{
}
Stocks turned lower in late-morning trading, with the S&P 500 and Nasdaq Composite down 0.1% and 0.2%, respectively, while the Dow Jones Industrial Average remained flat. Broadcom's strong earnings initially boosted chip stocks, but major tech companies like Apple and Microsoft saw losses. As the market anticipates a Federal Reserve rate cut next week, the yield on 10-year Treasurys rose to 4.38%.
Google's DeepMind has unveiled Gemini 2.0, a new AI model designed to power advanced AI agents capable of understanding complex instructions, planning, and executing tasks across various platforms. Projects like Deep Research, Project Astra, and Project Mariner aim to assist users in research, everyday tasks, and web navigation, respectively. While still in early development, these agents show promise for future applications, including gaming and robotics, as Google collaborates with industry leaders to refine their capabilities.
Nvidia shares fell approximately 2% following the announcement of an investigation by China's State Administration for Market Regulation over potential antimonopoly law violations related to its acquisition of Mellanox. This probe comes amid escalating competition between the U.S. and China in the semiconductor sector, with recent U.S. restrictions on advanced AI chip sales to China aimed at limiting its military capabilities.
Billionaires are increasingly investing in technology, industry, and sustainable sectors, with a notable focus on education, healthcare, and environmental protection. Their wealth has surged by 121% over the past decade, outpacing stock market growth, driven by trends in AI and green technologies. Additionally, real estate and gold remain key safe-haven assets, while diversification into alternative investments like private equity and art is on the rise, reflecting a growing commitment to sustainability and social impact.
Sam Altman, CEO of OpenAI, has been a pivotal figure in the generative AI landscape, particularly following the launch of ChatGPT. His leadership faced turmoil during a chaotic period known as "the blip," where he was unexpectedly fired, leading to significant backlash from employees and stakeholders. The ongoing debate centers on whether Altman is the right person to guide AI's future, as he remains entrenched in his position despite the controversies surrounding him.
Nvidia's CEO Jensen Huang has signed an agreement to establish an artificial intelligence research and development center in Vietnam, enhancing the company's footprint in Southeast Asia. This initiative, alongside a Viettel Group data center utilizing Nvidia technology, aims to advance AI capabilities in the country, as noted by Vietnam’s Investment Minister Nguyen Chi Dung during the signing ceremony in Hanoi, attended by Prime Minister Pham Minh Chinh.
Jensen Huang, CEO of Nvidia, emphasizes the transformative potential of AI as a new digital infrastructure, urging governments to develop their own AI systems and process national data. His pitch has gained traction, with at least 10 countries, including Thailand, committing to AI infrastructure projects. Amid geopolitical tensions, particularly between the US and China, Huang advocates for "sovereign AI" to ensure nations can protect their interests in the evolving tech landscape.
Nvidia's stock has faced volatility despite strong earnings, with expectations remaining high as the company prepares for significant developments. The launch of its powerful Blackwell Superchips is anticipated to exceed Wall Street's revenue expectations, while the focus on agentic AI positions Nvidia as a leader in creating AI that enhances workplace efficiency. With a growing AI market projected to add trillions to the global economy, Nvidia's dominance in chip supply and innovation continues to attract investor optimism.
Dell Technologies reported fiscal third-quarter earnings that exceeded expectations for earnings per share but fell short on revenue, leading to a 10% drop in shares after hours. The company forecasted fourth-quarter revenue between $24 billion and $25 billion, below analyst expectations, despite a 34% revenue increase in its Infrastructure Solutions Group driven by AI sales. Demand for AI systems remains strong, with a $4.5 billion pipeline of future orders, as customers await Nvidia's next-generation Blackwell chips.
Nvidia CEO Jensen Huang emphasized the importance of global cooperation during his visit to Hong Kong, amid rising tensions between the US and China as President-elect Donald Trump prepares to take office. Huang's company produces leading AI accelerators, yet American officials have restricted the sale of advanced semiconductors to China to prevent the nation from enhancing its chip capabilities, which are viewed as potential military threats.
Jensen Huang
People
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
stocks decline as s and p 500 set to end winning streak
United States Dollar
Microsoft Corporation
Amazon.com, Inc.
