxconn Chairman Young Liu (right) and Nvidia CEO Jensen Huang speak at Computex 2025 in Taipei on May 20, 2025. AFP via Getty Images Foxconn, a key AI server manufacturing partner of US chip giant Nvidia, has announced plans to spend up to NT$42 billion ($1.4 billion) on purchasing equipment for an AI data center. […]
Intel shares rose as much as 7.8% in early trading Friday, hitting an 18-month high, as investors rallied behind CEO Lip-Bu Tan’s aggressive cost-cutting measures that helped the chipmaker beat quarterly profit expectations and regain stability amid a wave of high-stakes bets on future growth. The results mark a turning point for Intel, which has […]
A consortium led by global asset manager BlackRock, along with chipmaker Nvidia and tech giant Microsoft, plans to acquire Aligned Data Centers from Australian financial services firm Macquarie in a deal worth about $40 billion.The acquisition underlines the tech sector’s escalating race to build artificial intelligence infrastructure – from chips and servers to large-scale data […]
Wall Street continues to determine more records and excitement about the artificial intelligence industry remains paramount. The S&P 500 climbed by 0.4% to set up a record -high after mixed trade on Monday. The industrial average of Dow Jones fell 63 points, or 0.1%, while the Nasdaq composite rose by 0.7% to its own record. […]
Taiwan’s Foxconn, the world’s largest contract electronics maker, reported a record income from the third quarter on a strong demand for artificial intelligence products, although it missed the market forecast and offered caution about exchange rates. The turnover for the largest server maker of NVIDIA and the best iPhone assembler from Apple jumped with 11 […]
