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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.
Nvidia overtakes Apple as world's No. 2 most valuable company
Nvidia's stock hits record high, surpassing Apple to become second most valuable company at $3 trillion. Silicon Valley chipmaker to split stock ten-for-one on June 7. Microsoft remains the world's most valued company with market value at $3.15 trillion.
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.
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.
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.
Top companies back move to set up open cloud compute network
People+ai, an initiative by EkStep Foundation co-founded by Nandan Nilekani, set out last year to address increasing compute demand in the country, which is increasing with AI.
Best Mouse Pads Under 200 in India for Smooth and Anti-Slip Experience
Are you looking for a mouse pad for your home or office use? If so, then continue reading this article where we have shared a list of the best mouse pads under 200 in India. All of these mouse pads flaunt the right features like surface material, size, thickness and edges which are also under your budget.
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.
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