Nvidia, known for its AI chips, saw a rapid decline in value following a historic $430 billion loss in market capitalization over just three days. This drop, the largest of its kind, came after surpassing Microsoft and Apple in value. Despite the recent decline, CEO Jensen Huang executed a Plan 10b5-1 trading plan, liquidating nearly … Read more
Broadcom, a leading semiconductor company, is facing a decline in its market value due to a five-session drop in its stock price. This decline has put Broadcom on track to lose its market capitalization to Boeing, a significant blow to the company’s standing in the market. The drop in Broadcom’s stock price has raised concerns … Read more
Global semiconductor stocks experienced a turbulent day of trading on Tuesday following a sharp drop in the shares of Nvidia, the American chip-making giant. The market reaction to Nvidia’s loss of over $500 billion in market capitalization over three trading days led to declines in chip companies in Europe and Asia initially. However, Nvidia’s shares … Read more
Nvidia, an American chipmaker, recently lost its position as the world’s most valuable publicly traded company after a significant drop in its shares, falling by nearly 13% last week. This loss led to a decrease in its market capitalization from $3.34 trillion to $2.91 trillion, placing it below Microsoft and Apple in terms of overall … Read more
Nvidia has experienced a significant stock loss over the past three days, setting a record for the largest three-day decline in history. The company, known for its artificial intelligence technology and microchips, had seen a remarkable rise in value since 2023, becoming the largest and most valuable company in the world in terms of market … Read more
Nutanix recently reported its first-quarter fiscal 2022 financial results, with a non-GAAP loss of 22 cents per share, narrower than expected. The company’s revenues of $378.5 million also beat estimates, showing a 21% increase from the year-ago quarter. Nutanix’s Annual Contract Value billings saw a significant jump of 33% during the quarter, marking the highest … Read more
U.S. stocks are on track for a quiet end to the week on Friday, with the S&P 500 down 0.2% and the Dow Jones Industrial Average up 0.1%. The Nasdaq composite is down 0.3%, led by a 2.9% drop in NVIDIA stocks. Despite its recent decline, NVIDIA’s shares have skyrocketed over 1,000% since October 2022. … Read more
Since Broadcom’s acquisition of VMware, the company has been facing backlash from customers due to significant licensing cost increases. Many customers, including the European cloud organization CISPE, have criticized Broadcom’s tactics, calling them brutal and potentially damaging to the cloud infrastructure sector in Europe. One customer, Computershare, spoke about their experience at a conference, revealing … Read more
Global share registry operator Computershare has decided to part ways with VMware due to Broadcom’s latest licensing regime and price hikes. During the Nutanix Next conference, Computershare’s CTO Kevin O’Connor mentioned that the company was using two hypervisors, including VMware, and was quoted a significantly increased price for the non-Nutanix hypervisor. This prompted Computershare to … Read more