When analyzing the information provided, it is clear that Nvidia has experienced significant growth in the past year. The stock has surged 159% in 2024 alone, which is an impressive feat. Despite this remarkable performance, the stock is still 8.8% from its June 20 high, indicating some potential resistance at that level. The fact that
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The overall sentiment in the Asian markets on Wednesday appears to be cautious, primarily due to two key factors. These factors are likely to keep the markets within narrow trading ranges. The concerns revolve around the uncertainty surrounding the U.S. economy and the pending earnings report from Nvidia. Despite the marginal increase in U.S. and
As the summer months wind down and the fall season approaches, Broadway has seen a slight decline in total grosses. Last week’s numbers showed a decrease of approximately 10% from the previous week, bringing the total gross to $25,343,599. This decline can be attributed to a variety of factors, including the summer edition of Kids’
The partnership between Volkswagen and Xpeng marks a significant step towards the creation of electric cars tailored for the Chinese market. With Volkswagen’s $700 million investment in Xpeng, the two companies are working together to develop two electric vehicles for release in China by 2026. The collaboration involves Volkswagen staff spending time at Xpeng’s offices,
The world has seen a staggering 95% increase in the population of crypto millionaires over the past year. This surge is directly tied to the rise in popularity of bitcoin exchange-traded funds and other crypto assets. According to a report by New World Wealth and Henley & Partners, there are now 172,300 individuals globally who
The rise of artificial intelligence has sparked a surge in demand for more powerful processors and the increased energy required to cool data centers. This presents a unique opportunity for Sustainable Metal Cloud, a data center company that has pioneered the concept of “sustainable AI factories” using innovative technologies. With their HyperCubes deployed in Singapore
Fans of the Dallas Mavericks and New Orleans Pelicans are eagerly awaiting the upcoming NBA season, but they may be in for a change when it comes to watching their favorite teams play. Both franchises are parting ways with their regional sports networks owned by Diamond Sports, as revealed in a recent bankruptcy court filing.
Federal Trade Commission Chair Lina Khan is taking a bold step in using antitrust laws to protect workers’ rights. The ongoing trial between grocery chain Kroger and rival Albertsons is a testing ground for this initiative, with the FTC alleging that the proposed merger would harm the bargaining power of unionized workers. This shift in
The S&P 500 closed lower on Monday, with Nvidia, a major player in the AI sector, seeing a decline before its quarterly report later in the week. Investors were also eagerly awaiting inflation data for indications on the potential direction of interest rate cuts by the Federal Reserve. The Nasdaq also experienced a dip, while
Federal Reserve Chair Jerome Powell’s recent speech at the Jackson Hole Economic Symposium indicated a notable shift in the central bank’s stance on monetary policy. Powell’s remarks highlighted the Fed’s readiness to lower interest rates, aligning with market expectations for multiple rate cuts. This move reflects a shift towards prioritizing the labor market over inflation,