Nvidia has surpassed Microsoft to become the most valuable company in the world, with its Canadian-hedged shares leading the gains in premarket trading. The company’s stock has risen 174% in 2024 due to the ongoing AI boom, with many employees becoming millionaires thanks to their stock options. Nvidia CEO Jensen Huang has advised workers to take charge of their time and work ethic.
Constellation Energy, a nuclear power producer, is also seeing a surge in pre-market trading as investors realize the importance of power for running data centers in the AI industry. The company is expected to enter into a “colocation” agreement with Big Tech players to provide carbon-free energy for their data centers.
Dell Technologies shares have risen after CEO Michael Dell announced a partnership with Nvidia to build an AI factory to boost the capabilities of Grok, an AI model developed by Elon Musk’s company, xAI. Musk plans to build a supercomputer to power the next version of his AI chatbot Grok.
Sainsbury’s has agreed to sell its banking business to NatWest, with the deal expected to be completed in the first half of next year. NatWest will take over around one million customer accounts and various financial assets from Sainsbury’s, with no immediate changes to customer terms and conditions expected.
Overall, these developments in the tech and energy sectors reflect the ongoing growth and innovation in the AI industry, with companies like Nvidia and Constellation Energy riding the wave of the AI boom to new heights in market value and potential partnerships.
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https://uk.finance.yahoo.com/news/nvidia-constellation-dell-natwest-trending-tickers-083513795.html