This year’s stock market rally has been driven by a small group of tech giants, and experts believe this is a result of the AI theme rather than a negative aspect. The director of the BlackRock Investment Institute, Jean Boivin, stated that this phenomenon is not a defect, and they continue to be overweight on … Read more
Broadcom successfully completed its $69 billion acquisition of VMware after facing regulatory challenges from various countries and navigating complex relations between the US and China. The deal closed in November 2023, and VMware quickly implemented changes to its operations under Broadcom’s ownership. VMware streamlined its product portfolio to focus on two main offerings: VMware Cloud … Read more
Cisco and Jefferies will host a webcast on corporate purpose as a sustainable business driver on February 23, 2024. Fran Katsoudas and Mary de Wysocki from Cisco will discuss how their purpose is driving sustainable growth and creating value for shareholders. The event will be webcast and a replay will be available. Interested parties can … Read more
Thon Hotels, a major hotel chain in Norway, has completed the migration of its entire portfolio to the Oracle Hospitality OPERA Cloud platform. This move is aimed at enhancing global operations and improving guest services. The adoption of OPERA Cloud Property Management, Sales and Events Management, and OPERA Cloud Central now provides Thon Hotels with … Read more
In the midst of the artificial intelligence boom, Nvidia, the chip maker, has claimed the top spot as the most valuable company in the world, surpassing its tech peers like Microsoft and Apple. The company’s stock rose over 3.5 percent to $135.58 per share, pushing its market value to over $3.4 trillion. This surge has … Read more
Nividia, a leading technology company, played a significant role in driving the S&P 500 to a new record high. The Wall Street Journal reported on this development, highlighting the impact that Nvidia has had on the stock market. The company’s strong performance and positive outlook have contributed to the overall success of the S&P 500 … Read more
Chip stocks experienced a surge in after-hours trading on Wednesday, led by chipmaker giant Nvidia. The company’s shares rose by approximately 0.6% to surpass $136 during early morning after-hours trading when U.S. markets were closed. This increase followed Nvidia’s all-time high on Tuesday, closing at $135.58 with a growth of over 3.5%. Similarly, other chip … Read more
Global stock markets showed mixed results today after US chipmaker Nvidia set new records on Wall Street. The company’s shares soared after reporting strong earnings and revenue growth, boosting investor confidence in the tech sector. In the US, the S&P 500 and Nasdaq both closed at record highs, led by gains in tech stocks like … Read more
Stocks saw a significant boost thanks to a rally from Nvidia, a leading technology company. The rally helped stabilize the dollar, providing further support to the market. Investors were encouraged by Nvidia’s performance, leading to an overall positive trend in the stock market. The stability of the dollar also provided a sense of security for … Read more
Broadcom Inc. has announced significant updates to its VMware software portfolio and Broadcom Advantage Partner Program, aimed at simplifying business operations and driving innovation while enhancing profitability for partners. The updates include transitioning to subscription licensing and per-core pricing, streamlining the VMware software portfolio, and standardizing the ecosystem to provide greater value to partners. One … Read more