Games were at the cutting edge of computing long before machine learning
Nvidia
Comparisons have been drawn with the Nifty Fifty and tech around 2000
Wall Street also advances as investors bet Federal Reserve has reached end of interest rate hikes cycle
Analyst finds just one of “magnificent seven” ranks among more than 130 US companies growing earnings by over 25%
Investors keep eye on geopolitical tensions ahead of trip by US president Joe Biden to Israel
While the S&P 500 is still up 11% this year, it is entirely due to tech giants which are up 81%
AI will change the world, analyst says, but investors should be wary of a ‘great company priced beyond perfection’.
Shares of Smurfit Kappa tumble 3.6% as boxmaker eyes potential Irish Stock Exchange exit
Banks struggle as investors register concern about the outlook for the euro-zone economy
Updated filing shows chip designer will raise an initial $4.9bn for current owner SoftBank
Hedge funds hold record exposure to Apple, Microsoft, Alphabet, Amazon, Nvidia, Tesla and Meta, but the grouping has been underperforming of late
Investors had worried Google’s search dominance was under threat from Microsoft-backed ChatGPT
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