TLDR: Nvidia to replace Intel in Dow Jones Industrial Average from Nov 8 Nvidia stock rose 2.4% on announcement while Intel fell 2.3% Nvidia is second-largest US company by market value at $3.3 trillion Major tech companies forecast increased AI… Article Source https://moneycheck.com/nvidia-nvda-stock-up-replaces-intel-in-dow-jones-industrial-average-amid-ai-boom/
TLDR: OpenAI is developing its first custom AI chip with Broadcom and TSMC, planned for 2026 The company has assembled a 20-person chip team led by former Google TPU engineers OpenAI is adding AMD chips to diversify supply beyond Nvidia The company… Article Source https://moneycheck.com/openai-partners-with-broadcom-and-tsmc-for-custom-chip-development-expands-amd-supply/
TLDR: Nvidia stock is up 190% YTD and 2,830% over 5 years, becoming the world’s second-largest company by market cap AI infrastructure demand remains strong with major tech companies significantly increasing capital expenditure Nvidia maintains… Article Source https://moneycheck.com/still-a-buy-nvidia-nvda-stock-soars-past-3t-market-cap-while-maintaining-growth-trajectory/
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TLDR: Oracle’s Q1 fiscal 2025 earnings beat estimates, with non-GAAP EPS of $1.39 Cloud services and license support revenues increased 10% year-over-year Total cloud revenues grew 22% to $5.6 billion Oracle announced a multi-cloud partnership with… Article Source https://moneycheck.com/oracle-stock-orcl-climbs-as-q1-earnings-beat-expectations-cloud-revenue-surges-22/