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Nvidia Overtakes Apple As World's Most Valuable Company
Nvidia dethroned Apple as the world's most valuable company on Friday, following a record-setting rally in the stock powered by an insatiable demand for its new supercomputing AI chips.
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Nvidia's Market Value Tumbles by $279 Billion as Wall Street Drops
Nvidia saw the deepest ever single-day decline in market value for a US company. The company lost $279 billion (roughly Rs. 23,42,608 crore) in market capitalisation, a major indication that investors are becoming more cautious about emerging AI technology.
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Nvidia's Forecast Dampens AI Enthusiasm in Other Tech Stocks
Nvidia dropped almost seven percent and lost $200 billion (roughly Rs.16,77,898 crore) in stock market value after it forecast third-quarter gross margins that could miss market estimates and revenue that was largely in line. A handful of other AI-related companies shed around $100 billion (roughly Rs. 8,38,948 crore) in combined value.
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Why Is 'World's Most Important Stock' Nvidia Falling, Expert Explains
Artificial intelligence behemoth Nvidia on Wednesday said quarterly sales reached a higher-than-expected $30 billion in the last quarter, though that growth was slower than the furious pace seen in previous quarters.
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AMD to Acquire Server Builder ZT Systems for $4.9 Billion in Cash and Stock
AMD has announced that it will acquire server manufacturer ZT Systems as the company looks to compete with Nvidia in terms of hardware and AI chips. The Taiwanese firm says that intends to finance 75 percent of the $4.9 billion acquisition with cash, while it plans to pay the remaining portion in stock.
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Apple Shares Reach Record High After Morgan Stanley's "Top Pick" Comment
Apple's shares rose 2.5% to a record high on Monday after Morgan Stanley raised its price target on the iPhone maker's shares and designated the stock as a "top pick," citing the company's AI efforts as a boost to device sales.
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AI Chip Demand Drives Taiwan Chipmaker TSMCs' Second Quarter Profits Up By 30%
The world's largest contract chipmaker, whose customers include Apple and Nvidia, has benefited from a surge towards AI that has pushed TSMC's stock - and the broader Taiwan market - to record highs.
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AI Startup Funding More Than Doubles in Q2, Crunchbase Data Shows
Overall startup funding grew 16% sequentially to touch $79 billion in the last quarter, primarily driven by investments in AI, which became the largest sector for the first time, followed by healthcare and biotech.
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Explained: Is AI Going to Change The Way We Invest In Stock Markets?
Artificial Intelligence (AI) has made inroads on multiple fronts in our lives. And investing in stock markets is the latest one set to be transformed by advancements in AI.
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Nvidia Rides AI Boom to Dethrone Microsoft as World's Most Valuable Company
Nvidia became the world's most valuable company on Tuesday, dethroning tech heavyweight Microsoft as its high-end processors play a central role in a scramble to dominate artificial intelligence technology.
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Shutterstock ImageAI, an Enterprise-Focused AI Text-to-Image Generator Launched
Shutterstock ImageAI, a generative artificial intelligence (AI) platform that allows users to generate images from text prompts, was announced last week. Shutterstock, the stock photos, videos, and music repository, and the data and AI firm Databricks collaborated to build the text-to-image AI platform. The company claims the platform is aimed at e...
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AI-Led Tech Craze Leaves Mega Indian Software Stocks In The Dust
Shares of India's vaunted IT outsourcing firms are facing a reality check, as global investors' rush into the artificial intelligence theme starts to leave pricey old-economy tech stocks behind.
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EyeEm Stock Photo Marketplace Updates Its Policy to Use Uploaded Content to Train AI Models
EyeEm, the stock photo marketplace, has updated its terms and conditions to specify that the company which is presently owned by Spain-based Freepik, can use the uploaded content on the platform to train artificial intelligence (AI) and machine learning (ML) models. The platform has also told its users that in case they do not consent to this, they...
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Google Parent Alphabet Joins $2 Trillion Club as Results Show AI Strength
Google closed above the $2 trillion mark on Friday in a first for the company as the company's latest results showed investors that Google would be a major player in the artificial intelligence (AI) arena. Alphabet's stock rose 10 percent on Friday, adding almost $200 billion to the company’s market capitalization in its biggest one-day jump sinc...
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Apple Stock Value Surges By $112 Billion After Signal of AI Intent
Apple's decision to upgrade its upcoming Mac computers with artificial intelligence (AI) features, appears to have struck a chord with investors. The company's stock was up 4.3% on Thursday, adding $112 billion in value, as the company's stock recorded its best performance in nearly a year after the market punished the firm for stagnation.
