SUPER MICRO
Nvidia loses top spot to Microsoft after 3% drop
Nvidia's shares declined, losing its title as the world's most valuable company to Microsoft. Nvidia's market capitalization dropped by $91 billion to $3.34 trillion, while Microsoft's value also decreased to $3.30 trillion.
Nvidia loses top spot to Microsoft after 3% drop
Nvidia, whose market capitalisation surpassed that of Microsoft on Tuesday, was set to lose around $91 billion to its last closing market value of $3.34 trillion, at the current level of $131.88.
Dell, Super Micro providing server racks for xAI's supercomputer
Dell is assembling half of the racks for xAI's supercomputer, Musk said on X. In a reply to another post enquiring about the second partner, the billionaire said "SMC" - referring to server maker Super Micro.
Nvidia hitting $3 trillion propels Jensen Huang’s wealth above Michael Dell’s
On Friday, Huang reached another milestone, surpassing personal computer pioneer Michael Dell to become the world's 13th-richest person with a net worth of $106.1 billion, according to the Bloomberg Billionaires Index. His wealth has increased by more than $62 billion this year, driven by the insatiable demand for Nvidia chips used in artificial intelligence tasks.
Nvidia's market cap hits $3 trillion briefly, overtaking Apple as second most valuable company
The latest rally in Nvidia comes as it prepares to split its stock ten-for-one, effective on June 7, a move that could increase its appeal to individual investors.
Hewlett Packard surges over 12% as AI-server demand powers strong results
Analysts at Bernstein said this suggests potential for HPE and peer Dell Technologies to have "very strong shipments over the next quarter or two as they deliver on backlog", but it depends upon customers being willing to take deliveries earlier.
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Nvidia adds over $200 billion in market value in post-earnings rally
Nvidia's shares surged over 9% on Thursday, adding $218 billion in market value, the second-largest single-day gain in history on Wall Street, fueled by a bumper revenue forecast reinforcing investor confidence in the AI-driven chip demand boom.
Daughter of Divi's founder shells out Rs 80 crore for two Hyderabad properties
Nilima Prasad Divi, daughter of Murali Divi, the founder of Divi's Laboratories, a prominent pharmaceutical company in India, has recently acquired two properties in Hyderabad, totaling Rs 80 crore. The first property, located in Jubilee Hills, spans 12,000 sq ft with a built-up area of 200 sq ft. The second property, also covering 12,000 sq ft, was acquired for a similar amount from Moturi Surya Kamal Prasad, according to the sale deed documents provided by Zapkey.
Nasdaq jumps nearly 1% on Nvidia results cheer, inflation woes drag broader market
The S&P 500 and Nasdaq initially reached record highs, but positive sentiment waned after data revealed a rise in U.S. inflation in May. This concerning news was somewhat offset by reports of increased business activity and decreased unemployment claims, highlighting a complex economic landscape.
Nvidia's blowout forecast adds fresh fuel to AI rally; stock jumps 9%
Nvidia rallied 9% on Thursday as its bumper revenue forecast reinforced investor confidence in the AI-driven boom in chip demand, lifting shares across the semiconductor sector.
Nvidia shares rise as blowout revenue forecast cements AI lead
Taiwan Semiconductor Manufacturing, Nvidia's contract chipmaker, said in April it expects to more than double its advanced packaging capacity this year.
AMD, Super Micro tumble as earnings fall short of lofty AI expectations
Its forecast of $4 billion in AI chip sales for 2024 fell short of Wall Street's lofty expectations, having been used to Nvidia's massive forecasts over the past year.
China acquired recently banned Nvidia chips in Super Micro, Dell servers, tenders show
Chinese entities obtained advanced Nvidia chips through resellers post U.S. ban expansion. The servers contained Nvidia's most advanced chips and were made by various manufacturers. Potential diversions to China were highlighted.
10 Best Mobile Chargers Under 500 for Lighting Fast Charging
Gone are the days when we had to wait for hours to get our phones charged. Modern technology has equipped chargers with various advanced features that make the whole process hassle-free, safe and quick. If you are searching for a similar mobile charger for your phone, then do not forget to check out this article that features the 10 best mobile phone chargers under 500. Shop now.
Super Micro Computer rides AI server boom to join S&P 500
Super Micro Computer, which joins the S&P 500 on Monday, enjoys a rare advantage among server makers that are trying to tap the generative AI boom - close ties with Nvidia that help it launch products faster than rivals Dell and Hewlett Packard Enterprise.
