Google to Unveil AI Innovations and New Pixel Phones at Unexpected Aug 13 Event, According to The Verge – Reuters

Google will be hosting a surprise event on August 13 to unveil new artificial intelligence technology and their latest Pixel phones, according to reports from The Verge and Reuters. The tech giant is expected to showcase advancements in AI capabilities, as well as introduce new features and updates to their popular line of smartphones. This … Read more

Nvidia’s Stock Jumps over 5% following $430 Billion Market Decline – Reuters

Nvidia stock experienced a significant increase of more than 5% following a $430 billion market drop, according to a report from Reuters. Investors reacted positively to the news, pushing the stock price up as confidence in the company’s performance grew. The rise in Nvidia’s stock price is a promising sign for the company, demonstrating resilience … Read more

Strength of Nvidia and megacaps drive Nasdaq recovery, Dow retreats: Reuters

Strength of Nvidia and megacaps drive Nasdaq recovery, Dow retreats: Reuters

The Nasdaq rose more than 1% on Tuesday, driven by strength from Nvidia and other mega-caps, while the Dow slipped as investors awaited key inflation data this week for insights into US monetary policy. Nvidia’s stock jumped 6%, recovering from recent losses, but is still below last week’s all-time high. Other tech companies like Arm … Read more

Guyana oil consortium, headed by Exxon, sees significant increase in net profit in 2023, outperforming Nvidia’s margins – Reuters

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

Market Sentiment Dampens due to Nvidia Slump: Morning Bid – Reuters

Nvidia’s recent decline has had a negative impact on market sentiment in the tech industry. Investors are feeling wary as the tech giant’s stock prices continue to drop. This is causing concern among industry professionals and analysts alike. The fall of Nvidia has sent ripples throughout the market, affecting various sectors and companies. It remains … Read more

Google executives Pichai and Brin required to answer questions in digital ads lawsuit – Reuters

Google executives Sundar Pichai and Larry Page have been ordered to appear for questioning in a digital advertising lawsuit. The lawsuit, brought by the Department of Justice, alleges antitrust violations in Google’s digital ad business. The executives will have to answer questions about the company’s practices and provide evidence regarding the allegations. This move comes … Read more

Nvidia slips as focus turns to inflation data, causing mixed futures – Reuters

Stock futures were trading mixed on Tuesday as investors focused on the latest inflation data while semiconductor company Nvidia saw a decline in its shares. Investors are closely watching inflation data as concerns about rising prices continue to weigh on the market. The latest report could provide insight into the Federal Reserve’s next steps in … Read more

Ooredoo CEO announces Nvidia’s launch in Middle East despite U.S. restrictions on AI exports, according to Reuters.

Chip manufacturer Nvidia is set to launch its products in the Middle East despite ongoing restrictions on AI exports from the US to the region, according to Ooredoo CEO in a recent statement to Reuters. The move comes as a significant development in the tech industry, as Nvidia gears up to tap into the growing … Read more

S&P and Nasdaq slip as Nvidia falls for second consecutive day – Reuters

The stock market saw a decline in both the S&P and Nasdaq indices as tech giant Nvidia experienced a second consecutive day of losses. The S&P index and Nasdaq index both fell as a result of Nvidia’s decreasing stock value. This downturn in the market comes amidst growing concerns about the stability of tech stocks, … Read more