Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. No company has moved from an equity value of $1tn to $2tn as quickly as Nvidia. The chip designer doubled its market cap in less than nine months. The boom in generative artificial intelligence means […]

By Mariko Oi Business reporter 1 hour ago Image source, Getty Images Image caption, Nvidia CEO Jensen Huang announced the new AI chip at an event in San Jose, California Nvidia has unveiled its latest artificial intelligence (AI) chip which is 30 times speedier at some tasks than its predecessor.

(Bloomberg) — Global stocks rallied, with Japan’s benchmark hitting a record high and Europe’s on track to do the same, after Nvidia’s blowout sales forecast reinforced investor conviction in the boom in generative AI use. Most Read from Bloomberg The Nasdaq 100 index futures jumped 2% and S&P 500 contracts were up more than a […]

Nvidia CEO Jensen Huang.I-Hwa Cheng/AFP/Getty Images US futures fell in premarket trading on Wednesday. Traders are waiting for AI darling Nvidia’s quarterly earnings report due after the closing bell. Minutes from the Fed’s January meeting will also give investors a sense of where rates are headed. US stocks looked set to trade lower Wednesday as […]

Big Food is itching to hit the reset button on its narrative with investors, who have soured on the group amid the spread of the Ozempic craze and consumers balking at still inflationary prices. Enter CAGNY, more formally known as the annual Consumer Analyst Group of New . . .

About this page Stock Market Today: Dow Jones edges lower as Fed minutes, Nvidia results loom Last Updated: Feb 21, 2024 at 9:53 am ET Follow all the action in financial markets ahead of the release of Fed minutes, with Nvidia results coming after the close. Source link

US stock futures slipped on Wednesday as investors counted down to high-stakes earnings from AI darling Nvidia (NVDA) and the release of Federal Reserve minutes that could set hopes for interest rates. S&P 500 (

Jensen Huang, co-founder and chief executive officer of Nvidia. Lam Yik Fei—Bloomberg/Getty Images Step aside, Alphabet. Out of the way, Amazon. There’s a new member of the most-valuable companies club in the U.S. Fueled by investor fanaticism over artificial intelligence, Nvidia stock has soared to catapult the company in the market cap rankings. As of […]

Stay informed with free updates Simply sign up to the US-China relations myFT Digest — delivered directly to your inbox. The House of Representatives’ China committee has asked the chief executives of US chipmakers to testify before Congress, as the panel intensifies its scrutiny of companies with interests in China. The committee this week sent […]

Nvidia Corp CEO Jensen Huang holds one of the company’s new RTX 4090 chips for computer gaming in this undated handout photo provided September 20, 2022. Nvidia Corp | via Reuters U.S. chipmaking giant Nvidia is set to launch an adjusted version of a gaming processor with slower performance in China to comply with U.S. […]

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