U.S. stocks rose on Thursday, driven by Nvidia’s continued success in the technology sector. The dollar also saw gains, trading up in early morning hours. Nvidia, now the world’s most valuable company, has benefited from the growing interest in artificial intelligence applications, with a market capitalization of $3.34 trillion. This has surpassed tech giants like … Read more
Nvidia, the chip company that has emerged as a dominant force in artificial intelligence technology, saw its stock rise by 3.4% on Thursday, leading to overall gains in US stock indices. The S&P 500 reached a record high for the 31st time this year, while the Nasdaq Composite also hit a new record. Despite positive … Read more
The stock market has shown mixed results this year, with the S&P 500 seeing a 15% increase while the Dow Jones Industrial Average has only gone up by 3%. Technology stocks like NVIDIA, Microsoft, and Apple have helped drive the S&P 500 gains, while the Dow Jones is impacted by price-weighted components like UnitedHealth Group … Read more
NVIDIA has seen a tremendous rise in its stock value due to the AI gold rush, but some believe it may be overvalued, drawing comparisons to the dot-com bubble. Morningstar strategist Brian Colello suggests a fair value of $105 per share after a stock split, but the current price sits at $136, indicating overvaluation. From … Read more
NVIDIA experienced a 3.7% increase in pre-market trading, making it the most valuable listed company with a valuation of $3.34 trillion, surpassing Microsoft and Apple. Dell Technologies and Super Microcomputer also saw increases after Elon Musk criticized server infrastructure providers. On the other hand, Trump’s media and technology group fell 12% due to the approval … Read more
Los Angeles Capital Management LLC recently disclosed in its latest filing that it holds $11.45 million worth of stock in Nutanix, Inc. (NASDAQ:NTNX). The investment firm’s stake in the cloud computing company indicates a strong belief in the potential growth and value of Nutanix in the market. Nutanix, Inc. is a leading provider of cloud … Read more
Oracle Autonomous Database is now available in Oracle@Azure Database, operating in Microsoft Azure East US region. This marks the second Oracle database service to run in Oracle Cloud Infrastructure (OCI) within Azure data centers. The Autonomous Database service allows for accelerated application innovation and development speed, offering customers the ability to migrate existing Oracle databases … Read more
US stock indices are poised for early gains on Thursday, following Nvidia’s record-breaking surge that propelled the company to the title of the world’s most valuable public company. Futures tied to the S&P 500 indicated a 0.4% increase after the index closed Tuesday with its 31st record closing of the year. Nasdaq Composite futures saw … Read more
U.S. stock futures saw a slight increase on Thursday, indicating that major indexes could continue to climb after reaching new highs earlier in the week. The Dow Jones Industrial Average futures went up by 39 points, or 0.1%, while S&P 500 contracts rose by 0.4% and Nasdaq 100 futures increased by 0.6%. Investor sentiment is … Read more
Despite both Nvidia and Broadcom being recognized as leaders in the semiconductor industry, their approaches to artificial intelligence (AI) differ significantly. Nvidia has been most notably associated with its innovative graphics processing units (GPUs) that have transformed industries like gaming, automotive, and data centers. On the other hand, Broadcom has focused on developing connectivity chips … Read more