County Santa Clara Financial News

Nvidia's (NASDAQ:NVDA) earnings report on Wednesday afternoon is set to pose a critical test for the AI-led market rally.

Nvidia is poised to surpass Google's parent Alphabet as the third most valuable company on Wall Street, as per reports. The expectation comes after the Santa Clara-based artificial intelligence (AI) chipmaker's market capitalisation reached $1.78 trillion on February 13, eclipsing Amazon's $1.75 trillion for the first time in two decades. On February 13, Nvidia's shares slipped by 0.17 percent, closing at $1.78 trillion, while Amazon's stock declined by 2.15 percent, resulting in a market value of $1.75 trillion.

By Noel Randewich

Nvidia is building a new business unit focused on designing bespoke chips for cloud computing firms and others, including advanced artificial intelligence processors, according to nine sources familiar with the company's plans. The dominant global designer and supplier of AI chips aims to capture a portion of an exploding market for custom AI chips and to protect itself from the growing number of companies interested in finding alternatives to its products.

By Max A. Cherney and Stephen Nellis

Denim giant Levi Strauss & Co. says that it’s slashing its global corporate workforce by 10% to 15% in the first half of the year

(Reuters) -Intel forecast quarterly revenue below market estimates on Thursday as it grapples with uncertain demand for its chips used in the traditional server and personal computer markets.

Despite facing tough competition from Advanced Micro Devices (NASDAQ:AMD) and Nvidia (NASDAQ:NVDA), Intel's (NASDAQ:INTC) stock has gained over 60% in the past 12 months.

(Reuters) -ServiceNow raised its forecast on annual subscription revenue on Wednesday, as the software firm expects to attract new clients for its generative artificial intelligence (AI) products.

weather forecast for the game. The weather forecast for Santa Clara, California, this evening predicts continuous rain throughout the afternoon and evening, with an 80 percent chance of rain during kickoff.

SANTA CLARA, Calif. — In a move to expand its payment solutions, Shift4 (NYSE: FOUR), a prominent integrated payments and commerce technology provider, has selected MagicCube's i-Accept as its preferred software-based point of sale (softPOS) system. This partnership, announced today, enables Shift4's merchant network to process secure contactless payments directly on Android devices.

Nvidia (NASDAQ:NVDA) recorded an impressive 239% increase in 2023, pulling a good share of the S&P 500's 24% gain. But for those who thought the stock couldn't rally further, 2024 also started on the right foot for the AI giant.

The U.S. stock market looks set to extend its strong performance in the new year as investors eye multiple interest rate cuts from the Federal Reserve in 2024.

Pig butchering scams, a rapidly growing criminal activity involving online romance, fake crypto investments, and human trafficking, have been plaguing US citizens, resulting in significant financial losses. 

The stock market is poised to end the year on a bullish note.

Intel Corporation is set to undertake its fifth round of job cuts from December 31, 2023. The company will lay off around 235 employees at its research and development facility in Folsom, Sacramento County over two weeks, as per the Hindustan Times. In an official statement to various news sources, the semiconductor giant confirmed the impending job cuts.

Taylor Swift has made a donation of $1 million to the Tennessee Emergency Response Fund at the Community Foundation of Middle Tennessee for relief work following devastating tornados in the state on Swift Community foundation CEO Hal Cato confirmed Swift’s contribution. The organization monetarily supports non-profits that indulge in relief work and rehabilitation following a disaster.

Copa America title in 2024 on the US soil as the century-old prestigious tournament returns to the shores of America. While Messi-led Argentina defeated France to lift the soccer World Cup, «La Albiceleste» edged past Brazil in the Copa America final in 2021. South American football federation CONMEBOL has unveiled the 14 cities that will serve as hosts for matches at the 2024 Copa América, marking the tournament's return to the United States for the first time since 2016. The selected cities include Arlington, Las Vegas, Orlando, Miami Gardens, Santa Clara, Charlotte, East Rutherford, Austin, Atlanta, Inglewood, Houston, Glendale, and two stadiums in Kansas City. The tournament's inaugural match is scheduled to take place at Atlanta United's Mercedes-Benz Stadium, while the final will be hosted at Miami's Hard Rock Stadium. This marks only the second occasion, following the special centenary Copa América in 2016, that the tournament will be held outside of South America. Initially designated as the host, Ecuador withdrew in November 2022 due to economic and security concerns, along with a lack of suitable stadiums. The hosting of the 2024 Copa América stands as a significant boost for the USA as the nation prepares to co-host the 2026 World Cup alongside Canada and Mexico.

It might not look like it yet, but Intel is in a fight for its life. The stakes for its employees and investors are high, and are likely to turn on some fierce battles for market share that will play out in 2024 and beyond. For the everyday consumer, what’s at stake is mostly nostalgia.

Advanced Micro Devices (AMD) touch every aspect of chip design globally, its global chief technology officer Mark Papermaster told ET in an interaction. The Santa Clara-based semiconductor company on Tuesday inaugurated a new AMD Technostar campus, its largest data centre globally, in Bengaluru.

Nvidia announced third-quarter revenue for 2023 of $18.12 billion, a company record, with the firm’s market cap now reaching $1.22 trillion.