Shares of Nvidia Corp., a chipmaker at the center of the artificial intelligence spending boom, fell to their lowest level in three weeks amid concerns over the company’s growth prospects. Some predict that Nvidia’s stock price will decline further. Between 2 p.m. and 2:40 p.m., a trader bought more than 300,000 contracts, betting that Nvidia’s […]
Bitcoin’s decline intensified further in Friday’s Asian trading session as traders reversed their previous bets following the election of US President Donald Trump, falling by 25% from its record high set less than six weeks ago. At 10:13 a.m. Singapore time, the token dropped 2.6% to $82,220, hitting its lowest level since November 11. This […]
In the final hour of trading on Thursday, Wall Street suffered a large-scale sell-off. The reason was that the share price of semiconductor giant Nvidia (NVDA) dropped after it announced its earnings, and US President Donald Trump took more tariff-related measures, dampening market sentiment. Trump confirmed that the proposal to impose a 25% tariff on […]
Nvidia Corp., the chipmaker at the center of the artificial intelligence spending boom, reported decent but not outstanding quarterly results on Wednesday, and investors, accustomed to explosive performance, responded with a shrug. Nvidia said in a statement that its sales for the first fiscal quarter ending in April would reach approximately $43 billion. Analysts on […]
On Tuesday, reports emerged that car sales in Europe had slowed sharply, causing Tesla’s share price to plummet and the electric vehicle maker’s market value to fall below the coveted $1 trillion mark. Tesla’s share price, led by Elon Musk, closed down 8.4% at $302.80, with a market value of $974 billion. The company’s share […]
Morgan Stanley said that the factors that led to the depreciation of the US dollar in the early days of Donald Trump’s first term will again threaten the dollar’s exchange rate in 2025. Morgan Stanley strategists Andrew Watrous, Ariana Salvatore and Arunima Sinha believe that a month after the start of Trump’s second term, many […]
Alibaba Group Holding Limited has committed to investing over 380 billion yuan (53 billion US dollars) in artificial intelligence infrastructure such as data centers over the next three years. This significant commitment highlights the ambition of this e-commerce pioneer to become a leader in artificial intelligence. The Internet company co-founded by Jack Ma plans to […]
Alibaba Group Holding Ltd. reported its fastest revenue growth in more than a year, marking another step forward in the recovery of the Chinese internet pioneer co-founded by Jack Ma after years of turmoil. The company reported that the revenue growth of its two most important departments (e-commerce and cloud services, including its artificial intelligence […]
For months, Zelensky has been striving to maintain a delicate balance: engaging with Trump, who has promised a swift agreement to end the war, while insisting on Ukraine’s participation in any discussions leading to such a deal. This balance became even more precarious last week when Trump spoke with Putin before informing Zelensky and his […]
The soaring US dollar has dimmed the profit outlook for American multinationals such as Amazon and Apple, raising doubts among investors about how long the stock market rally can withstand the strengthening dollar. The US dollar has risen nearly 7% from its September low and is approaching its highest level since November 2022, posing a […]