Stocks Retreat as Nvidia Falls and Economic Data Weakens, Halting Record Rally

Stocks Retreat as Nvidia Falls and Economic Data Weakens, Halting Record Rally

On Thursday, U.S. stocks experienced mixed results, with the S&P 500 and Nasdaq closing lower, breaking a streak of gains that had seen both indexes reach record highs. Nvidia, a tech giant, fell by 3% after reaching record levels earlier in the day, impacting the overall market. Economic data revealed concerning trends, with home construction … Read more

Amazon’s stance on halting Nvidia chip orders clarified – Times of India

Amazon’s stance on halting Nvidia chip orders clarified – Times of India

Amazon Web Services (AWS), the cloud services unit of Amazon, has clarified that it did not stop any orders for NVIDIA’s most powerful artificial intelligence chip, Grace Hopper. A previous report by the Financial Times had suggested that AWS had suspended orders for NVIDIA’s advanced “superchip,” Grace Hopper. However, an AWS spokesperson stated that the … Read more