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Investors worry the AI trade needs Nvidia's Huang and its largesseNvidia's shares fell 8% following concerns about CEO Jensen Huang's leadership amidst personal controversies. Investors fear his potential ...
Investors worry the AI trade needs Nvidia's Jensen Huang and its largesseInvestors worry that a change in leadership at Nvidia might affect the company’s support for the AI market. Reports of CEO Jensen Huang’s e...
Who is Colette Kress? Meet Nvidia's longtime CFO reportedly emerging as a favourite for interim CEO as Jensen Huang faces ousterNvidia is currently navigating a leadership upheaval as speculation mounts over CEO Jensen Huang's potential ousting. Some board members ar...
Japan's Nikkei rises as tech stocks gain despite Nvidia uncertaintyJapan’s Nikkei rose 0.33%, while the Topix gained 0.59%, driven by strength in technology stocks despite uncertainty surrounding Nvidia’s l...
Global Market Today: Asian stocks mixed as Nvidia turmoil hits AI-linked sharesNasdaq 100 futures fell over 1% and S&P 500 contracts lost 0.5% after Nvidia tumbled about 10% in late trading. The company’s board is meet...
Anthropic IPO: Why are Nvidia, Google, Microsoft and AMD investing billions in their own AI competitor? What Big Tech stands to gain from the Claude makerAnthropic IPO: Anthropic is set to receive a significant $26 billion investment through its upcoming IPO from several technology companies....
TSMC to invest up to $1 billion in Anthropic, OpenAITSMC is set to invest up to $1 billion in the AI landscape, directing $500 million each to Anthropic and OpenAI. As Anthropic prepares for ...
TSMC to invest up to $1 billion in Anthropic, OpenAIThe company is positioning itself to benefit not only from supplying AI infrastructure, but also from owning stakes in some of the industry...
Meet CEO Jensen Huang’s daughter Madison Huang and her husband Nico Caprez, both Nvidia employees. She is seen as potential successor to her fatherJensen Huang's recent affair admission has brought attention to his leadership and Nvidia's future succession plans. His daughter Madison H...
Wall Street brokerages call AI stock selloff overdone, see buying opportunity in tech stocksWall Street brokerages Morgan Stanley, UBS and HSBC consider the recent AI stock selloff excessive, maintaining confidence in long-term inv...
Global Market Today: Asian stocks rally after US tech surge, oil slumpSouth Korea’s Kospi Index jumped more than 5% in early trading while Japan’s Nikkei 225 rose nearly 3%. A broader gauge of Asian shares adv...
European shares muted as investors assess AI outlook; banking stocks rallyEuropean shares were subdued as investors assessed the fallout from last week's technology selloff and uncertainties surrounding AI investm...
Samsung set to become first South Korean company with $147 billion in cash assetsSamsung Electronics' cash assets are estimated to exceed 200 trillion won with strong demand for AI semiconductors. The company's cash incr...
AMD's OpenAI, Meta chip deals trigger $1 billion quarterly chargeAMD in February agreed to sell up to $60 billion worth of AI chips to Meta over five years, giving the Facebook owner warrants that could l...
AMD forecasts fourth-quarter revenue above estimates on strong AI chip demandAdvanced Micro Devices estimates its fourth-quarter revenue will hit about $17 billion, driven primarily by robust demand for AI chips. Alt...
AMD's OpenAI, Meta chip deals trigger $1 billion quarterly chargeAMD in February agreed to sell up to $60 billion worth of AI chips to Meta over five years, giving the Facebook owner warrants that could l...
Marvell to buy Lumentum in $115 billion deal in AI data-center betMarvell Technology is poised to acquire Lumentum in a groundbreaking all-stock transaction worth $115 billion. This strategic acquisition i...