NVIDIA Financial News

The U.S. stock market has been swooning. But there are risks that threaten to put a lid on the euphoria.

Rival computer chip makers are racing to catch up but Nvidia still holds a leading edge in powering the artificial intelligence boom as it prepares to release its latest financial results Wednesday

mutual funds investing in shares of technology companies based in the US have delivered handsome returns for investors in the last few months. These funds have gained in excess of 40% in the last one year, which is among the best in equity MF schemes. Only a few equity categories such as the mid-cap and small-cap MFs have done better than these funds.

Broadcom acquisition of VMWare is leading to uncertainty and risk amongst enterprises, Nutanix's CEO Rajiv Ramaswami said on Tuesday at the hybrid multicloud computing player's annual .NEXT conference, which is being held in Barcelona. «We've got to deal with the elephant in the room here,» Ramaswami said while delivering his keynote address. «The Broadcom acquisition (of VMWare) is creating a major storm of uncertainty and risk that you all (industry and clients) have to deal with. I have spoken to you over the last year, many of you, about the challenges and the risks here of navigating a new vendor reality. What I can tell you is that we are here to help you navigate this storm.»

Scale AI said on Tuesday it had raised $1 billion in a late-stage funding round led by venture capital firm Accel with participation from tech giants Nvidia, Amazon, and Meta, valuing the AI data startup at nearly $14 billion. Top tech companies are racing to build AI into their products and services. Startups catering to the surge in demand for AI chips and machine learning have been a bright spot in an otherwise subdued private funding market.

Global shares have retreated even after most U.S. stock indexes finished higher, especially technology issues like Nvidia

Nvidia’s shares after the chipmaker reports earnings on Wednesday, though expectations for volatility are more muted than in the past, U.S. options markets show. Nvidia's options are primed for an 8.7% swing in either direction by Friday, according to data from options analytics firm Trade Alert.

Read the full story here.)Sensex Today Live : Indian equity indices, Sensex and Nifty 50, are projected to open on a positive note on Tuesday, influenced by a blend of global indicators. Mixed trends were observed in Asian markets, while the US market mostly closed higher, with Nasdaq reaching a record high due to a tech stock rally preceding Nvidia’s results.Investors’ attention will be on Q4 results, the voter turnout in the current Lok Sabha elections, local and international macroeconomic data, foreign fund outflows, crude oil prices, and other global factors.The Indian stock market concluded a special trading session on Saturday with slight gains, buoyed by positive global indicators.

Nasdaq closed at a record high on Monday and gold jumped to an all-time high as investors weighed hawkish statements from the Federal Reserve against evidence of cooling U.S. inflation. The tech-heavy Nasdaq led the three major U.S. stock indexes with a boost from chips, as Nvidia Corp advanced ahead of its closely watched earnings report, expected on Wednesday.

Nasdaq closed at a record high on Monday while the S&P 500 gained slightly as technology stocks advanced ahead of Nvidia's highly anticipated earnings and investors gauged the timing of an interest rate cut by the Federal Reserve. The S&P 500 technology index led gains among the 11 major S&P sectors, rising 1.32%, helped by chipmakers such as Nvidia, which advanced 2.49% ahead of its quarterly results on Wednesday.

TROY, N.Y.—The co-founder of the AI chipmaker Nvidia said he chose to study at Rensselaer Polytechnic Institute in the late 1970s because it had a state-of-the-art mainframe computer. Now, he is betting that a quantum computer at his alma mater could reinvigorate the region. Curtis Priem, 64 years old, is donating more than $75 million so RPI can have a quantum-computing system made by International Business Machines—making it the first such device on a university campus anywhere in the world.

Dow Jones industrial average closed above the 40,000 mark for the first time on Friday, with other major indexes also scoring weekly gains, as data supported expectations for interest rate cuts by the Federal Reserve this year. The benchmark S&P 500 edged higher after paring losses while the Nasdaq fell, but both chalked up a fourth straight week of gains. The Dow rose to end the fifth week of advances in a row.

Infinix GT Book, set to be priced below Rs. 65,000, features notable specifications such as a 13th Gen Intel Core i9-13900H processor and an Nvidia GeForce RTX 4060 GPU. Additionally, the GT Book features a design reminiscent of the Infinix GT series smartphones, characterized by its cyber mecha aesthetic.

CoreWeave, an artificial-intelligence cloud-computing startup backed by Nvidia, has raised $7.5 billion from investors including Blackstone, Carlyle Group and BlackRock in one of the largest-ever private debt financings. The new debt financing follows a $1.1 billion equity funding round two weeks ago that valued the fast-growing company at $19 billion.

Tesla has been developing plans for a data center in China to train the algorithm needed for more fully autonomous vehicles, according two people, who asked not to be named because the work remains private. Until recently, Tesla has focused on efforts to secure approval from Chinese regulators to transfer data generated by its EVs in China out of the country for its “Full Self Driving" (FSD) system, according to the two people and an additional person with knowledge of the matter. It was not clear if Tesla would proceed with both options for handling self-driving data from China - data transfer and a local data center - or if it was developing parallel plans as a hedge.

US tech stocks are not only a bet on innovation but also a possible hedge against inflation, according to some respondents in the latest Bloomberg Markets Live Pulse survey. Gold, the haven of choice for decades, is still seen as the best safeguard against the risk of rising prices, according to 46% of survey participants. But nearly a third said the tech behemoths are their first pick for the role.

It’s a wonky podcast about business history and strategy with four-hour episodes that drop once a month. And people from Silicon Valley to Wall Street are completely obsessed with it. Acquired is the unlikely hit show hosted by Ben Gilbert and David Rosenthal, whose ability to understand companies deeply enough to describe them simply makes listeners want to spend time with them.

Tim Cook and Satya Nadella, who last month embarked on their biggest tours across Southeast Asia in years. The investments they pledged are set to help turn the region into a major battleground between the likes of Amazon, Microsoft and Google in future frontiers such as artificial intelligence and the cloud. The region’s growing workforce is making it a viable alternative to China as a center of talent to support companies’ global operations.

server manufacturer Netweb Technologies started commercial production at a new facility in Faridabad, Haryana Friday, where it would be making flagship end-to-end high-end computing server, storage, and switches. The new facility, with a capacity to turnover Rs 2,000 crore in production for the company, is capable of cutting-edge manufacturing, including designing printed circuit boards (PCBs), surface mounting on PCBs, and production of complete systems based on the latest generation chipsets from its technology partners that includes Intel, AMD, and Nvidia. It will also enable Netweb to market its products and solutions to new industry verticals, which demands critical and high-performance computing architectures. The new facility is also very well equipped in meeting demands of the ever-evolving requirement of private cloud, AI Cloud, compute data centres and more specifically AI workloads, the company said.

Magnificent Seven tech companies are following Jeff Bezos and Mark Zuckerberg in realising gains from the stocks that have largely powered the boom in US equity markets. Almost a dozen executives and directors at the firms recently boosted their share sales, earning more than $160 million since late 2023 after not cutting their stakes in as long as nine years, according to data compiled by Bloomberg.

Shares of Arm Holdings fell 6% on Thursday as the chip designer's downbeat annual revenue forecast cooled some of the enthusiasm around the stock following its AI-powered jump in recent months. The slide was set to wipe out more than $8 billion in market value at the current level of $99.51.