Intel CEO Pat Gelsinger holds a wafer sample during his keynote speech at the Computex conference in Taipei on June 4, 2024. AFP | Getty Images Intel Shares rose 8% in extended trading on Monday after the company announced it would transform its foundry business into an independent unit with its own board of directors […]
Stocks fall as inflation data dampens excitement over rate cuts, chipmakers and solar gain on Harris-led boost: What’s driving markets on Wednesday? Wall Street saw a broad-based sell-off on Wednesday, with the exception of the technology sector, as investor optimism about progress in disinflation cooled following a mixed inflation report for August. The Consumer Price […]
Traders work on the trading floor of the New York Stock Exchange (NYSE) in New York City, USA, September 9, 2024. Brendan McDermid | Reuters There were sell-offs on Wednesday as new U.S. inflation data dampened traders’ hopes of a sharp interest rate cut by the Federal Reserve later next week. The S&P500 was trading […]
Jensen Huang, co-founder and CEO of Nvidia, demonstrates the new Blackwell GPU chip during the Nvidia GPU Technology Conference on March 18, 2024 in San Jose, California. David Paul Morris/Bloomberg via Getty Images NVIDIA plunged 9.5% on Tuesday, wiping nearly $300 billion off the chipmaker’s market capitalization and dragging chip stocks down with it. Intel […]
Traders work on the trading floor of the New York Stock Exchange (NYSE) in New York City, USA, August 30, 2024. Brendan McDermid | Reuters U.S. stock futures were little changed on Tuesday evening after major averages fell at the start of September. Dow Jones Industrial Average futures fell by 5 points or 0.01%. S&P […]
A trader works on the trading floor of the New York Stock Exchange. NYSE Stocks fell on Tuesday as technology stocks struggled and traders prepared for a potentially difficult month. The Dow Jones Industrial Average 450 points or 1.1% lower. The S&P500 fell by 1.1%, while the Nasdaq-Composite fell by 1.4%. Stocks came under downward […]
CNBC’s Jim Cramer said Thursday he hopes Wall Street will abandon its oversized view NVIDIA now that the company’s long-awaited earnings report is in the rearview mirror. Perhaps investors can now turn their attention to other worthwhile stocks that were “lost in the Nvidia chaos,” he said. “I hope that after this quarter, Nvidia will […]
The HyperCube uses advanced immersion cooling technology. Sustainable metal cloud The boom in artificial intelligence is increasing the demand for more powerful processors and the energy required to cool data centers. This is an opportunity for data center company Sustainable Metal Cloud, which operates “sustainable AI factories” consisting of its HyperCubes in Singapore and Australia. […]
U.S. stocks rose on Friday as investors closed out the best week of 2024, part of a market recovery after a sharp decline at the start of August. The S&P500 rose 0.2% to 5,554.25, while the Nasdaq-Composite rose 0.21% to 17,631.72 on Friday. Dow Jones Industrial Average rose 96 points, or 0.24%, to 40,659.76. This […]
Walmart is providing a long-overdue example of how artificial intelligence can boost business productivity during a turbulent time for its preferred market. “WMT made a strong statement about generative AI and how it speeds up critical workflows and saves the company money,” Morgan Stanley analyst Simeon Gutman wrote in a note. “It was one of […]
