After another jam-packed week of news and earnings, the earnings and economic calendar suggests a tamer five-day stretch awaits investors in the week ahead. Tech stocks this past week had one of their worst stretches of the year, with declines in Palantir (PLTR) and Nvidia (NVDA) leading the tech-heavy Nasdaq to a 3% decline. The…
The global AI race has just turned up the heat, and yet again, China is making the move. A new challenger has entered the arena, Moonshot’s Kimi K2 Thinking, a model so advanced that its creators say it’s outsmarted OpenAI’s GPT-5 and Anthropic’s Claude Sonnet 4.5 on several high-profile benchmarks. Yes, the same GPT-5 that…
Nvidia CEO Jensen Huang has clarified his previous remarks that China will win the AI race with the US trailing behind. A Financial Times report this week claimed Huang said, “China is going to win the AI race.” He has now denied the statement, saying “That’s not what I said”, adding “What I said was…
Editor’s Note: The following is a slightly abridged version of Noahpinion’s “At least five interesting things: Smart Ideas edition (#71)”, published on November 8. 1. Are we wrong on antitrust? In the 2000s and 2010s, America generally saw slow growth, low levels of business investment, and low business dynamism. We also saw increasing levels of…
Nvidia (NVDA) stock led a sell-off in tech on Friday, plunging as much as 4% as AI valuations continued to be top of mind for investors. Concerns about an artificial intelligence-driven stock market bubble have led to bumpy trading for shares of the “Magnificent Seven” companies in the past week. Circular deals among key players…
Nvidia share price went down by four per cent with stocks are down by 11 per cent for the week. This has reflected in the market value of Nvidia which has now witnessed a decline of nearly $500 billion in market cap. While some analysts are blaming the much talked about Artificial Intelligence (AI) bubble,…
During a back and forth with reporters on Thursday in the Oval Office, President Trump recognized that US consumers are “paying something” for tariffs. “No, I don’t agree. I think that they might be paying something. But when you take the overall impact, the Americans are gaining tremendously,” Trump said. The White House has said…
FX Empire – ISM Manufacturing PMI – Sub-ComponentsRising prices and falling employment may fuel speculation about stagflation, potentially weighing on US stock futures. On the other hand, lower prices could boost bets on a December Fed rate cut. Beyond the data, traders should monitor Fed speeches closely. Fed calls to maintain or cut rates amid…
By Stephen Nellis SAN FRANCISCO (Reuters) -A group of eight Republican U.S. senators in a letter on Thursday applauded President Donald Trump’s decision to continue denying China access to Nvidia‘s most advanced artificial intelligence chips. The letter comes a day after Nvidia CEO Jensen Huang told the Financial Times that China was likely to beat…
Investors hit the brakes on the AI trade this week. The market doesn’t seem as confident about AI as it once was, evidenced by the sell-off that tore through the sector on Tuesday. Top leaders in the AI sector — including Nvidia, Meta, and Palantir — all tumbled, thanks largely to concerns that tech stocks…