Proponents of ‘AI everywhere’ were touting web3, crypto, the metaverse and the benefits of the gig economy not so long ago
Nvidia
Planet Business: Unilever’s ice-cream masterplan, the Telegraph’s rejected suitor and the belated US asbestos ban
Chief executive Jensen Huang claims Blackwell GPUs are substantially faster than its market-leading AI hardware
Tech stocks and chipmakers decline on Wall Street
Pan-European Stoxx 600 extends gains and hit a fresh record high, rising 1 per cent
Stocktake: As market historian Professor Paul Marsh bluntly notes, the question today ‘is whether the price is too high; it’s not whether or not it’s a bunch of junk’
Chipmaker expects to maintain 76% profit margins but enormous margins mean competition is inevitable
Chipmaker’s shares would have to more than triple over the next year to resemble the Cisco bubble
Chip-maker has surged on back of AI growth
Insulation specialist Kingspan was the only standout stock on Euronext Dublin as it finished up 2.5% to hit a 52-week high
Anything less than blowout earnings could cause a sell-off with one analyst warning of downside of up to 30%
Arm trades on 90 times estimated earnings with just 10% free float and a looming lock-in expiry
In Dublin, the ISEQ All Share index outperformed European peers, gaining 0.94 per cent
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