The stock market has a long history of creating bubbles, particularly in the technology sector. However, when it comes to Nvidia (NASDAQ: NVDA), the chip maker’s eye-popping valuation may not actually be signs of a bubble. Rather, it might reflect a deeper truth about the rapidly evolving state of artificial intelligence (AI). Nvidia’s shares are […]
(Reuters) — Photoshop maker Adobe raised its revenue forecast for fiscal 2024 on Thursday as more businesses and consumers take to its artificial intelligence-powered editing tools amid signs of an easing economy. Shares of the San Jose, California-based company jumped around 15% in premarket trading on Friday. The company now expects revenue of between $21.40 […]
Broadcom (AVGO) stock gapped up on Thursday as investors reacted positively to the company’s beat-and-raise earnings report and upcoming 10-for-1 stock split.
Apple unveiled artificial intelligence-fueled features across several key products on Monday, heralding the long-awaited entry of the tech giant into the high-stakes AI race. The latest version of Apple’s operating system will deliver customizable tools using generative AI for iPhones, Mac and iPad, Apple said at the Worldwide Developers Conference hosted at the company’s headquarters […]
(Bloomberg) — The demand to feed the engines of artificial intelligence has helped vault shares of one of the largest US power producers, Vistra Corp., higher even than Wall Street darling Nvidia Corp. Most Read from Bloomberg Investors, including Daniel Loeb, the billionaire founder of Third Point LLC, have been snapping up Vistra stock in […]
(Bloomberg) — Advanced Micro Devices Inc. shares jumped Thursday, with the chipmaker extending a surge to hit its latest in a series of fresh records this year. Most Read from Bloomberg The stock rose as much as 7.9%, a climb that has put the company’s market capitalization on track to close above $300 billion for […]