Catenaa, January 28, 2025 – Global tech stocks plummeted for a second consecutive day Tuesday as the unveiling of a cost-efficient Chinese AI model disrupted investor confidence in the sector. Nvidia shares fell 17% on Monday, erasing $593 billion in market value, a historic one-day loss. Chinese startup DeepSeek introduced a low-cost AI assistant that […]
Catenaa, Saturday, April 19, 2025- Apple and Nvidia stocks have been in the forefront of Trump’s trade war, shedding $ 1 trillion in market cap collectively since liberation day. The two tech stocks’ volatility since Trump’s “Liberation Day” reciprocal tariff announcement on April 2, shows how the investors are battling the ever -changing uncertainty in […]
Catenaa, Wednesday, May 14, 2025- Saudi Arabia’s state energy giant Aramco has signed 34 preliminary deals worth $90 billion with major US companies on Wednesday, as part of Aramco’s long-term strategy. The deals aim to boost Aramco’s long-term growth strategy and expand its presence across a wide range of sectors, from traditional oil and gas […]
Catenaa, Thursday, May 29, 2025- Big tech stocks in the US gained on Thursday following a US trade court ruling that the vast majority of Trump’s global tariffs are illegal. Tesla shares were up by 1.2% by 1.30 in the afternoon amid news of CEO Elon Musk’s exit from the Trump administration, and Nvidia shares […]
Catenaa, Monday, February 24, 2025– Hedge funds have exited US tech and media stocks during the two weeks ending on February 21 at the fastest pace in six months, according to Goldman Sachs. A note sent to Goldman Sachs clients on Friday said speculators “aggressively” dumped both long and short positions in AI-related equipment, media, and communications […]
Catenaa, Monday, May 12, 2025- Huawei is reportedly constructing a massive chip production facility in Shenzhen, aimed at fulfilling the growing demand for its Kirin and Ascend AI chips. The new facility, which is expected to focus on 7nm and above production, will play a central role in enhancing the company’s capabilities in artificial intelligence […]
Catenaa, Friday, May 02, 2025-Chinese tech giant Huawei has begun deliveries of its most advanced artificial intelligence chip cluster, the CloudMatrix 384, to local clients cut off from US semiconductor leader Nvidia due to Washington’s tightening export restrictions, according to sources familiar with the development. The high-performance system, which links 384 AI processors using Huawei’s […]
Catenaa, Thursday, June 12, 2025- NVIDIA CEO Jensen Huang recently acknowledged at a public forum that Huawei had developed artificial intelligence hardware and systems capable of matching the US chipmaker’s top offerings, marking the first direct comparison made by the company’s leadership. In an interview with Bloomberg, Huang stated that Huawei’s new AI cluster, called […]
Catenaa, Monday, April 28, 2025- IBM will invest $150 billion in the US for the next five years, the company said on Monday, in a push to back Trump’s local manufacturing. IBM said that the plan includes an investment of more than $30 billion in research and development to further the company’s American manufacturing of […]
Catenaa, Monday, May 26, 2025 – Crypto exchange Kraken announced Thursday it will soon offer tokenized shares of major US companies—including Apple, Tesla, and Nvidia—to international customers, marking a bold step into the growing market for blockchain-based securities. Partnering with asset tokenization firm Backed, Kraken will launch over 50 US stocks and ETFs as crypto […]
Catenaa, Thursday, April 03, 2025- The Magnificent Seven stocks all fell on Thursday following the Trump Administration announcement of reciprocal tariffs, with Apple faring worst of all. The iPhone maker’s shares dropped 8% by mid-day after President Donald Trump late Wednesday imposed an 34% import tax on China, where Apple manufactures about 90% of its […]
Santa Clara, California, Monday, March 25, 2024- Chipmaker giant Nvidia on March 18 announced its next generation of artificial intelligence (AI) chips, promising a significant leap forward in computing power for AI applications. The new chips, codenamed Blackwell, are designed to address the ever-growing demands of tasks like training massive language models, powering complex simulations, […]
Catenaa, Sunday, May 18, 2025-The net worth ofJensen Huang, the CEO of Nvidia, increased to about $120 billion last Tuesday, up from $80 billion just a year ago. This rise follows a boom in demand for the company’s artificial intelligence (AI) chips, which has significantly boosted Nvidia’s stock price. The company’s shares climbed 5.6% to […]
Catenaa, Thursday, March 20, 2025-Nvidia announced plans Tuesday to launch a quantum computing research center, driving gains in related stocks amid growing investor interest. The Nvidia Accelerated Quantum Research Center (NVAQC), based in Boston, aims to integrate quantum hardware with supercomputers to tackle the field’s most complex challenges. The announcement was made during Nvidia’s annual […]
Catenaa, Wednesday, April 16, 2025- Nvidia stock fell over 7% on Wednesday, after the company said that it would take a $5.5 billion hit from the new controls imposed by the US on its semiconductor exports to China. Nvidia said in a regulatory filing late Tuesday night that the US government informed the company it […]
Catenaa, Saturday, April 19, 2025-US stock futures declined late Tuesday as investors reacted to a steep drop in Nvidia shares and braced for key economic data due Wednesday. The S&P 500 futures fell 0.9%, while Nasdaq 100 futures dropped 1.3%. Dow futures were down about 0.5% following a choppy regular session that saw all three […]
