Nvidia Corp’s stock rose more than 2% on Wednesday ahead of the much anticipated fourth quarter results of the chipmaker. At 11:41 am EST, the stock was trading at $197.03, higher by 2.17%, or $4.18. On Tuesday, it closed at $192.85. For the year, Nvidia shares are up about 3% and are down about 8%…
Oracle Corp. Shares slipped on Monday following the announcement that the company is planning to raise up to $50 billion this year through a combination of debt and equity sales. This capital will be utilized to expand its cloud infrastructure capabilities. Oracle is raising these funds to satisfy rising demand from its premier cloud clients,…
Show Quick Read Key points generated by AI, verified by newsroom Nvidia CEO on AI: Today there is talk of AI everywhere. Be it Claude or Gemini, with every new tool the fear is increasing that artificial intelligence might take away people’s jobs. There is especially high concern regarding white-collar jobs like coding, data analysis…
Alibaba Group Holding Ltd. is preparing to list its chipmaking arm, tapping strong investor interest in the small circle of companies aspiring to compete with Nvidia Corp. in the hot AI accelerator business. As a first step, Alibaba plans to restructure the unit as a business partly owned by employees, people familiar with the matter…
