The Smart Infrastructure Market is expected to grow to USD 2,109.5 Billion by 2029, driven by the increasing demand for efficient infrastructure solutions in urban areas as populations grow. This growth is fueled by factors such as the proliferation of IoT, AI, and connected devices, as well as the global shift towards sustainable energy solutions. … Read more
The global LoRa and LoRaWAN IoT market is expected to see significant growth in the coming years, with a projected increase from USD 8.0 billion in 2024 to USD 32.7 billion by 2029. This growth is attributed to factors such as the increasing demand for low-power, long-range connectivity, advancements in IoT technologies, and a focus … Read more
Stocks rose as technology companies like Nvidia led gains, following a major selloff. The S&P 500 and Nasdaq 100 both saw positive movements, with Carnival Corp. also rising due to a positive outlook. Federal Reserve Governor Michelle Bowman expressed concerns about inflation risks, while Lisa Cook hinted at potential rate reductions in the future. Investors … Read more
Government data from Guyana revealed that last year, an Exxon Mobil-led consortium secured a lucrative deal generating $6.33 billion for partners. The trio enjoyed a combined net margin of 56%, surpassing that of Nvidia Corp. The consortium’s revenue rose by 23% to $11.25 billion in 2023 due to the addition of a third production vessel, … Read more
On Monday, U.S. stocks experienced a decline, largely influenced by a sell-off in tech stocks, particularly Nvidia. The tech giant saw a 5% drop and is now down 14% from its recent all-time high, following a 143% surge this year. This decline is mainly attributed to profit-taking after the significant rally experienced by Nvidia. Investors … Read more
Day traders who have been benefiting from the AI-driven stock market frenzy have been reaping significant profits week after week. However, a group of retail investors who heavily invested in a leveraged ETF are now facing substantial losses amounting to $400 billion due to the drop in Nvidia Corp’s stock value. The GraniteShares 2x Long … Read more
Hewlett Packard Company HPE and NVIDIA NVDA are set to launch a suite of AI solutions called NVIDIA AI Computing from HPE. The premarket trading on Tuesday saw a rally in stocks, with HPE’s stock trading 2.47% higher at $22.38. This collaboration follows HPE’s return to revenue growth in June, driven by AI momentum. The … Read more
Nvidia, the American chip company, has surged past Microsoft and Apple to become the most valuable company globally. With a share price of almost US$136, its market valuation stands at US$3.34bn. Nvidia’s dominance in AI chips, particularly for training and running powerful AI models like OpenAI’s ChatGPT, has fueled its growth and profitability. This has … Read more
In his upcoming testimony before a U.S. House committee, UnitedHealth Group CEO Andrew Witty will reveal that hackers were able to access Change Healthcare’s IT systems in February by using stolen credentials. This allowed them to log into a Citrix remote access portal with an account that did not have multi-factor authentication enabled. The testimony, … Read more
The USA caused a major upset in the T20 World Cup by defeating Pakistan in a thrilling match that ended in a Super Over. Pakistan could only score 159/7 in their 20 overs, and the USA matched this total with 159/3, leading to a tiebreaker. Saurabh Netravalkar from the USA played a crucial role, restricting … Read more