County Santa Clara Financial News

06.05 / 02:59

UPS Google CEO innovations Schools Interviews Relationships America's tech industry cannot survive without Indians: SVC Chamber of Commerce CEO

Indians are one of the largest leaders of innovation in Silicon Valley and America's tech industry cannot survive without them, the CEO of the Silicon Valley Central Chamber of Commerce has said. «I don't have the new figures, but what matters is that we (Indians) are such impactful contributors,» Harbir K Bhatia told PTI in an interview.

01.05 / 05:23

Fraud Bitcoin Cash Early Bitcoin Investor Roger Ver Arrested for Tax Fraud

Roger Ver, an early investor in Bitcoin-related startups known as “Bitcoin Jesus” has been arrested in Spain and charged with tax fraud.

10.04 / 09:34

Man Software Tesla Highways Death Features Courts Tesla settles lawsuit over man's death in a crash involving its semi-autonomous driving software

Tesla has settled a lawsuit brought by the family of a Silicon Valley engineer who died in a crash while relying on the company’s semi-autonomous driving software

09.04 / 17:01

markets Provident CEO Platform Software Tesla NVIDIA Intel rolls out new AI chip ‘Gaudi 3’ to challenge Nvidia's dominance

Also Read: Tesla CEO Elon Musk predicts AI will surpass human intelligence by 2026 Booming demand for AI services has sent tech companies scrambling for these so-called accelerator chips, but Nvidia has seen most of the benefit. Earlier versions of Gaudi failed to achieve the market share gains that Intel had been hoping for, Chief Executive Officer Pat Gelsinger has said. He expects the new model to have a bigger impact.

05.04 / 16:33

COST Waves Apple pandemic reports Department Apple lays off more than 600 workers in California

Apple is laying off more than 600 workers in California, marking the company’s first big wave of post-pandemic job cuts amid a broader wave of tech industry consolidation

05.04 / 13:39

markets Fox CEO Apple show reports International Apple laying off 614 California workers after scrapping electric car project

Circle Squared Alternative Investments founder Jeff Sica discusses the DOJ antitrust lawsuit against Apple that claims the tech giant monopolized smartphone markets, on 'Varney & Co.'

05.04 / 10:43

markets Extreme CEO Apple PINK reports Schools Apple laid off 600 employees after car, smart screen projects shut shop: report

Tech giant Apple has laid off 600 employees across its self-driving car and smartwatch screen projects, news agency Bloomberg reported on Friday. Both projects were scrapped earlier this year. According to the report, Apple filed eight separate reports to the state of California to comply with the Worker Adjustment and Retraining Notification, or WARN program.

20.03 / 10:51

markets UPS Manufacturing CEO security reports Intel prepares for $100 billion spending spree across four US states

By Stephen Nellis

18.03 / 20:17

DOW NVIDIA Zions Whirlpool inclusion Super Micro Computer stock falls after S&P 500 addition

The Super Micro Computer (NASDAQ:SMCI) stock price declined more than 9% on Monday, the day the server-maker was added to the S&P 500.

14.03 / 20:43

markets Provident Waves Extreme NVIDIA AMD voice PUMP Soundhound AI stock is 'obviously' a 'pump and dump' stock - market watcher

As the artificial intelligence (AI) rally continues full-steam ahead, voice AI and speech recognition company Soundhound AI’s stock has benefitted, climbing a significant 272% in 2024. With Soundhound AI stock such a big AI winner and its price now at levels last seen in June 2022, is there a risk of an extremely sharp turnaround?

11.03 / 13:13

UPS Target CEO Platform NVIDIA NVDA Cantor Fitzgerald raises NVIDIA target; CEO Huang the 'Soothsayer of Santa Clara'

In a note to clients Monday, analysts at Cantor Fitzgerald raised the NVIDIA (NVDA) price target to $1,200 from $900 per share. The firm maintains an Overweight rating on the stock.

10.03 / 19:33

Booking Platform Action NVIDIA Simulation reports Courts Nvidia is sued by authors over AI use of copyrighted works

By Jonathan Stempel

23.02 / 23:59

markets UPS Provident NVIDIA reports Nvidia’s stock surge helps markets hit record highs. What is happening?

Nvidia, the chipmaker underpinning a much-hyped artificial intelligence revolution, saw its market capitalization briefly pass US$2 trillion for the first time on Friday amid a record-breaking week for Wall Street.

23.02 / 03:03

markets Target NVIDIA Trade show reports Nvidia adds record $277 billion in stock market value

Nvidia added $277 billion in stock market value on Thursday, Wall Street's largest one-day gain in history after the heavyweight chipmaker's quarterly report beat expectations and reignited a rally fueled by optimism about artificial intelligence. The company's stock soared 16.4% to close at $785.38, a record-high close, lifting its market capitalization to $1.96 trillion after its January-quarter report late on Wednesday showed demand for its specialized chips used in AI computing continued to outpace analysts' already-high expectations.

23.02 / 03:03

markets Waves DOW NVIDIA Nikkei show Stocks bask in tech euphoria, Nvidia boom

stocks rose on Friday and put global markets on course for a week of heady gains as AI darling Nvidia's stunning results sparked a wave of record highs from Asia to Europe and the U.S., while the yen nursed losses on a range of currencies. Nvidia surged 15%, adding a record $250 billion in market value on Thursday. The Santa Clara, California-based company's results supercharged a global AI-led rally in technology stocks, propelling the S&P 500, the Dow Jones Industrials, Europe's STOXX 600 and Japan's Nikkei share average to record highs.

23.02 / 03:03

markets UPS SUN NVIDIA Trade performer Nvidia Is a Must-Buy. Or Is It?

McNealy was musing about the «price to sales» ratio — an important measure of a company's value relative to how much cash it generates. A high ratio can be justified if investors think a company has room to grow; a low ratio typically signals that investors think the company is accurately valued.

23.02 / 01:23

markets UPS CEO NVIDIA Trade reports Nvidia’s stock soars as chip maker leaves ‘no doubt’ of AI boom

Nvidia on Wednesday forecast a roughly threefold surge in quarterly revenue that handily beat estimates as the company banked on towering demand for its industry-leading artificial-intelligence chips, sending its shares higher.

22.02 / 19:41

markets Target NVIDIA Trade track reports Nvidia adds record $250 billion in stock market value

By Noel Randewich and Medha Singh

22.02 / 06:15

markets UPS CEO Sustainability NVIDIA reports Nvidia stock surges as revenue forecast tops estimates, AI demand continues

By Arsheeya Bajwa and Max A. Cherney

22.02 / 02:51

Racing NVIDIA Broadcom Trade reports testing Nvidia stock surges after results, lifts other AI shares

chipmaker's hotly anticipated quarterly report beat estimates and sparked gains in other AI hardware stocks. Nvidia's stock jumped almost 8% after its quarterly outlook exceeded analysts' estimates, along with its January-quarter revenue and profits.

21.02 / 23:27

UPS Google Gemini NVIDIA Research reports Nvidia's 4Q revenue, profit soar thanks to demand for its chips used for artificial intelligence

Nvidia Corp. posted stronger-than-expected results for its latest quarter, more than tripling its revenue from a year earlier

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