Nvidia Corp.’s run as the world’s most valuable company didn’t last long. Shares of the semiconductor giant have fallen 6.7% in the last two days, erasing over $220 billion in market capitalization and dragging the company from its place as the world’s top stock. Nvidia’s market cap was about $3.1 trillion on Friday, lower than … Read more
(NewsNation) — For the third year in a row Apple is the world’s most valuable brand, surpassing $1 trillion in brand value for the first time, according to a new ranking by Kantar’s BrandZ. The Silicon Valley iPhone maker beat out fellow tech brands Google ($753 billion), Microsoft ($713 billion) and Amazon ($577 billion). Burger … Read more
Less than three years after first deliveries commenced (but almost eight years after they were originally revealed), Rivian is already facelifting its R1T pickup and R1S SUV. Rivian doesn’t want to simply call this a facelift or mid-cycle refresh, though — instead the brand is calling the updated R1 lineup the “second generation” of the … Read more
Nvidia’s stock price has more than doubled this year after more than tripling in 2023 and it’s now the third most valuable company in the S&P 500. Nvidia’s stock rose again Wednesday to surpass $3 trillion in market value. The company is also about to undergo a stock split that will give each of its … Read more
Good morning! It’s Wednesday, June 5, 2024, and this is The Morning Shift, your daily roundup of the top automotive headlines from around the world, in one place. Here are the important stories you need to know. Ultra Cruise is GM’s Answer to Tesla’s So-Called ‘Full Self-Driving’ 1st Gear: Tesla Loses Some Very Early Supporters … Read more
It really seems like Tesla CEO Elon Musk is pushing his automaker’s needs by the wayside in favor of Twitter and his artificial intelligence company, xAI. It also looks as if Musk is going back on his April promise that Tesla will drastically increase the number of Nvidia H100 (the company’s flagship AI chip) it … Read more
US officials have slowed the issuing of licenses to chipmakers such as Nvidia Corp. and Advanced Micro Devices Inc. for large-scale AI accelerator shipments to the Middle East, according to people familiar with the matter, while officials conduct a national security review of AI development in the region. It’s unclear how long the review will … Read more
Nvidia’s shares rallied around 6% to hit a record high on Tuesday, leaving the AI chipmaker’s stock market value about $100 billion away from overtaking Apple in a major reshuffle of Wall street’s biggest players. Last trading at $1,128, Nvidia’s market capitalization reached $2.8 trillion, compared to a market value of $2.9 trillion for Apple, … Read more
The Nasdaq closed at a record high on Monday while the S&P 500 gained slightly as technology stocks advanced ahead of Nvidia’s highly anticipated earnings and investors gauged the timing of an interest rate cut by the Federal Reserve. The S&P 500 technology index led gains among the 11 major S&P sectors, rising 1.32%, helped … Read more
A rebound that has taken the U.S. stock market to record highs this week may have further to run, if history is any guide. Fresh signs of a cooling economy calmed inflation worries in May, helping all three major U.S. stock indexes rise to records this week. The benchmark S&P 500, which fell over 4% … Read more
