Nvidia

The ‘godfather of AI’ has seen its stock soar this year

Sportswear companies among fallers after downbeat profit forecast from US retailer Foot Locker

Of 231 companies that reached similar valuation multiples over last 50 years, over 90% underperform over following three, five- and 10-yeara periods

Markets had been carried by a handful of tech giants for first five months of the year but now smaller stocks are showing strong returns

Euronext Dublin was flat on the day as it saw trading volumes fall by half with investors enjoying the bank holiday

Huge gains for Big Tech this year mean Nasdaq will have to undergo a ‘special rebalance’ next week

Latest consumer price data boosts hopes that the Fed could end rate hikes soon

Even assuming a very upbeat future, a valuation expert Aswath Damodaran says the shares are worth about $240 – way below the $420 level they were trading at last week

Christine Lagarde tells bank’s annual conference in Portugal that interest rates will need to be higher for longer than previously thought

Historically, the odds of a catastrophic loss - a 70% decline that is not recovered - are much greater than casual investors might think

Apple, Microsoft, Alphabet, Amazon, Meta, Tesla and Netflix have soared this year but all have price/sales ratios well below prior highs

Bank shares edge backwards while Glanbia and Irish Continental rise

Stocktake: Market breadth finally appears to be improving

AI chipmaker may go on to justify its valuation but analysts are right to urge caution

Current performance differential ‘ranks amongst the most extreme readings’ in market history

Pan-European benchmark Stoxx 600 index dips 0.19 per cent as investors pause ahead of ECB and Fed meetings

The S&P 500 is up 9% this year, but those gains are a remarkably top-heavy affair

Planet Business: Summer blockbusters, the man behind Nvidia and how people use technology on holiday

But rally in major tech stocks pushes US indices higher

Silicon Valley company joins elite group of US-listed companies including Apple, Microsoft, Amazon and Alphabet

Nvidia may well continue to justify its rich valuation but the increasing dominance of mega-cap stocks is concerning

European and US indices steadied, buoyed by chipmakers

Apple is now worth more than the 2,000 companies that make up the small-cap Russell 2000 index

Analysts say gains are largely linked to firms with AI technologies and are concerned by market’s extreme imbalance

Iseq in Dublin closes the session up 1.3%

Building and travel stocks struggle on Iseq

Twitter stock tanks after Elon Musk puts $44bn deal on hold, but Tesla stock rises

Investors betting on bigger rate hikes from Fed as US inflation tops 8.3%

Rising interest rates and Chinese tech sector crackdown damage funds’ biggest holdings

Iseq down 0.5% as travel and leisure names weaken

Markets report: Investors fret about inflation impact on food groups

Iseq advances 1.1% as Irish market bucks wider European trend

Iseq boosted by banks and building stocks

Market dominated by €1bn offer for Hibernia Reit

Tech stocks keep the Nasdaq riding high

More versatile than the Surface Laptop, more comfortable than the Surface Pro

Russia pays interest due on two dollar bonds

Republic has ‘let us down’ by losing key investment to Germany, says Imprint founder

Energy stocks rise as oil prices exceed $130 a barrel amid inflation concerns

Banks, industrial stocks and travel companies fare poorly