Nvidia stock slipped on Wednesday as investors reacted to fresh competitive pressure from Amazon’s new Trainium 3 artificial intelligence chip, the latest sign that major cloud providers are accelerating efforts to develop their own AI silicon. At the time of publishing, the Nvidia stock was down 0.6% to trade at around $180.34. Amazon unveiled Trainium […]
Europe is juggling big shifts this week, from fashion giants reshaping the luxury landscape to governments redefining digital ownership and scrambling to keep political alliances intact. Prada’s surprise swoop for Versace signals serious consolidation in high-end retail, while the UK’s move to grant crypto assets full property status marks a major leap in digital finance. […]
Crypto and commodities stole the spotlight today, with Bitcoin reclaiming momentum above $93,000 and silver smashing fresh all-time highs after doubling this year. Markets also got a surprise from the Federal Reserve, which appears to be digging itself out of years of pandemic-era losses, while Marvell’s bold multibillion-dollar AI acquisition turned heads on Wall Street. […]
US stocks split the room midday Wednesday as the Dow Jones Industrial Average sprinted higher while AI names wobbled following a Microsoft quota scare. Traders are now weighing whether a surprisingly weak ADP jobs print has finally sealed the Federal Reserve’s fate for December. This sharp divergence highlights a tug-of-war between cyclical strength and tech-sector […]
Nvidia CEO Jensen Huang made some fiery remarks on The Joe Rogan Experience on Wednesday as he called Nvidia the “world’s only tech company.” “Take a look at the major tech firms across the globe,” he noted, pointing out that most are actually in the business of content distribution or selling user data. In contrast, […]
Micron Technology announced on Wednesday that it will wind down its Crucial consumer memory business by February 2026. The company says that it is planning to prioritize high-bandwidth memory (HBM) for AI data centers, a strategic pivot that could squeeze retail RAM and SSD supplies just as global demand explodes. This move marks the end […]
Salesforce Inc. gave a stronger‑than‑expected revenue forecast for the current quarter, signalling that customers are beginning to spend more on its Agentforce artificial intelligence tools even as investors remain wary about the long‑term impact of AI on legacy software makers. The shares rose about 8% in late trading after the company’s outlook and third‑quarter results […]
The European Union is preparing to launch an investigation into how Meta Platforms Inc. integrated artificial intelligence features into WhatsApp, marking the latest escalation in the bloc’s scrutiny of major US technology companies. According to a report by the Financial Times, the European Commission is expected to open the probe in the coming days, focusing […]
The Russian wheat export market has experienced a notable downtrend since the middle of November, primarily impacting wheat with 12.5% protein content. According to price monitoring conducted by SovEcon, the Free On Board (FOB) export prices for this specific grade of Russian wheat have seen a decrease of $4 per metric ton, settling in the […]
ExxonMobil is set to discontinue operations at the older of its two steam crackers on Singapore’s Jurong Island starting in March, according to a Reuters report on Thursday. This move aligns with a broader trend in the global petrochemicals sector to cut capacity in response to industry losses. The wind-down, scheduled to begin in March […]