-
Nvidia Overtakes Apple As World's Most Valuable Company
Nvidia dethroned Apple as the world's most valuable company on Friday, following a record-setting rally in the stock powered by an insatiable demand for its new supercomputing AI chips.
-
Nvidia's Market Value Tumbles by $279 Billion as Wall Street Drops
Nvidia saw the deepest ever single-day decline in market value for a US company. The company lost $279 billion (roughly Rs. 23,42,608 crore) in market capitalisation, a major indication that investors are becoming more cautious about emerging AI technology.
-
Nvidia's Forecast Dampens AI Enthusiasm in Other Tech Stocks
Nvidia dropped almost seven percent and lost $200 billion (roughly Rs.16,77,898 crore) in stock market value after it forecast third-quarter gross margins that could miss market estimates and revenue that was largely in line. A handful of other AI-related companies shed around $100 billion (roughly Rs. 8,38,948 crore) in combined value.
-
Why Is 'World's Most Important Stock' Nvidia Falling, Expert Explains
Artificial intelligence behemoth Nvidia on Wednesday said quarterly sales reached a higher-than-expected $30 billion in the last quarter, though that growth was slower than the furious pace seen in previous quarters.
-
AMD to Acquire Server Builder ZT Systems for $4.9 Billion in Cash and Stock
AMD has announced that it will acquire server manufacturer ZT Systems as the company looks to compete with Nvidia in terms of hardware and AI chips. The Taiwanese firm says that intends to finance 75 percent of the $4.9 billion acquisition with cash, while it plans to pay the remaining portion in stock.
-
Apple Shares Reach Record High After Morgan Stanley's "Top Pick" Comment
Apple's shares rose 2.5% to a record high on Monday after Morgan Stanley raised its price target on the iPhone maker's shares and designated the stock as a "top pick," citing the company's AI efforts as a boost to device sales.
-
AI Chip Demand Drives Taiwan Chipmaker TSMCs' Second Quarter Profits Up By 30%
The world's largest contract chipmaker, whose customers include Apple and Nvidia, has benefited from a surge towards AI that has pushed TSMC's stock - and the broader Taiwan market - to record highs.
-
AI Startup Funding More Than Doubles in Q2, Crunchbase Data Shows
Overall startup funding grew 16% sequentially to touch $79 billion in the last quarter, primarily driven by investments in AI, which became the largest sector for the first time, followed by healthcare and biotech.
-
Explained: Is AI Going to Change The Way We Invest In Stock Markets?
Artificial Intelligence (AI) has made inroads on multiple fronts in our lives. And investing in stock markets is the latest one set to be transformed by advancements in AI.
-
Nvidia Rides AI Boom to Dethrone Microsoft as World's Most Valuable Company
Nvidia became the world's most valuable company on Tuesday, dethroning tech heavyweight Microsoft as its high-end processors play a central role in a scramble to dominate artificial intelligence technology.
-
Shutterstock ImageAI, an Enterprise-Focused AI Text-to-Image Generator Launched
Shutterstock ImageAI, a generative artificial intelligence (AI) platform that allows users to generate images from text prompts, was announced last week. Shutterstock, the stock photos, videos, and music repository, and the data and AI firm Databricks collaborated to build the text-to-image AI platform. The company claims the platform is aimed at e...
-
AI-Led Tech Craze Leaves Mega Indian Software Stocks In The Dust
Shares of India's vaunted IT outsourcing firms are facing a reality check, as global investors' rush into the artificial intelligence theme starts to leave pricey old-economy tech stocks behind.
-
EyeEm Stock Photo Marketplace Updates Its Policy to Use Uploaded Content to Train AI Models
EyeEm, the stock photo marketplace, has updated its terms and conditions to specify that the company which is presently owned by Spain-based Freepik, can use the uploaded content on the platform to train artificial intelligence (AI) and machine learning (ML) models. The platform has also told its users that in case they do not consent to this, they...
-
Google Parent Alphabet Joins $2 Trillion Club as Results Show AI Strength
Google closed above the $2 trillion mark on Friday in a first for the company as the company's latest results showed investors that Google would be a major player in the artificial intelligence (AI) arena. Alphabet's stock rose 10 percent on Friday, adding almost $200 billion to the company’s market capitalization in its biggest one-day jump sinc...
-
Apple Stock Value Surges By $112 Billion After Signal of AI Intent
Apple's decision to upgrade its upcoming Mac computers with artificial intelligence (AI) features, appears to have struck a chord with investors. The company's stock was up 4.3% on Thursday, adding $112 billion in value, as the company's stock recorded its best performance in nearly a year after the market punished the firm for stagnation.
