3 w. ago Stock markets eye recovery as blockbuster Nvidia sales stifle AI bubble fears

Global stock markets are trading higher on Thursday after blockbuster earnings from chip giant Nvidia calmed anxiety over a growing 'AI bubble'.

Economics

3 w. ago Some migrants will have to wait up to 30 years to get settled status under new immigration 'crackdown'

Illegal migrants who bring successful human rights claims to dodge deportation will be forced to wait 30 years to secure permanent leave to stay in Britain.

Events

3 w. ago ‘AI is going everywhere, doing everything:’ Nvidia beats Wall Street estimates amid market selloff and AI bubble fears

The $5tn firm handily beat expectations, but analysts are awaiting projections for future demand for firm’s AI chipsNvidia shares are rising in after-market trading after the company posted third-quarter earnings that beat Wall Street estimates. All eyes were on Nvidia, the bellwether for the AI industry and the most valuable publicly traded company in the world, as analysts and investors hoped the chipmaker’s third-quarter earnings would assuage concerns about whether the high-flying valuations of AI firms have peaked.“Blackwell sales are off the charts, and cloud GPUs are sold out,” said Jensen Huang, founder and CEO of Nvidia in a press release. “Compute demand keeps accelerating and compounding across training and inference – each growing exponentially. We’ve entered the virtuous cycle of AI. The AI ecosystem is scaling fast – with more new foundation model makers, more AI startups, across more industries, and in more countries. AI is going everywhere, doing everything, all at o...

Politics

3 w. ago ‘We excel at every phase of AI’: Nvidia CEO quells Wall Street fears of AI bubble amid market selloff

Jensen Huang opens earnings call with attempt to dispel concerns after his $5tn firm beat Wall Street expectationsNvidia shares are rising in after-market trading after the company posted third-quarter earnings that beat Wall Street estimates. All eyes were on Nvidia, the bellwether for the AI industry and the most valuable publicly traded company in the world, as analysts and investors hoped the chipmaker’s third-quarter earnings would assuage concerns about whether the high-flying valuations of AI firms have peaked.Jensen Huang, founder and CEO of Nvida, opened the earnings call with an attempt to dispel those concerns. In sum, Huang said, there’s a major transformation happening in AI and Nvidia is foundational to that transformation. Continue reading...

Economics

3 w. ago Nvidia's earnings attest to its leadership in the AI race. By the numbers

Nvidia reported more eye-catching numbers for its fiscal third quarter Wednesday, with net income jumping 65% and revenue increasing 62% from a year earlier

Politics

3 w. ago Nvidia to report earnings amid market selloff and rising fears of AI crash

Company set to beat Wall Street expectations but analysts await projections for future demand for firm’s AI chipsAll eyes are on Nvidia, the bellwether for the AI industry, as analysts and investors hope the chipmaker’s third-quarter earnings assuage concerns about whether the high-flying valuations of AI firms have peaked.A great deal will ride on how confident Nvidia’s chief executive, Jensen Huang, appears in his forward-looking guidance. Analysts and experts say that although they are largely confident Nvidia will beat Wall Street expectations, they are anxiously awaiting news on the status of industry demand for the firm’s AI chips. Continue reading...

Events

3 w. ago All eyes on Nvidia earnings in wait for results on AI boom or bubble: ‘Most important stock in the world’

Investors are starting to wonder if the AI craze has been overblown

Politics

3 w. ago Nvidia earnings will shed a light on whether Big Tech is fueling an AI boom or bubble

Computer chipmaker Nvidia is poised to release a quarterly earnings report that is expected to either deepen a recent downturn in the stock market or prompt an ebullient sigh of relief among investors increasingly worried the world’s most valuable company is perched upon an artificial intelligence bubble about to burst

Science

3 w. ago Crypto market sheds more than $1tn in six weeks amid fears of tech bubble

Bitcoin price at lowest level since April while FTSE 100 falls as Google boss warns there is ‘irrationality’ in AI boomBusiness live – latest updatesMore than $1tn (£760bn) has been wiped off the value of the cryptocurrency market in the past six weeks amid fears of a tech bubble and fading expectations for a US rate cut next month.Tracking more than 18,500 coins, the value of the crypto market has fallen by a quarter since a high in early October, according to the data company CoinGecko. Continue reading...

Economics

3 w. ago Fund managers alarmed by corporate investment boom as AI bubble fears grow

Bank of America survey shows a majority of money managers think companies are overinvesting

Events