Arm Holdings plc
Meta Platforms, Inc.
Apple Inc.
NVIDIA Corporation
Tesla, Inc.
Marvell Technology, Inc.
Micron Technology, Inc.
Alphabet Inc.
Broadcom Inc.
USA
Mark Zuckerberg
Satya Nadella
Jensen Huang
Sundar Pichai
Simon Segars
Sanjay Mehrotra
Tim Cook
Hock E. Tan
Andy Jassy
Elon Musk
Show more
14:22 13.12.2024
google unveils advanced ai agents powered by gemini 2.0 technology
United States Dollar
NVIDIA Corporation
Google Inc.
Salesforce, Inc.
USA
Koray Kavukcuoglu
Marc Benioff
Jensen Huang
Demis Hassabis
Show more
04:38 12.12.2024
nvidia shares fall as china investigates antimonopoly law violations
13:05 09.12.2024
Billionaires Shift Investment Strategies Towards Technology and Sustainable Ventures
13:27 06.12.2024
Sam Altman's Global Push for AI Regulation Amid Industry Concerns
United States Dollar
OpenAI ERC USD
Duolingo, Inc.
Conde Nast
Jensen Huang
Michael Calore
Satya Nadella
Sam Altman
Show more
14:00 05.12.2024
Nvidia Establishes AI Research Center in Vietnam to Boost Southeast Asia Presence
United States Dollar
Vietnamese Đồng
NVIDIA Corporation
Viettel Group
VNM
Jensen Huang
Nguyen Chi Dung
Pham Minh Chinh
Show more
13:21 05.12.2024
Jensen Huang Advocates for Global AI Infrastructure Amid Geopolitical Tensions
NVIDIA Corporation
USA
THA
CHN
MEX
CAN
IND
JPN
DNK
IDN
Lauren Goode
Jensen Huang
Donald Trump
Paetongtarn Shinawatra
Show more
02:51 04.12.2024
nvidia stock poised for growth amid ai advancements and new product launch
United States Dollar
NVIDIA Corporation
Meta Platforms, Inc.
Advanced Micro Devices, Inc.
USA
Randi Zuckerberg
Jensen Huang
Mark Zuckerberg
Show more
23:31 03.12.2024
Dell shares drop on weak forecast despite strong AI sales growth
United States Dollar
HPE
AMD
Dell Inc.
NVIDIA Corporation
Super Micro Computer, Inc.
Intel
USA
Michael S. Dell
Jensen Huang
Show more
22:07 26.11.2024
vidia ceo calls for global cooperation amid us china tensions
04:18 23.11.2024
Trending
Subcategory
Corporate News
Industry Trends
Stock Market Updates
Industry Mergers & Acquisitions
Workplace Trends
Global Financial Events
Banking Regulations
Retail and Consumer Goods
Finance Mergers & Acquisitions
CEO Changes
Market Analysis and Predictions
Government Policies
Startups & Entrepreneurship
Global Trade Developments
Private Equity Deals
Central Bank Actions
Financial Scams and Security
Supply Chain Management
Domestic Politics
Energy Sector Developments
Countries:
Companies:
JPMorgan Chase & Co.
Tesla, Inc.
Barclays PLC
Credit Suisse Lux Digital Healt
Bank of America Corporation
Deutsche Bank Money Market PP
UBS Group AG
BNP Paribas SA
Wells Fargo & Company
The Goldman Sachs Group, Inc.
Apple Inc.
Commerzbank AG
Banco Santander, S.A.
UniCredit S.p.A.
Danske Bank A/S
SpaceXCoin USD
HSBC Holdings plc
NVIDIA Corporation
Morgan Stanley
Intesa Sanpaolo
Currencies:
United States Dollar
Euro
British Pound Sterling
Chinese Yuan
Swiss Franc
Indian Rupee
Japanese Yen
Danish Krone
Australian Dollar
Hong Kong Dollar
South Korean Won
Russian Ruble
Canadian Dollar
Mexican Peso
Indonesian Rupiah
Turkish Lira
Singapore Dollar
Offshore Chinese Yuan
Chilean Peso
United Arab Emirates Dirham
People: