Shares in Nvidia fell on Wall Street despite the artificial intelligence (AI) chip giant comfortably beating expectations after more than doubling its sales. Nvidia announced record revenues of $30bn (£24.7bn) over a three-month period. The company has been one of the biggest beneficiaries of the AI boom, with its stock market value soaring to more … Read more
Samsung Electronics’ fourth-generation high bandwidth memory or HBM3 chips have been cleared by Nvidia for use in its processors for the first time, three people briefed on the matter said. SeongJoon Cho | Bloomberg | Getty Images Tech and chip-related stocks in Asia fell on Thursday, after U.S. chip darling Nvidia reported its second-quarter results … Read more
Foot Locker announced Wednesday the sneaker retailer will move its headquarters from New York City to Florida to escape the Empire State’s high costs. “To better support our strategic progress, to increase team member collaboration, as well as ongoing expense discipline, we made the decision to relocate our headquarters to St. Petersburg, Fla.,” CEO Mary … Read more
Dow Jones futures rose slightly overnight while S&P 500 futures and Nasdaq futures fell. Nvidia (NVDA) sold off overnight despite beating views, guiding higher and announcing a $50 billion buyback. ↑ X NOW PLAYING Sellers Hit Nasdaq Ahead Of Nvidia Results; Palantir, TDG, Evercore Hold Up Other AI stocks such as Broadcom (AVGO), Nvidia chipmaker … Read more
Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., August 28, 2024. Brendan McDermid | Reuters Stocks @ Night is a daily newsletter delivered after hours, giving you a first look at tomorrow and last look at today. Sign up for free to receive it directly in your inbox. … Read more
Nvidia delivered strong second-quarter earnings on Wednesday — but that wasn’t enough to satiate the sky-high expectations of some on Wall Street. The company’s stock, which is known to fluctuate significantly in the wake of its earnings, was down more than 5% in after-hours trading after the company failed to meet the highest of analysts’ … Read more
CNN — The US Centers for Disease Control and Prevention is reminding the public to avoid eating recalled deli meats amid a listeria outbreak that has expanded to become the nation’s largest since 2011. Boar’s Head issued a recall in late July for more than 7.2 million pounds of its ready-to-eat liverwurst and some other … Read more
Traders work on the floor of the New York Stock Exchange (NYSE) during morning trading in New York on August 23, 2024. Angela Weiss | AFP | Getty Images Nasdaq 100 futures fell Wednesday night after Nvidia — the artificial intelligence bellwether that’s up more than 150% this year — posted strong quarterly results that … Read more
Six more people have died and more than a dozen sickened in a multistate listeria outbreak stemming from Boar’s Head deli meat, the Centers for Disease Control and Prevention said in an update Wednesday. The total number of deaths is now nine. A total of 57 people have been hospitalized since the outbreak, which the CDC said … Read more
U.S. Department of Agriculture inspectors turned up dozens of violations at a Boar’s Head plant in Virginia now linked to a nationwide recall of deli meats, according to new records released by the department, including mold, mildew and insects repeatedly found throughout the site. Last month, Boar’s Head recalled all of the deli meats made … Read more