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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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US Economy Faces Recession Risk In Coming Years, Expert Warns
The US economy faces recession risks with potential for a 30% stock market drop, according to BCA Research.
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This Billionaire CEO's Wealth Dropped By $11.7 Billion In A Single Day
The 59-year-old tech billionaire now ranks 13th on the Bloomberg Billionaires Index with a net worth of $107.1 billion.
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Aryan Khan's D'Yavol X's Denim Jacket Priced At Rs 99,000 Gets Sold Out Within 24 Hours
Aryan Khan's streetwear brand D'Yavol X's latest collection drop is already running out of stock in less than a day from launch
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Amazon And Meta Surge After Results, While Apple Drops
Meta Platforms and Amazon.com added a combined $280 billion in stock market value late on Thursday after the Big Tech duo reported quarterly results that impressed investors, while Apple's value shrank by $70 billion after its results.
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Ericsson Sued by 37 Shareholders for $170 Million: Report
Thirty-seven Ericsson shareholders are suing the Swedish telecoms company for a combined SEK 1.8 billion (roughly Rs. 1,405 crore), saying its CEO's disclosure of activities in Iraq depressed the stock, business daily Dagens Industri reported. The shareholders, including several investment firms and pension funds, have filed separate lawsuits.
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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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US Retailer Target Loses $10 Billion Amid Pride Merchandising Controversy
The last time Target saw such a huge drop in its stock was during the Covid-19 pandemic.
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Samsung Vows to Cut Chip Production Amid Global Downturn in Demand; Shares Surge 4.5 Percent
Samsung Electronics said on Friday it would make a "meaningful" cut to chip production, following the lead of smaller rivals, as it grapples with a sharp global downturn in semiconductor demand that has sent prices plummeting.
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Silicon Valley Bank Collapse: Financial Stocks Lose $465 Billion In 2 Days
Losses widened today, with the MSCI Asia Pacific Financials Index dropping as much as 2.7% to the lowest since Nov. 29.
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Nifty Closes 1.5% Down On Financial Stocks Sell-Off
The S&P BSE Sensex dropped 1.52% to 58,237.85.
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Credit Suisse Stock Plunges 14% To New Record Low
Shares in Switzerland's second-biggest bank fell rapidly on the Swiss stock exchange, dropping 14.30 percent to 2.139 Swiss francs.
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Sensex Falls Over 800 Points Dragged By Selloffs In Financial Stocks
Bank stocks dropped 2.1%, while public sector banks fell 2.3%. Auto companies lost 2.2%.
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Netflix Cuts Prices of Subscription Plans Up to Half in Some Countries as Shares Drop 5 Percent
As Netflix looks to maintain subscriber growth amid stiff competition and falling stock, the streaming giant announced price cuts for its subscription plans in some countries. Netflix stock fell nearly 5 percent, underperforming the broader market and on course for its worst day in more than two months.
-
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.
-
US Economy Faces Recession Risk In Coming Years, Expert Warns
The US economy faces recession risks with potential for a 30% stock market drop, according to BCA Research.
-
This Billionaire CEO's Wealth Dropped By $11.7 Billion In A Single Day
The 59-year-old tech billionaire now ranks 13th on the Bloomberg Billionaires Index with a net worth of $107.1 billion.
-
Aryan Khan's D'Yavol X's Denim Jacket Priced At Rs 99,000 Gets Sold Out Within 24 Hours
Aryan Khan's streetwear brand D'Yavol X's latest collection drop is already running out of stock in less than a day from launch
-
Amazon And Meta Surge After Results, While Apple Drops
Meta Platforms and Amazon.com added a combined $280 billion in stock market value late on Thursday after the Big Tech duo reported quarterly results that impressed investors, while Apple's value shrank by $70 billion after its results.
-
Ericsson Sued by 37 Shareholders for $170 Million: Report
Thirty-seven Ericsson shareholders are suing the Swedish telecoms company for a combined SEK 1.8 billion (roughly Rs. 1,405 crore), saying its CEO's disclosure of activities in Iraq depressed the stock, business daily Dagens Industri reported. The shareholders, including several investment firms and pension funds, have filed separate lawsuits.
-
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...
-
US Retailer Target Loses $10 Billion Amid Pride Merchandising Controversy
The last time Target saw such a huge drop in its stock was during the Covid-19 pandemic.
-
Samsung Vows to Cut Chip Production Amid Global Downturn in Demand; Shares Surge 4.5 Percent
Samsung Electronics said on Friday it would make a "meaningful" cut to chip production, following the lead of smaller rivals, as it grapples with a sharp global downturn in semiconductor demand that has sent prices plummeting.
-
Silicon Valley Bank Collapse: Financial Stocks Lose $465 Billion In 2 Days
Losses widened today, with the MSCI Asia Pacific Financials Index dropping as much as 2.7% to the lowest since Nov. 29.
-
Nifty Closes 1.5% Down On Financial Stocks Sell-Off
The S&P BSE Sensex dropped 1.52% to 58,237.85.
-
Credit Suisse Stock Plunges 14% To New Record Low
Shares in Switzerland's second-biggest bank fell rapidly on the Swiss stock exchange, dropping 14.30 percent to 2.139 Swiss francs.
-
Sensex Falls Over 800 Points Dragged By Selloffs In Financial Stocks
Bank stocks dropped 2.1%, while public sector banks fell 2.3%. Auto companies lost 2.2%.
-
Netflix Cuts Prices of Subscription Plans Up to Half in Some Countries as Shares Drop 5 Percent
As Netflix looks to maintain subscriber growth amid stiff competition and falling stock, the streaming giant announced price cuts for its subscription plans in some countries. Netflix stock fell nearly 5 percent, underperforming the broader market and on course for its worst day in more than two months.
