Hong Kong stocks rose on Wednesday on renewed optimism about China’s tech industry prospects, while investors awaited global AI chip leader Nvidia’s earnings. The Hang Seng Index gained about 0.1 per cent to 25,541.43 at noon, rebounding from a 1.2 per cent loss in the previous session. The Hang Seng Tech Index climbed 0.6 per…
“We have already set a footprint in Guangzhou and we are eyeing Hong Kong,” chief financial officer Leo Wang said at a media event in the city on Tuesday. He said Pony.ai needed to work with local authorities and partners to explore the best way forward. On working with the city’s Transport Department, Wang said…
Chip giant Nvidia is set to report second-quarter financial results, seen as a bellwether for the industry as worries about a tech bubble rise (I-Hwa Cheng) Asian markets diverged Wednesday morning following broad losses the previous day, as attention turns from political pressure on the US central bank to a key earnings report by AI…
By Ankur Banerjee SINGAPORE (Reuters) -Asian stocks were steady on Wednesday ahead of an earnings report from AI leader Nvidia that will shape near-term risk sentiment, while the U.S. dollar was frail as investors remained nervous about attacks on Federal Reserve autonomy. The U.S. Treasury yield curve has been steepening since President Donald Trump on…
US stock futures inched higher with Wall Street on edge ahead of Nvidia’s (NVDA) earnings report. Futures attached to the Dow Jones Industrial Average (YM=F), the benchmark S&P 500 (ES=F), and the tech-heavy Nasdaq 100 (NQ=F) rose 0.1%. The chip giant is set to report its results on Wednesday after the bell. Investor expectations are…
“We have already set a footprint in Guangzhou and we are eyeing Hong Kong,” chief financial officer Leo Wang said at a media event in the city on Tuesday. He said Pony.ai needed to work with local authorities and partners to explore the best way forward. On working with the city’s Transport Department, Wang said…
Nvidia (NVDA) will close out Big Tech’s earnings season when it reports its second quarter results after the bell on Wednesday. The report comes after a flurry of moves between the company and the Trump administration, which saw Trump revoke his prior ban on the sale of Nvidia’s chips to China but will now require…
Nvidia’s earnings aren’t just about Nvidia anymore. The $4 trillion chipmaker’s quarterly financials have become a litmus test for the AI boom—and, by extension, for the whole stock market. Constituting 8% of the market cap-weighted in S&P 500 Index and with an unrivaled grip on the chips that power generative AI, Wall Street now treats…
The hottest company in China right now is Cambricon Technologies, an artificial intelligence chipmaker whose stock has surged about 10-fold over the past two years, driven by expectations that it could be a serious challenger to Nvidia in the mainland market. The frenzy over Cambricon, whose stock is trading at an eye-watering trailing 12-month price-to-earnings…
The Hangzhou-based start-up’s updated model, which supports an innovative data format called UE8M0 FP8, was “ushering in a booming domestic computing power chain”, Huatai Securities analysts said in a research note on Tuesday. That architecture showed that the synergy between mainland-designed software and chips would realise significant results, according to the report. FP8, known as…