China has announced a 60 billion yuan (US$8.2 billion) government-aided fund for jump-starting early-stage artificial intelligence projects, consolidating its ambition to dominate the global AI race. The move comes amidst escalating trade tensions with the U.S. and an increasing country-wide push for technological self-sufficiency. What Happened: Zhang Jianhua from the Ministry of Industry and Information…
Perplexity, backed by Amazon.com Inc. AMZN founder Jeff Bezos and Nvidia Corp. NVDA is reportedly in talks to raise up to $1 billion in a new funding round that would value the company at $18 billion—double its valuation just four months ago. What Happened: Perplexity is in discussions to raise between $500 million and $1…
The week was abuzz with news from the tech world, with artificial intelligence (AI) taking center stage. From Bill Gates issuing a warning to the next generation to Nvidia Corp. NVDA and Alibaba Group Holding Ltd. BABA making strides in AI, the weekend was anything but quiet. Let’s dive into the top stories. Bill Gates’ Warning to the Next Generation In…
Bill Gates has outlined critical challenges for future generations, emphasizing the importance of addressing bioterrorism, climate change, and artificial intelligence. What Happened: The Microsoft Corp. co-founder, reflecting on his fears from the 1950s, also noted the persistent threat of nuclear war. However, he highlighted additional concerns for younger generations, including the potential dangers of bioterrorism and the…
Jeff Bezos-Backed Anthropic, an artificial intelligence (AI) developer, has filed a plea with a federal court to dismiss a U.S. government proposal that would prevent Alphabet Inc.‘s GOOGL GOOG Google from investing in AI startups. The proposal is intended to address Google’s alleged monopolization of the online search market. What Happened: Anthropic, in a court filing on Friday,…
The AI-driven market surge has hit troubled times and JPMorgan analyst Jason Hunter is telling investors to be cautious. Recent bear gaps in AI stocks have cracked short-term trend support, leaving tech darlings like Nvidia Corp (NVDA), Broadcom Inc (AVGO) and Marvell Technology Inc (MRVL) looking vulnerable. But before VOO investors start sweating, there’s a…
Jim Cramer took aim at panic sellers Tuesday as major tech stocks recovered from a sharp decline triggered by Chinese artificial intelligence startup DeepSeek‘s market entrance, with NVIDIA Corp. NVDA leading the rebound with an 8.82% gain. What Happened: “The shoot first learn later crew really got hosed today,” CNBC’s Cramer wrote on X, following…
The battle for AI supremacy isn’t just about innovation — it’s a clash of titans in the stock market. Nvidia Corp NVDA and Palantir Technologies Inc PLTR are two names synonymous with AI dominance, but which one deserves a spot in your portfolio? Let’s break down the numbers and signals analysts are sending. Nvidia, with…
On Monday, major U.S. indices closed in the red, with the Dow Jones Industrial Average falling 0.5% to 44,401.93, the S&P 500 slipping nearly 0.6% to 6,052.85, and the tech-focused Nasdaq dropping 0.6% to 19,736.69. These are the top stocks that gained the attention of retail traders and investors throughout the day. Nvidia (NVDA) shares…
Super Micro Computer Inc. SMCI stock surged nearly 9% in after-market hours trading after the company received an extension from Nasdaq to file its overdue annual and quarterly reports by Feb. 25. What Happened: The AI server manufacturer, known for its advanced liquid cooling technology, has been under scrutiny since August when it delayed its annual…