NVIDIA Corp
China’s industrial profits post faster gains in June despite faltering economy
A Chinese flag in Pudong’s Lujiazui Financial District in Shanghai, China, on Sept. 18, 2023. Raul Ariano | Bloomberg | Getty Images China’s industrial profits grew at a faster clip in June, official data showed on Saturday, even as businesses were grappling with a downshift in consumers’ sentiment amid a shaky economic recovery. A 3.6% […]
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Nvidia could be on the verge of a massive technical sell-off, chart analyst warns
Nvidia ‘s slump is hitting some technical milestones that suggest the stock could continue to slide, according to Raymond James. Shares of the dominant maker of chips used in artificial intelligence are down about 8% in July. Raymond James chart analyst Javed Mirza said in a July 25 note to clients that Nvidia has triggered […]
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Stocks making the biggest moves premarket: Coursera, WW International, DexCom, Deckers and more
Check out the companies making headlines before the bell. CrowdStrike — Shares of CrowdStrike were up nearly 2% after CEO George Kurtz said that more than 97% of Window sensors were back online after last week’s global IT outage. However, the stock is on pace for a 17% week-to-date decline. Semiconductor stocks — Nvidia , […]
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Growth stocks are plenty. Veteran growth investor shares how he picks ones that can double their earnings
Some growth stocks, such as major tech companies, had a mostly good run since the start of 2023, but their performance has been unequal. The “Magnificent Seven” stocks have mostly been driving the rally in the S & P 500 . In fact, growth stocks overall had “a very difficult time” in 2022 and some […]
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Tech’s splurge on AI chips has companies in ‘arms race’ that’s forcing more spending
Meta founder and CEO Mark Zuckerberg speaks during the Meta Connect event at Meta headquarters in Menlo Park, California, on Sept. 27, 2023. Josh Edelson | AFP | Getty Images Meta CEO Mark Zuckerberg has been assembling a large stockpile of Nvidia chips, spending billions of dollars so his company can develop and train advanced […]
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S&P 500 futures slip after worst day for benchmark since 2022: Live updates
Traders work on the floor of the New York Stock Exchange (NYSE) on July 24, 2024 in New York City. Spencer Platt | Getty Images Stock futures were mixed Thursday as investors looked ahead to the release of key data and tried to recover after a tough session for Wall Street. S&P 500 futures and […]
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Tesla’s profit margin is getting hammered by EV discounts and hefty AI spending
Elon Musk, co-founder of Tesla and SpaceX and owner of X Holdings Corp., speaks at the Milken Institute’s Global Conference at the Beverly Hilton Hotel,on May 6, 2024 in Beverly Hills, California. Apu Gomes | Getty Images As Tesla CEO Elon Musk continues to make lofty promises about his company’s future in autonomous driving and […]
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AI startup Cohere cuts staff after $500 million funding round
Cohere, the artificial intelligence startup founded by ex-Google AI researchers and backed by Nvidia, cut about 20 roles on Tuesday, CNBC confirmed. The layoffs at Cohere, which had about 400 employees according to the company, follow the completion of a $500 million funding round from investors including AMD, Salesforce, Oracle and Nvidia that valued the company at […]
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Meta debuts newest Llama AI model with help from Nvidia and cloud partners
Meta on Tuesday announced the latest version of its Llama artificial intelligence model, dubbed Llama 3.1. The newest Llama technology comes in three different versions, with one variant being the biggest and most capable AI model from Meta to date. Like previous versions of Llama, the newest model continues to be open source, which means […]
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