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Nvidia Loses Nearly $600 Billion As China's DeepSeek Jolts Tech Shares
Shares in Nvidia, whose semiconductors power the AI industry, fell nearly 17 percent on Wall Street, erasing nearly $600 billion of its market value.
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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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Indian Stocks Fall After Recession Fears Spark Wall Street Sell-Off
The Indian stock market opened lower this morning amid weak global cues, with the Sensex nosediving over 700 points and the Nifty tumbling more than 200 points.
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Global Markets Ramp Up The 'Trump Trade' After Assassination Attempt
As world financial markets started to reopen after the attempted assassination of Donald Trump, one thing seemed likely: The Trump trade will get even more momentum.
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Nvidia Market Cap Threatens Google Parent Alphabet After Overtaking Amazon
Nvidia came close to overtaking Google parent Alphabet on Tuesday as Wall Street's third most valuable company. The chipmaker overtook Amazon for the first time in two decades, with a higher market capitalisation than the US e-commerce giant. Nvidia has benefitted the most amid an ongoing race among technology companies to build AI into their produ...
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Wall Street Snubs China For India In A Historic Markets Shift
A momentous shift is under way in global markets as investors pull billions of dollars from China's sputtering economy, two decades after betting on the country as the world's biggest growth story.
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India Among Top 3 Fastest Growing Markets In Asia In 2024: JPMorgan
India could be among the three fastest growing markets for JPMorgan in the Asia Pacific region next year, alongside Australia and Japan, said a top official at the Wall Street bank.
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India To Be Part Of JPMorgan's Emerging Markets Index. Here's What It Means
JPMorgan will include Indian government bonds in its Government Bond Index-Emerging Markets (GBI-EM) from June 2024, the Wall Street bank said on Friday.
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Microsoft Ramps Up Spending to Meet AI Demand as Quarterly Revenue Rises to $56.2 Billion
Microsoft on Tuesday laid out an aggressive spending plan to meet demand for its new artificial intelligence services after surpassing Wall Street estimates for fiscal fourth-quarter revenue and profit. Costs rose sharply as Microsoft built new data centers to support AI, and Chief Financial Officer Amy Hood said on a conference call with analysts ...
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Dumb Money Trailer: Paul Dano Takes on Wall Street in Cinematic Retelling of GameStop Stock Frenzy
Sony Pictures just dropped the trailer for Dumb Money, which chronicles the 2021 GameStop stock market frenzy. Paul Dano leads the cast as real-life YouTuber Keith Gill, who took on the billionaire hedge-funders who bet that GameStop prices would fall. Craig Gillespie — best known for I, Tonya — helms the film, which also stars Seth Rogen, Nick...
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HP Misses Quarterly Revenue Estimates as PC, Laptop Sales Drop 29 Percent
HP on Tuesday missed Wall Street targets for second-quarter revenue, hurt by a slowdown in the personal computer market as inflation-hit customers tightened their budgets.
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US Stocks Slump After Fed Rate Hike, Concerns On Economy
Wall Street stocks slumped Wednesday as the US Federal Reserve continued hiking interest rates to fight inflation, while noting that banking sector turmoil could weigh on the economy.
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Fed Raises Interest Rate, Says US Banking System Is "Sound And Resilient"
The Federal Reserve on Wednesday raised interest rates by a quarter of a percentage point, but indicated it was on the verge of pausing further increases in borrowing costs after the recent collapse of two U.S. banks.
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India, Australia Deepening Security Ties Amid Tensions With China: Report
India and Australia are deepening their security and economic ties, with both countries seeking to diversify their export markets, shore up supply chains and upgrade their militaries as tensions with China rise, The Wall Street Journal reported.
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Global Markets Hit Hard By Silicon Valley Bank's Collapse
Wall Street's top indices had managed to peek into the green before regulators closed the troubled Silicon Valley Bank, sending stocks tumbling into the red again.
