Traders on the New York Stock Exchange experienced a rebound in the S&P 500 and Nasdaq Composite, with NVIDIA recovering from a slump, while the Dow Jones Industrial Average was down due to declines in Boeing, Goldman Sachs, and Home Depot. Volkswagen plans to invest up to $5 billion in Rivian, a struggling electric vehicle … Read more
Cisco has launched Meraki India Region, a cloud region hosted locally in compliance with data localization regulations. Daisy Chittilapilly, president of Cisco India and SAARC, is optimistic about India’s potential to become one of Cisco’s top five markets in the coming years. She believes India’s growth will drive Cisco’s growth and that the country will … Read more
The chief strategist at Interactive Brokers expressed his preference for trading Broadcom over Tesla among the ‘Magnificent Seven’ stocks during an interview with CNBC. In January, analysts recommended replacing Tesla with Broadcom in the line-up of Nvidia, Meta Platforms, Amazon, Alphabet, Microsoft, and Apple. They cited Broadcom’s alignment with the current market trend and their … Read more
NVIDIA CEO Jensen Huang spoke at a conference in San Jose, California, highlighting the latest developments in artificial intelligence. The Dow Jones Industrial Average experienced a significant drop of more than 600 points, attributed to Boeing’s performance. Despite reaching all-time highs, both the S&P 500 and Nasdaq Composite ended the day in negative territory. On … Read more
HCLTech Ltd, an IT services company, announced its acquisition of the assets of Communications Technology Group (CTG) from Hewlett Packard Enterprise (HPE) for $225 million in an all-cash deal. Approximately 1,500 CTG employees specializing in the telecommunications industry will join HCLTech in countries such as Spain, Italy, India, Japan, and China to serve clients globally. … Read more
Ola Group has successfully migrated all of its workload to Krutrim Cloud, its own AI company, just one week after ending its partnership with Microsoft Azure. Bhavish Aggarwal, the founder and CEO of Ola, announced this transition on the social media platform X (formerly Twitter) on May 22. Aggarwal stated that the company’s Azure spend … Read more