Getting ready for another round of re-rating ? 6 defence stocks with “buy” recos with upside potential of up to 34%
As other sectors dominated by PSU companies come into limelight, defence stocks which ignited the re-rating of PSU stocks have moved into consolidation mode for some time. The question is whether the business is in consolidation mode or not, the answer is tilting toward no. It appears the underlying developments in the sector continue to be going at the same pace or rather even more. Allowing 100 % FDI in space related industries, is probably an indication that focus on defence and related sectors continues. As things are shaping up, it appears the exports would also become a focus area.
Nearly all wealth gained by the world’s rich this year comes from AI
Among the 500 wealthiest individuals, 30 attribute at least some of their fortune to companies that are tracked by the Bloomberg Global Artificial Intelligence Index. Those holdings have boosted their net worth by a combined $124 billion so far this year, accounting for 96% of the total wealth gained on the Bloomberg Billionaires Index.
Nasdaq ends lower ahead of big tech earnings, focus on Fed
The tech-heavy Nasdaq lost ground on Tuesday as the market awaited a spate of high profile corporate earnings and the Federal Reserve convened for its monetary policy meeting.
Super Micro surges as sales projection fuels AI rally
The San Jose, California, company's report after the bell also lifted shares of Nvidia by 1.2%, adding to a 2.3% gain during Monday's session that saw the world's most valuable chipmaker close at a record high.
Why are the super rich snapping up luxury apartments?
It's not just Delhi-NCR. Luxury properties in all big cities are on fire. Mumbai, the country’s largest and most expensive real estate market, has been setting new benchmarks with property transactions. Several large-ticket record-setting transactions involving industrialists, CXOs, actors, and sports personalities have been taking place.
Wedding season: Durable makers witness pickup in sales of entry-level products
Leading home appliance and consumer electronics manufacturers experienced increased sales during the wedding season, driven by demand for entry-level mass products in non-metro cities. Following the festive season's 15-20% growth, companies like LG, Godrej Appliances, and Panasonic extended offers and financing schemes in November for products ranging from washing machines to small kitchen appliances.
Shriram Finance superapp to go live in January
Currently in beta stage, the app called ‘Shriram One’ will go live next month and is set to be launched formally in the next two-three months.
Rural market rebounds, govt’s capex push to pay dividends: Hero MotoCorp CEO
Investors have given a thumbs up to the company’s performance, with its share price on a steady northward movement. Hero MotoCorp CEO Niranjan Gupta deep dives into the strategies the company is undertaking to reinvent itself in a free-wheeling conversation with Sharmistha Mukherjee.
Nifty Auto index stocks: Macro is EV & micro may be ICE; finally macro wins
Did you inquire about buying an EV this festive season? If not then do it, because that will give you an idea of the whole chain in the auto space where to put your money. Also give an idea about what is hype and what real business is about. Real businesses finally eat hype for breakfast as macro finally wins the war of both, the valuations and cash flows and probably the decisive battle will start sooner than later.
Rare blue supermoon to illuminate skies on August 31; here's where all you can view it in India
A rare blue supermoon is set to be visible in the night sky on the evening of August 31. A supermoon occurs when the moon is at its closest point to Earth, making it appear larger and brighter. This particular event is also a blue moon, meaning it is the second full moon in a single month. The last blue supermoon occurred in 2009, and the next one is not expected until 2037. The term "blue moon" does not refer to the color of the moon, but rather the occurrence of a second full moon in a month.
Where to watch 'Super Mario Bros. Movie' online for free? Is 2023 Super Mario Bros. film available on Netflix or HBO Max?
The long-awaited Super Mario Bros. Movie is now accessible for streaming on various Video-On-Demand platforms starting from May 9, 2023. Discover the official channels where you can watch Nintendo's highly anticipated animated film, Super Mario 2023, legally and without any cost.
Micro Labs MD Dilip Surana buys bungalow in Bengaluru for Rs 66 crore
The deal includes land measuring 12,043.22 sq ft with a bungalow measuring 8,373.99 sq ft at Fair Field Layout, formerly known as Race Course Road, according to the sale deed documents.
Creator-focused startup Cosmofeed launches SuperProfile for micro-entrepreneurs
While there are several global platforms such as Linktree that help creators build a landing page, SuperProfile offers a range of monetisation integrations natively built for the Indian ecosystem.
William Green on simplicity of greatest investors, macro vs micro and need for diversification
“It takes a degree of discernment and education to get to a point where you realise most of what people are talking about investing is nonsense, it is a waste of time. Forget about the macro, it is not that it is irrelevant, it is very important but the problem is it is not knowable.”
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