Nvidia, a leading company in artificial intelligence chips, has experienced a historic fall in market value, losing $430 billion in just three days. This drop is the largest in history for any company, with more than half a trillion dollars vanishing since its peak last week. The CEO’s decision to sell $1 billion worth of … Read more
Ashwini Ashtankar, a senior tools development engineer at NVIDIA’s Pune office in India, recently took advantage of the company’s unique perk of two extra days off per quarter for all employees to disconnect and recharge. These days off, fully paid for by NVIDIA, are in addition to regular holidays and time off programs. Ashtankar used … Read more
The Rabbit R1, an AI wearable device, has faced criticism since its launch in May due to limited functionality and performance issues. Furthermore, a security flaw was recently discovered, with hardcoded API keys allowing access to all user responses. Despite Rabbit’s response in changing API keys, the vulnerability was active for almost two months, raising … Read more
Nvidia shares experienced a significant drop of 16% last week, resulting in a market value reduction of $431 billion. The sudden decline, without any major news driving it, has led some analysts to attribute it to profit-taking by investors. Despite this decline, some experts on Wall Street view the situation as an opportunity to purchase … Read more
Earlier today, Nvidia experienced a significant stock market crash, resulting in over $500 billion in shares being wiped out. This marks the largest short-term loss for any company in history. However, just a few days ago, Nvidia became the most valuable company globally, with a net worth of around $2.9 billion. The drop caused Nvidia’s … Read more
Nvidia CEO Jensen Huang spoke at the COMPUTEX forum in Taipei, Taiwan, on June 4, 2024. Following a brief stint as the most valuable company in the world, Nvidia has experienced a three-day decline, dropping 13% from its high. This decrease has had a ripple effect on other chipmakers and technology companies connected to the … Read more
Investors experienced a significant dip in technology stocks as companies like Nvidia, Dell, Arm, Qualcomm, and Broadcom saw their shares drop in value. Despite the recent decline, many of these companies have seen substantial gains over the past few years as interest in artificial intelligence technology has grown. Nvidia, in particular, has seen its value … Read more
Broadcom Inc. (NASDAQ: AVGO) will soon trade ex-dividend, with an ex-dividend date of June 24. Investors who buy shares before this date will be eligible for the next dividend payment of $5.25 per share on June 28. The company has a residual yield of 1.2% based on past dividends. Dividends are crucial for long-term investors, … Read more
Broadcom Inc. (NASDAQ:AVGO) is set to go ex-dividend in the next three days, meaning investors must own the stock by June 24 to receive the upcoming dividend of $5.25 per share. The company has a residual yield of 1.2% based on its current share price of $1,802.52. Dividends are important for long-term investors, but it’s … Read more
Broadcom CEO Hock Tan acknowledges the discomfort caused by changes post-acquisition of VMware, but emphasizes that the changes were made to innovate faster, meet customer needs more effectively, and improve business operations. Tan expressed optimism that the changes would lead to increased profitability and better market opportunities for partners. In the first 100 days since … Read more