US stock futures (ES=F, NQ=F, YM=F) are flat Tuesday morning coming off the Dow Jones Industrial Average (^DJI) and S&P 500’s (^GSPC) record highs. Top earnings this morning include major banks Bank of America (BAC), Goldman Sachs (GS), and… Article Source https://finance.yahoo.com/video/bank-earnings-nvidia-record-high-131708374.html
NVIDIA’s DGX B200 “Blackwell” AI server has been listed online by server solution provider Broadberry, with a rather astonishing price tag. NVIDIA’s Blackwell DGX B200 System Is Going To Be An Expensive Venture For AI Firms,… Article Source https://wccftech.com/nvidia-blackwell-dgx-b200-price-half-a-million-dollars-top-of-the-line-ai-hardware/
The recent surge in Chinese stocks hit the pause button on Tuesday after Beijing failed to roll out another large stimulus package, a surprise to investors hoping to add more fuel to the unprecedented rally. Hong Kong’s benchmark Hang Seng Index ( Article Source https://finance.yahoo.com/news/live/stock-market-today-tech-nvidia-lead-stocks-higher-as-oil-prices-retreat-china-rally-stalls-170521555.html
Making life harder for all its customers AT&T claimed Broadcom offered to jack up its prices by 1,050 per cent and maybe influencing other vendors to make a migration harder. The colossal price hike claim was mentioned in email… Source link
Oracle shares dropped nearly 5% following Elon Musk’s announcement that his AI startup, xAI, would reduce its reliance on Oracle’s cloud technology. Musk stated the decision was made to maintain a competitive edge in speed over other AI companies. This news comes after talks of a $10 billion cloud deal between the two companies fell … Read more
The S&P 500 reached a new record high on Monday, July 8, 2024, as the trading week started with significant events such as testimony from the Federal Reserve chairman, important inflation data, and bank earnings reports. Intel saw an increase in its stock price due to potential benefits from artificial intelligence. Conversely, Paramount Global shares … Read more
Broadcom reported strong quarterly results with revenue reaching $12.5 billion, beating analyst estimates. The company’s adjusted earnings per share grew to $10.96, surpassing expectations. Broadcom is benefiting from AI-related sales growth and raised its full-year outlook to $11 billion. The company’s CEO, Hock Tan, has a reputation for value-creating M&A strategies, making Broadcom a strong … Read more
ClearBridge Investments, an investment management firm, recently released its Q1 2024 ClearBridge Value Equity Strategy investor letter, showcasing the strategy’s outperformance of the Russell 1000 Value Index in the first quarter. The strategy saw gains in 9 out of the 11 sectors it invested in, with financials and utilities leading the way while real estate … Read more
The analyst firm Gartner has released its 2024 Hype Cycle for data center infrastructure technologies, which includes the concept of devirtualization as a potential area of growth due to changes in Broadcom’s licensing. This shift away from traditional virtualization models is driven by increasing costs and the lack of cost savings for large workloads. Devirtualization, … Read more
The era of Apple’s Intel Macs is coming to an end with the release of macOS Sequoia, which will only support AI features on Apple Silicon devices. As a result, Intel Macs are expected to become cheaper as they may not offer the same level of performance and software updates as the newer Apple Silicon … Read more