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Biden administration officials met with AI industry leaders to discuss US data center development and infrastructure needs. The talks emphasized public-private partnerships and addressing the sector's workforce requirements.
Asian shares rise, buoyed by Wall Street's tech-driven rally. Japan's Nikkei 225 soars 2.8% amid currency fluctuations and concerns over Nippon Steel's U.S. acquisition bid.
Taiwan's exports hit an all-time monthly high of $43. 64 billion in August 2024, surpassing expectations. The growth was fueled by strong demand for AI chips and holiday season preparations.
Asian stocks fell following weak U. S. job data, sparking economic concerns. Japan's GDP growth disappoints, while Chinese markets face losses due to inflation data, impacting global financial sentiment.
U. S. markets fell on Friday, with tech stocks hit hard. Investors grapple with mixed economic data and potential interest rate changes, leading to increased market volatility.
The U. S. Department of Justice intensifies its antitrust investigation into Nvidia, issuing subpoenas amid concerns over the company's market practices. This development impacts Nvidia's stock price amidst recalibrating AI expectations.
Major stock indexes plummeted as weak manufacturing data and tech sector struggles reignited economic concerns. The Nasdaq fell 3.3%, while investors await the August jobs report and Federal Reserve's next move.
Indian stock market set to open at all-time high, buoyed by global gains and domestic inflows. Investors await crucial economic data as Nifty 50 continues its impressive winning streak.
Asian shares mostly declined as markets shifted focus to upcoming U. S. economic data. Nvidia's earnings report and its impact on tech stocks influenced global market sentiment.
Indian shares expected to open lower, influenced by global market trends. Reliance Industries in focus after media merger approval. Investors await U.S. economic data and Reliance's AGM.
Nvidia reports $30 billion Q2 revenue, up 122% year-over-year, easing concerns about AI investment bubble. Strong sales to tech giants fuel growth, despite some analyst skepticism.
Nvidia's latest quarterly results showcase unprecedented growth, driven by AI semiconductor demand. The tech giant's market value soars, rivaling industry leaders and significantly impacting S&P 500 gains.
Super Micro Computer's shares dropped 25% following a delayed annual report filing and accusations of accounting manipulation by Hindenburg Research. The company faces scrutiny over financial controls and past issues.
FTSE 100 and FTSE 250 remain steady as pharmaceuticals and insurers lead slight gains. Market anticipates key economic data and Nvidia's earnings for insights on Fed rate cuts and AI-driven rally.
Indian stock market expected to open steady near all-time highs. Investors cautious ahead of key economic data, with profit-taking anticipated in overheated sectors.
Indian stock market expected to open steady near record highs. Global markets pause on U.S. rate cut anticipation, while oil prices rise due to Middle East tensions.
The U. S. Supreme Court is set to review two significant cases involving Nvidia and Meta, which could reshape the landscape of shareholder class actions. Business groups have filed amicus briefs, highlighting the cases' broader implications.
Asian stocks mostly advanced, mirroring Wall Street's upward trend. China maintained lending rates, while Australia's central bank emphasized inflation control. Markets await Fed Chair Powell's speech at Jackson Hole.
Cisco Systems plans to lay off 5,900 employees as it refocuses on AI and cybersecurity. The tech giant reports Q4 earnings and forecasts future growth amid restructuring efforts.
Recent US employment data sparks market turmoil. Experts analyze Fed decisions, tech stock valuations, and dollar strength amid economic uncertainty. Insights on market trends and global financial dynamics.
Japan's Nikkei 225 index rebounds sharply, leading Asian markets' recovery. U.S. markets face challenges due to economic slowdown fears and tech stock volatility, while global factors add complexity.
U. S. chip stocks plummeted, marking their worst day since 2020, following Arm Holdings' conservative forecast. The downturn reflects growing concerns about AI investment returns and economic cooling.
Major tech companies experienced significant market cap declines in July 2024 due to disappointing Q2 results and concerns over AI investments. Apple and Tesla bucked the trend with notable increases.
Samsung reports a 15-fold increase in Q2 profits, driven by rebounding chip prices. The tech giant anticipates strong AI-related demand for semiconductors in the second half of 2024.
Nvidia plans to launch a modified version of its Blackwell AI chip series for the Chinese market, complying with U. S. export regulations. The move aims to maintain Nvidia's market share in China.
Global shares stabilize as markets digest Biden's withdrawal from the presidential race and China's surprise rate cut. Wall Street gains led by tech stocks, while oil and gold prices decline.