Nvidia expects purchase orders for its next-generation artificial intelligence chips to reach $1 trillion through 2027, underscoring the massive computing demand created by the rapid expansion of AI technologies. Speaking at Nvidia’s annual GTC developer conference in San Jose, California, CEO Jensen Huang said demand for the company’s upcoming Blackwell and Vera Rubin chip systems […]
US stocks closed higher on Monday as investors returned to equities after several weeks of pressure linked to the escalating Iran conflict, while oil prices declined from recent highs. The Dow Jones Industrial Average gained 387.94 points, or 0.83%, to close at 46,946.41. The S&P 500 rose 1.01% to 6,699.38, marking its strongest one-day gain […]
European financial markets saw a mix of developments on Monday as investors navigated easing oil prices, corporate deals, and significant business disruptions across the region. The pan-European STOXX 600 rebounded after early losses as crude prices pulled back, offering relief to markets rattled by the escalating Middle East conflict. Meanwhile, artificial intelligence infrastructure firm Nebius […]
The family of the late Rev. Jesse Jackson walked back a posthumous endorsement of Illinois Lt. Gov. Juliana Stratton’s Senate campaign on Monday, after the family said Jackson’s endorsements for Tuesday’s primaries were not completed before his death. On Saturday, Stratton’s campaign touted an endorsement from Jackson, who died last month, and his son Yusef. […]
Senate Majority Whip John Barrasso told reporters Monday the chamber will vote Tuesday to take up a House-passed elections bill known as the SAVE America Act. The Wyoming Republican, whose job it is to help round up support, said he is “doing everything I can to make sure we get on this bill tomorrow.” Republicans […]
Nebius Group (NASDAQ: NBIS) rallied another 15% this morning as investors cheered the firm’s massive $27 billion infrastructure deal with Meta Platforms (NASDAQ: META). Versus its year-to-date low, NBIS shares are trading up a remarkable 80% at the time of writing. However, while the market is currently in a “buy-at-any-price” frenzy for AI compute providers […]
Speaker Mike Johnson said he supports President Donald Trump’s effort to build a global coalition ensure safe passage of commerce through the Strait of Hormuz — even if Trump “didn’t anticipate it” being necessary before launching airstrikes against Iran. Speaking to reporters after attending a Washington event with Trump, Johnson said the president told him […]
Shares of Advanced Micro Devices (NASDAQ: AMD) rose on Monday as analysts reiterated bullish views on the company’s long-term artificial intelligence growth prospects. AMD shares gained about 3.5% to $200.17 during the session, extending optimism around the chipmaker’s expanding role in the rapidly growing AI infrastructure market. Analysts say the company’s data center business, hyperscaler […]
FedEx stock price has retreated in the past few weeks, moving from the year-to-date high of $390 in February to $350. This retreat happened as fuel prices rose and supply chain disruptions rose. So, will the stock rebound or continue falling as it releases its financial results later this week? FedEx to publish its results […]
Shares of Intel climbed sharply Monday as a series of positive developments rekindled investor optimism around the chipmaker’s turnaround strategy. Intel stock surged about 4.4% during the trading session, supported by a mix of industry momentum, new partnerships in artificial intelligence infrastructure and renewed attention on the company’s manufacturing ambitions. The gains also came as […]