Wall Street drifts in mixed trading in a slowdown
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Nvidia hits a historic $5 trillion valuation, driven by insatiable AI demand. Europol dismantles a massive cybercrime network spanning 80 countries, seizing servers, SIM cards, and crypto wallets. And Signal’s CEO defends reliance on Amazon Web Services,
Nvidia Corp. achieved a historic $5 trillion market capitalization on Wednesday as Chief Executive Officer Jensen Huang’s spree of deals catapults the artificial intelligence frenzy to new
Most U.S. stocks rose on Tuesday and carried the market back to where it was before last week’s swoon. The S&P 500 added 0.2% after erasing a loss taken during the morning. It’s been bouncing around lately,
NEW YORK] Wall Street opened just short of fresh records on Wednesday (Oct 29) as Nvidia hits a US$5 trillion valuation, while investors awaited an expected Federal Reserve rate cut and a wave of
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US stocks end mostly higher despite drop in Nvidia
Wall Street stocks mostly rose Tuesday as optimism over a likely end to the US government shutdown offset weakness in some leading technology equities.
Declining issues outnumbered advancers by a 1.35-to-1 ratio on the NYSE. There were 613 new highs and 102 new lows on the NYSE. On the Nasdaq, 1,868 stocks rose and 2,862 fell as declining issues outnumbered advancers by a 1.53-to-1 ratio.
Stock valuations have become uncomfortably rich, AI-related debt is ballooning, and a sustainable financial model for the technology has largely yet to emerge. Now Michael Burry, the investor who famously predicted the subprime-mortgage bubble bursting two decades ago,
Australian shares are set to open higher; Aristocrat Leisure to report results; Flight Centre, Domino’s Pizza to hold AGMs; Dow lifts on Merck. Follow live.
While the deal is unlikely to dent Nvidia's dominance in AI chipmaking, it is seen as a big vote of confidence in AMD's chips, and the company's bullish financial projections on Tuesday should help assuage investor concern over AMD's ability to claw away business.