Nvidia briefly hit $2 trillion in market value for the first time on Friday, a day after adding $277 billion in stock value. Thursday’s M-Cap rally by Nividia was Wall Street’s largest one-day gain for a single company in history after the heavyweight chipmaker’s quarterly report beat expectations and reignited a rally fuelled by optimism … Read more
Shares of Nvidia have surged this week after the chipmaker posted strong fourth quarter results earlier this week. Nvidia, a leading manufacturer of the graphics processing units (GPUs) typically used for artificial intelligence (AI) models, saw its shares jump 16 percent on Thursday and had climbed another 3 percent as of midmorning Friday. The surge … Read more
New York: The benchmark S&P 500 index hit a fresh record high on Thursday after a blowout revenue forecast from AI darling Nvidia boosted investor confidence in the sector and sparked a rally in growth and technology stocks. Nvidia’s shares surged 15.2% after the chip designer forecast a roughly three-fold surge in first-quarter revenue on … Read more
Tokyo: SoftBank Group’s stock rose as founder Masayoshi Son considers the creation of a $100 billion chip venture that would supply AI-enabling semiconductors. Shares in the Tokyo-based tech investor gained as much as 3.2% after Bloomberg News reported the 66-year-old billionaire is seeking funding for a foray into AI chips to compete with Nvidia Corp. … Read more
Nvidia eclipsed Google-parent Alphabet as the third most valuable U.S. company on Wednesday, just after overtaking Amazon and as investors looked to the dominant AI chipmaker’s upcoming quarterly report. The Santa Clara, California company’s stock rose 2.46%, putting its value at $1.825 trillion, while Alphabet’s stock climbed 0.55%, leaving it with a value of $1.821 … Read more
Tesla has had a rough twelve months. The company failed to act on its first mover advantage in the U.S., and it’s market share dropping like a stone. Chinese EV makers are coming on strong, pushing Tesla out of many European and Asian driveways. It has been fraught with massive recall after massive recall. The company’s … Read more
Wall Street’s enthusiasm about artificial intelligence has Nvidia on the verge of becoming more valuable than Amazon for the first time in two decades, and the AI chipmaker is not far behind Google-owner Alphabet. A 40% surge in Nvidia so far in 2024 has elevated its market capitalization to $1.715 trillion as of mid-day trading … Read more
Intel slumped over 10% on Friday following a bleak first-quarter revenue outlook, as the chipmaker plays catch-up in the AI race, while also dealing with weak demand in the PC market. Intel was set to lose about $22 billion in market value, if premarket losses hold, based on its share price of $44.39. Its stock … Read more
The cost of making further progress in artificial intelligence is becoming as startling as a hallucination by ChatGPT. Demand for the graphics chips known as GPUs needed for large-scale AI training has driven prices of the crucial components through the roof. OpenAI has said that training the algorithm that now powers ChatGPT cost the firm … Read more
Photo: Honda Honda’s classic Motocompo is beloved by car journalists, JDM enthusiasts, and anyone else with an affinity for weird transportation. When its successor, the Motocompacto, was released, we all rejoiced — finally, a tiny little fold-up scooter for the modern era. Plenty of us Jalops even considered getting one for ourselves. Honda’s Motocompacto Is … Read more
