A Russian court issued Google a gargantuan fine — $20.6 decillion — for banning accounts on YouTube. Nobody expects Google to pay the sum, which exceeds the world’s GDP. The fine points to a Russian legal… Article Source https://www.businessinsider.com/russia-20-decillion-google-fine-shows-legal-system-adrift-2024-11
To gain an edge, this is what you need to know today. Strong ADP Data Please click here for an enlarged chart of Advanced Micro Devices, Inc. AMD. Note the following: This article is about the big picture, not an individual… Article Source https://www.benzinga.com/general/market-summary/24/10/41634837/amd-earnings-show-power-of-nvidia-software-adp-data-defies-expectations
After a volatile summer following a consistently upward first half of the year, Broadcom Inc. AVGO shares are again on the verge of highs. In the past three weeks alone, they’ve jumped more than 30% and come within $4 of hitting June’s… Article Source https://www.benzinga.com/news/earnings/24/10/41198188/broadcom-defies-volatility-why-wall-street-expects-more-gains
The recent performance of Nvidia in the S&P 500 has raised questions about the effectiveness of diversification in investing. Despite the impressive growth of semiconductor stocks like Nvidia and Advanced Micro Devices, diversifying remains a sensible strategy for mitigating risks in the market. The semiconductor sector’s rally may continue in the short term due to … Read more
The United States recently implemented new export control rules for advanced AI and HPC processors, restricting sales to Chinese entities and limiting supplies to select Middle Eastern countries. However, Nvidia believes it can secure an export license to sell its AI GPUs to Ooredoo, a telecommunications giant operating in Qatar, Algeria, Tunisia, Oman, Kuwait, and … Read more
Despite a slowing growth rate, chip giant Broadcom (NASDAQ:) has managed to outperform most of its peers in the semiconductor industry. The company reported a 5% year-over-year increase in revenue to $8.88 billion for the fiscal third quarter of 2023, ending in July. This is, however, a deceleration from the 8% growth witnessed in the … Read more