-
Nvidia Loses Nearly $600 Billion As China's DeepSeek Jolts Tech Shares
Shares in Nvidia, whose semiconductors power the AI industry, fell nearly 17 percent on Wall Street, erasing nearly $600 billion of its market value.
-
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.
-
Indian Stocks Fall After Recession Fears Spark Wall Street Sell-Off
The Indian stock market opened lower this morning amid weak global cues, with the Sensex nosediving over 700 points and the Nifty tumbling more than 200 points.
-
Global Markets Ramp Up The 'Trump Trade' After Assassination Attempt
As world financial markets started to reopen after the attempted assassination of Donald Trump, one thing seemed likely: The Trump trade will get even more momentum.
-
Nvidia Market Cap Threatens Google Parent Alphabet After Overtaking Amazon
Nvidia came close to overtaking Google parent Alphabet on Tuesday as Wall Street's third most valuable company. The chipmaker overtook Amazon for the first time in two decades, with a higher market capitalisation than the US e-commerce giant. Nvidia has benefitted the most amid an ongoing race among technology companies to build AI into their produ...
-
Wall Street Snubs China For India In A Historic Markets Shift
A momentous shift is under way in global markets as investors pull billions of dollars from China's sputtering economy, two decades after betting on the country as the world's biggest growth story.
-
India Among Top 3 Fastest Growing Markets In Asia In 2024: JPMorgan
India could be among the three fastest growing markets for JPMorgan in the Asia Pacific region next year, alongside Australia and Japan, said a top official at the Wall Street bank.
-
India To Be Part Of JPMorgan's Emerging Markets Index. Here's What It Means
JPMorgan will include Indian government bonds in its Government Bond Index-Emerging Markets (GBI-EM) from June 2024, the Wall Street bank said on Friday.
-
Microsoft Ramps Up Spending to Meet AI Demand as Quarterly Revenue Rises to $56.2 Billion
Microsoft on Tuesday laid out an aggressive spending plan to meet demand for its new artificial intelligence services after surpassing Wall Street estimates for fiscal fourth-quarter revenue and profit. Costs rose sharply as Microsoft built new data centers to support AI, and Chief Financial Officer Amy Hood said on a conference call with analysts ...
-
Dumb Money Trailer: Paul Dano Takes on Wall Street in Cinematic Retelling of GameStop Stock Frenzy
Sony Pictures just dropped the trailer for Dumb Money, which chronicles the 2021 GameStop stock market frenzy. Paul Dano leads the cast as real-life YouTuber Keith Gill, who took on the billionaire hedge-funders who bet that GameStop prices would fall. Craig Gillespie — best known for I, Tonya — helms the film, which also stars Seth Rogen, Nick...
-
HP Misses Quarterly Revenue Estimates as PC, Laptop Sales Drop 29 Percent
HP on Tuesday missed Wall Street targets for second-quarter revenue, hurt by a slowdown in the personal computer market as inflation-hit customers tightened their budgets.
-
US Stocks Slump After Fed Rate Hike, Concerns On Economy
Wall Street stocks slumped Wednesday as the US Federal Reserve continued hiking interest rates to fight inflation, while noting that banking sector turmoil could weigh on the economy.
-
Fed Raises Interest Rate, Says US Banking System Is "Sound And Resilient"
The Federal Reserve on Wednesday raised interest rates by a quarter of a percentage point, but indicated it was on the verge of pausing further increases in borrowing costs after the recent collapse of two U.S. banks.
-
India, Australia Deepening Security Ties Amid Tensions With China: Report
India and Australia are deepening their security and economic ties, with both countries seeking to diversify their export markets, shore up supply chains and upgrade their militaries as tensions with China rise, The Wall Street Journal reported.
-
Global Markets Hit Hard By Silicon Valley Bank's Collapse
Wall Street's top indices had managed to peek into the green before regulators closed the troubled Silicon Valley Bank, sending stocks tumbling into the red again.
