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Strong data-center spending means higher sales for companies including Nvidia, AMD, and Broadcom that sell hardware products for their buildouts...
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The blue-chip index was down 100 points, or 0.2%, after opening higher. The S&P 500 was up just 0.3%, while the Nasdaq Composite was up 0.6%. A majority of Dow and S&P 500 members were falling; Microsoft, nursing a 4.4% gain after opening much higher, was supercharging the indexes due to both its large market cap and stock price which give it pull in both indexes...
Continue ReadingTesla, Inc. (NASDAQ:TSLA) is one of the Must-Watch AI Stocks on Wall Street. On July 29, RBC Capital raised the firm’s price target on the stock to $325 from $319 and kept an “Outperform” rating on the shares. According to the analysts, Tesla’s valuation has the potential to exceed current levels provided it achieves its goals. “Should […]...
Continue ReadingMicrosoft will become the second company to close with a $4 trillion market cap club, joining Nvidia, if its stock gains hold through Thursday's trading session. Apple has a ways to go before joining those companies. Microsoft reported strong earnings growth and upbeat guidance after the market closed on Wednesday, with the stock reaching $4 trillion market cap in intraday trading Thursday...
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Zuckerberg has chosen Shengjia Zhao as the Chief AI scientist for his superintelligence division...
Continue ReadingMeta Platforms stock is surging on the back of the company’s successful integration of artificial intelligence into its social-media platforms. Here’s what you need to know about Meta’s plans and what it means for the stock...
Continue ReadingNvidia stock hit a record high early Thursday after earnings from Microsoft and Meta Platforms reinforced expectations of continued investment in its artificial-intelligence chips. Nvidia shares were up 1.3% at $181.65 in early trading, putting it on track to close above $180 for the first time, while the had gained 0.8%. Microsoft and Meta both underlined their commitment to spending on AI hardware in positive earnings reports late Wednesday...
Continue Reading(Bloomberg) -- Microsoft Corp. has become the second company in the world to reach a $4 trillion market capitalization after reporting quarterly earnings that beat Wall Street’s expectations, sending the stock soaring Thursday. Most Read from BloombergThe World’s Data Center Capital Has Residents SurroundedAn Abandoned Art-Deco Landmark in Buffalo Awaits RevivalWe Should All Be Biking Along the BeachBudapest’s Most Historic Site Gets a Controversial RebuildSan Francisco in Talks With Vanderbilt...
Continue ReadingIsraeli cybersecurity startup Noma Security, whose platform secures enterprise data and AI models against AI agents, said on Thursday it raised $100 million in a private funding round, bringing total funds raised to date to $132 million. Israel's cyber security sector has been active of late and many startups have raised significant sums in funding rounds and in mergers and acquisitions. A surge in cyberattacks, including data breaches and ransomware, has driven demand for more comprehensive defences and fueled interest in cyber firms...
Continue ReadingIDrive, a leading cloud backup and storage service provider, is excited to announce its achievement of ISO 27001:2022 certification, the internationally recognized standard for Information Security Management Systems (ISMS). This strategic compliance achievement once again elevates IDrive's long-standing dedication to safeguarding customer data across global environments...
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