The global campus switch market experienced a 23% decline in revenue in the first quarter of 2024 compared to the previous year, with Arista and Ubiquiti being the only vendors to see an increase in revenue during this period. This decline was attributed to the effects of Covid-19, where companies had panic-ordered switches due to … Read more
Cisco Systems, Inc. (NASDAQ: CSCO) saw a 0.9% increase in its stock price during midday trading on Tuesday, reaching $47.72. There were 2,766,506 shares traded, which was significantly lower than the average volume. Analysts have mixed ratings for the company, with some raising price targets and others maintaining a hold rating. The company recently announced … Read more
Nutanix has conducted its sixth annual Financial Services Enterprise Cloud Index (ECI) survey, showcasing upcoming trends in the financial services and insurance industry. The key takeaway is a projected threefold increase in hybrid multicloud adoption over the next three years, driven by the need for improved data security, ransomware protection, and the integration of AI … Read more
Nvidia’s stock price saw a significant increase on Tuesday, allowing the company to reclaim its $3 trillion valuation after a series of declines that caused it to lose its status as the world’s most valuable public company. The stock closed 6.7% higher, pushing its market capitalization to $3.1 trillion and alleviating concerns among investors about … Read more
Mashreq, a leading financial institution in the MENA region, has announced an expansion of its collaboration with Oracle Financial Services to support its global growth. The bank will replace its core systems with Oracle solutions to modernize and optimize its operations in key international hubs such as Hong Kong, the United States, and the United … Read more
ETFs that track the performance of Nvidia, a prominent player in the AI industry, have seen significant growth this year. These unique leveraged ETFs are focused solely on Nvidia, offering investors the potential for higher returns through added directional leverage. The T-REX 2X Long NVIDIA Daily Target ETF has seen a significant 425% increase in … Read more
Groq, a competitor of Nvidia in the development of AI chips, is reportedly set to be valued at $2.5 billion in a new funding round led by Blackrock. The company is rumored to be raising $300 million with the help of Morgan Stanley, although Groq and Blackrock have not commented on the matter. This new … Read more
After a recent correction in the market, Nvidia has seen a rebound in its share price. However, some experts are warning that this may make buying shares in the company even more risky. The market clock is ticking for investors considering purchasing Nvidia stock. Article Source https://www.marketwatch.com/story/nvidias-rebound-from-its-correction-only-makes-the-stock-more-dangerous-to-buy-c3e62a3c
The Exxon-led Guyana oil group saw a significant increase in net income in 2023, according to a report from Reuters. The company’s margins exceeded those of Nvidia, a major player in the technology industry. This positive financial performance underscores the growing importance of the oil sector in Guyana, as well as the potential for further … Read more
US stock futures were mixed on Tuesday following a decline in semiconductor manufacturers that brought markets down in the previous session. The Dow Jones Industrial Average futures dropped slightly, while S&P 500 contracts edged up and Nasdaq 100 futures saw a slight increase. Chip stocks, which have been a major driver of the S&P’s growth … Read more