Nvidia CEO Jensen Huang told employees this week that the company has been pushed into a no-win situation by mounting fears of an AI bubble, even as it continues to post blockbuster results, according to audio of an internal all-hands meeting reviewed by Business Insider. “The market did not appreciate our incredible quarter,” Huang said…
The markets are volatile—and Wall Street’s most reliable barometer of panic has surged to levels not seen since April, when President Donald Trump’s sweeping “Liberation Day” tariffs triggered a global market meltdown. The Cboe Volatility Index, known as the VIX, peaked at 27.8 on Thursday and closed the day around 26.3—its highest point since the…
Nvidia on Wednesday reported fiscal third-quarter earnings that beat expectations, and provided a strong forecast for the current quarter. Wall Street welcomed the report, and Nvidia stock rose after the release and during the conference call. Other stocks in the so-called artificial intelligence trade also saw a boost. A closer look at Nvidia’s report shows…
Shares in AI darling Nvidia popped in premarket trade after the U.S. firm beat expectations in third-quarter results after the closing bell on Wednesday. Shares were last trading 5.5% higher at 4:15 a.m. ET. Nvidia topped forecasts for revenue, which jumped 62% to $57.01 billion year-on-year, and issued stronger-than-expected fourth-quarter sales guidance. “There’s been a…
Nvidia reported strong earnings and forecasts Wednesday, in what analysts saw as a clear signal for continued spending on AI infrastructure. Less clear, however, is whether the results can dispel fears of an AI bubble in markets. Fears have grown in recent months that massive investment in AI by major tech companies could outpace realistic…
Nvidia blew past Wall Street financial targets in its third quarter, posting a 62% surge in revenue and forecasting continued strong growth for the current quarter with demand for its AI chips showing no sign of slowing down. “Blackwell sales are off the charts, and cloud GPUs are sold out,” CEO Jensen Huang said in…
High Fashion vs. Fast Fashion For some time, France’s fashion industry and regulators have been agonising over whether to fight the rapid rise of Shein, Temu and other ultra-fast-fashion competitors — and how to do so if they do. That tension came to a head when Shein opened its first permanent store in Paris earlier…
It was a volatile week for the stock market, with the Dow Jones Industrial Average hitting an all-time high before pulling back. Wall Street pulled money away from Big Tech and into more defensive sectors, such as health care and financials. The end of the longest-ever U.S. government shutdown and expectations for interest rate cuts…
Cie Financiere Richemont SE jewellery sales are sparkling. On Friday the Swiss luxury group reported that jewellery sales rose 17 percent excluding currency movements in its fiscal second quarter, trouncing even the most optimistic predictions. The performance underlines that pricey baubles have been a surprise winner from the bling bust. But with an unprecedented number…
Dow Jones futures rose slightly overnight, along with S&P 500 futures and Nasdaq futures. President Donald Trump signed a short-term funding bill Wednesday night, ending the government shutdown. Dow component Cisco Systems (CSCO) jumped on earnings late. The stock market rally was mixed Wednesday, with the Dow Jones hitting a record high on expectations that…