CashNews.co Stan Druckenmiller saw the potential for the next wave of artificial intelligence fairly early. That led him to take a big position in Nvidia in the fourth quarter of 2022. He added Microsoft in the first quarter of 2023, after it upped its stake in generative AI leader OpenAI. At the start of this […]
CashNews.co Alibaba Group Holding (BABA, 9988.HK)’s cloud computing services unit and semiconductor powerhouse Nvidia (NVDA) are collaborating on an artificial intelligence initiative that will enable Chinese automakers to advance the autonomous driving experience for smart vehicle owners. Alibaba Cloud, the digital technology backbone of the e-commerce giant, on Friday announced that collaboration, as it unveiled […]
CashNews.co My financial advisor says I shouldn’t pay 100% cash for a house — is it better to take out a mortgage and invest in the S&P 500 instead? If you have a lot of cash and are considering buying a property, you may be tempted to pay for the home outright. After all, not […]
CashNews.co (Reuters) -U.S.-based asset management company Apollo Global Management has offered to make an investment of as much as $5 billion in Intel, Bloomberg News reported on Sunday. Apollo has indicated in recent days it would be willing to make an equity-like investment of billions of dollars in Intel, the report said, citing a person […]
CashNews.co By Supantha Mukherjee (Reuters) – Internet giant Amazon’s cloud computing arm, Amazon Web Services, said on Wednesday that it plans to spend 8 billion pounds ($10.45 billion) in the United Kingdom over the next five years to build, operate and maintain data centres. The company expects the investment project to contribute 14 billion pounds […]
CashNews.co Over the last two years, the hype around the artificial intelligence (AI) boom has led to incredible operating momentum for Nvidia (NASDAQ: NVDA), the company that designs and manufactures most of the industry’s chips. But while business is roaring, the company’s stock price seems to have hit a roadblock. Let’s discuss why this might […]
CashNews.co “My husband is retired from federal law enforcement and currently draws a comfortable pension.” (Photo subject is a model.) – MarketWatch photo illustration/iStockphoto Dear MarketWatch, My husband is retired from federal law enforcement and currently draws a comfortable pension. He only receives a small amount of Social Security, roughly $400 per month, as he […]
CashNews.co (Reuters) – Southwest Airlines has warned employees that it will soon make tough decisions as part of a strategy to restore profits and counter demands from activist investor Elliott Investment Management, Bloomberg News reported on Saturday. The airline is considering making changes to its flight routes and schedules to increase revenue, the report added, […]
CashNews.co This story originally appeared in The Technology Letter and is republished here with permission. Most Read from Fast Company Shares of Intel jumped 3% Friday as The Wall Street Journal’s Lauren Thomas, Laura Cooper, and Asa Fitch reported that Qualcomm has approached Intel about acquiring it for perhaps as much as $90 billion, citing multiple unnamed sources. The […]
CashNews.co Nvidia has been a tough act to follow in recent years. The artificial intelligence (AI) chip giant has delivered triple-digit increases in earnings quarter after quarter, and the share price has followed. Nvidia stock has soared more than 2,400% over the past five years, and considering the company’s focus on innovation, this stellar performance […]