On November 21, NVIDIA announced revenue of USD 18.12 billion for the third quarter of fiscal year 2024, which ended October 29, 2023, up 206% from the previous quarter and up 34% from the previous quarter. GAAP earnings per diluted share for the quarter were USD 3.71, up more than 50% from the previous quarter …
As the economy and inflation outpace expectations, all eyes turn to the Federal Reserve for clues about potential interest rate cuts. Fed Chair Jerome Powell’s upcoming testimony to Congress will be closely scrutinised for insights into when and by how much the Fed might reduce its benchmark rate. Amidst heightened public frustration with inflation, the …
In its Spring Review of the growth potential of various economies, the IMF has gone ahead and raised the growth forecasts for the key economies. For the world GDP as a whole, the growth forecast for full year 2017 has been raised from 3.1% in 2016 to 3.5% to 2017 and further to 3.6% in …
NVIDIA Corporation, a leading American semiconductor company renowned for its high-end graphics processing units (GPUs), has experienced a remarkable upsurge in its market value and global standing. This surge comes on the heels of the company’s stellar financial performance and growing demand for artificial intelligence (AI) infrastructure, propelling it to surpass industry giants and secure …
Recently, high-profile figures like Jeff Bezos, Mark Zuckerberg, and the Walton family have been selling off significant amounts of stock in their respective companies. This trend has caught the attention of many, especially since stock prices are soaring. Let’s delve into why these sales are happening and what they could mean. Big Sales, Big Numbers …
NVIDIA and Intel, two prominent players in the semiconductor industry, are charting distinct courses in the competitive landscape of AI chip development. This article provides a comprehensive comparison of their financial performance and strategic initiatives, shedding light on their respective positions and prospects in the burgeoning AI market. Market Overview NVIDIA Corporation is renowned for …
Reddit Inc., the popular social media platform, is making significant strides towards its long-anticipated initial public offering (IPO). With a recent data licensing deal and impressive revenue growth, Reddit is poised to enter the public market with confidence approximately in March. Data Licensing Deal and Revenue Growth Recent reports reveal that Reddit has secured a …
Japan’s Nikkei 225 index achieved a significant milestone on Thursday, surpassing the record it set in 1989 before the burst of its financial bubble. The index closed at 39,098.68, up 2.2%, marking a remarkable resurgence after years of stagnation. Decades of Struggle Following its peak in 1989, the Nikkei 225 endured a prolonged period of …
Sharp Contraction in the Final Quarter Israel’s economy faced a significant downturn in the fourth quarter of 2023, plummeting 19.4% compared to the previous quarter, marking its first contraction in nearly two years. The decline was attributed to the ongoing conflict with Hamas, which has taken a toll on various sectors of the economy. This …
China’s economy is facing a multi-faceted challenge, with a sluggish property sector, soaring youth unemployment, and a global economic slowdown weighing heavily. To combat these issues and stimulate growth, China’s central bank recently took a significant step by cutting the key benchmark lending rate used to price mortgages. The Background China has been grappling with …
