Text size Nvidia makes semiconductor chips used to power AI. I-Hwa Cheng/Bloomberg Artificial intelligence can destroy humanity, but not before creating enormous wealth. This is the paradox facing investors now after Nvidia It is The recent earnings report has inadvertently created a large-scale ethical experiment on Wall Street. On Tuesday, days after Nvidia (ticker: NVDA) … Read more
On May 30, Nvidia made headlines by reaching the $1 trillion super-exclusive club for the first time. The maker and designer of AI hardware and software hit a major milestone by increasing its valuation to $280 billion, or nearly 40% since May 15, achieving a nearly unparalleled moonshot in the annals of the markets. capital … Read more
BlackJack3D/Getty Images The rise of ChatGPT has sparked a frenzy for AI stocks in 2023. A “breathtaking” earnings report from Nvidia was the latest catalyst to send AI stocks soaring. These are the 10 best performing artificial intelligence stocks so far in 2023. The promise of generative artificial intelligence through the use of chatbots like … Read more
(Bloomberg) – Former Treasury Secretary Lawrence Summers sees U.S. interest rates rising in the short term and U.S. taxes rising significantly in the long term as the world’s largest economy grapples with a crisis. persistent inflation and soaring public debt. Bloomberg’s Most Read Speaking over dinner at the Peterson Institute for International Economics on Tuesday, … Read more
(Bloomberg) — Cathie Wood says software vendors will be next to ride the artificial intelligence frenzy led by Nvidia Corp. Bloomberg’s Most Read “We look to software vendors that are currently where Nvidia was when we first bought it,” Wood, CEO and founder of Ark Investment Management LLC, told Bloomberg TV on Wednesday. While Nvidia … Read more
The shortened week started with a major crisis averted for the time being. Over the long weekend, a deal was reached between President Biden and House Majority Leader McCarthy that should help resolve the debt ceiling. Oppenheimer’s chief investment strategist, John Stoltzfus, expects a positive reaction to the progress being made to close the deal. … Read more
By David Kirton SHENZHEN, China (Reuters) – For the ambitious Chinese tech entrepreneur, expanding into the United States keeps getting more complicated. Prior to 2019, there were few major barriers to a Chinese company doing business in the United States from China. But amid escalating trade tensions between the United States and China, particularly after … Read more
Worried TraderRichard Drew/Associated Press The current rally in stocks is poised to become the most hated bull market in history, according to market veteran Ed Yardeni. He outlined 4 reasons why investors are not fully buying into the current stock market rally. “The most despicable thing is that the bull has the nerve to charge … Read more
US President Joe Biden and Speaker of the House Kevin McCarthy.Drew Angerer/Getty Images The debt ceiling agreement could increase uncertainty in stock markets, according to Morgan Stanley. Joe Biden and Kevin McCarthy agreed to suspend the US borrowing limit on Saturday night. The S&P 500 plunged 12% in three weeks as the government narrowly avoided … Read more
By Sinéad Carew and Noel Randewich NEW YORK/SAN FRANCISCO (Reuters) – Even after Nvidia Corp’s meteoric rally in recent days, the chip developer’s valuation has actually fallen, at least by one measure widely used by analysts and investors. The chip developer is up more than 31% over the past three sessions, including a 3% gain … Read more