Catena, Tuesday, May 20, 2025-Nvidia on yesterday (Monday) launched NVLink Fusion, a new chip-to-chip communication technology designed to enhance the speed and efficiency of artificial intelligence systems by tightly linking multiple processors. Unveiled by CEO Jensen Huang during a keynote at the Computex exhibition in Taipei, NVLink Fusion marks Nvidia’s latest step to solidify its […]
Catenaa, Wednesday, May 07, 2025- Nvidia would face a “tremendous loss” if the chipmaker loses access to the soon to be $50 billion worth AI market in China, CEO Jensen Huang said. In an interview with CNBC on Tuesday, the Nvidia boss addressed concerns about the growing restrictions facing his company as the US government […]
Catenaa, Thursday, April 17, 2025-Nvidia has begun manufacturing AI chips in the United States, establishing operations in Arizona and Texas as trade tensions rise and new tariffs loom under President Donald Trump’s administration. The tech giant announced that its latest Blackwell chips are now being produced at Taiwan Semiconductor Manufacturing Company (TSMC) facilities in Phoenix. […]
Catenaa, Wednesday, June 18, 2025- Nvidia chief executive said the company has stopped factoring China into its revenue forecasts, citing mounting US export restrictions that cost the chipmaker an estimated $2.5 billion in first-quarter revenue. Despite the losses, CEO Jensen Huang made a high-profile appearance in Beijing this week as Chinese automakers accelerate efforts to […]
Catenaa, Wednesday, March 19, 2025– Nvidia stock declined 3.4% on Tuesday despite a high-energy keynote from CEO Jensen Huang as investors appeared unimpressed with Nvidia’s future roadmap. During his two-hour presentation, Huang unveiled the company’s roadmap for the next two years, providing updates about its Blackwell and next generation Rubin chips, while also showcasing cutting edge AI tech […]
Catenaa, Friday, May 23, 2025-Nvidia stock remained mostly flat this week as investors await the AI chipmaker’s fiscal first-quarter earnings scheduled for May 28. Shares closed down 1.9% Wednesday at $131.80 after earlier gains, reflecting cautious sentiment ahead of the report. At the Computex trade show in Taiwan, CEO Jensen Huang unveiled new developments in […]
Catenaa, Wednesday, May 154, 2025-Nvidia’s stock surged as much as 6.4% on Monday, reaching an intraday high of $130.99 per share, after the company announced a strategic partnership with Saudi Arabia’s Humain, a subsidiary of the kingdom’s Public Investment Fund. The surge helped Nvidia’s market capitalization climb back above $3 trillion, marking its highest valuation […]
Catenaa, Thursday, February 27, 2025- Nvidia has beaten Wall Street revenue expectations with revenue up by 78% year on year for the fourth quarter that ended in January 2025, while investors watch closely how the chipmaker is weathering DeepSeek’s powerful Al model. Earnings report for Q4 of fiscal year 2025 released on Wednesday showed revenue at $ […]
Catenaa, Friday, March 21, 2025– Nvidia-backed company CoreWeave’s Initial Public Offering on Thursday has oversubscribed after early mutual fund support and one-on-one conversions, Bloomberg reported. Quoting sources, Bloomberg said that the CoreWeaveIPO was oversubscribed, where the offering could raise as much as $2.7 billion at the top of the marketed range. The deal is expected […]
Catenaa, Tuesday, May 27, 2025-Nvidia CEO Jensen Huang has proclaimed the end of Moore’s Law, declaring that modern AI innovation has far surpassed the traditional pace of chip development once defined by it. Speaking at Foxconn’s keynote during Computex, Huang championed Nvidia’s advances in packaging and proprietary interconnect technologies as the new gold standard for […]
Catenaa, Friday, May 23, 2025- Nvidia’s rise to center stage has been fueled by the spending of its fellow members of the so-called Magnificent Seven on chipmaker’s AI chips, Bloomberg said. Bloomberg estimates show that Microsoft is the largest driver of Nvidia’s revenue, followed by Meta, Amazon, and Google parent Alphabet, while Tesla is Nvidia’s […]
Catenaa, Thursday, December 12, 2024 – The US Supreme Court on Wednesday declined to block a class-action lawsuit against Nvidia Corp., allowing investors to proceed with claims that the chipmaker misled them about its dependency on cryptocurrency mining. The high court dismissed Nvidia’s appeal as “improvidently granted,” leaving in place a prior federal appeals court […]
Catenaa, Monday, May 12, 2025- US stocks such as Tesla and Nvidia, which were battered by the trade war between Trump and China, were trading higher on Monday after talks reduced tariffs. Two days of trade talks between the US and China have led to a 90-day pause on tariffs, with duties set to drop […]
Catenaa, Wednesday, June 18, 2025- Texas Instruments said on Wednesday it would invest more than $60 billion to build and expand seven semiconductor factories in Texas and Utah, as the chipmaker works closely with the Trump administration. Texas Instruments’ investment will be the largest in foundational semiconductor manufacturing in US history, expanding its US manufacturing […]
Catenaa, Tuesday, April 01, 2025- Top 10 global corporations saw a 13.2% decrease in their market value to $18.64 trillion in the first quarter of 2025, LSEG data said on Tuesday, making the biggest drop in market values since June 2022. The prolonged surge in tech stocks, which had been a key driver of equity […]
Catenaa, Monday, April 21, 2025- The US stock market declined on Monday after President Donald Trump warned of economic slowdown unless the Federal Reserve cuts interest rates. “With these costs trending so nicely downward, just what I predicted they would do, there can almost be no inflation, but there can be a SLOWING of the […]
Catenaa, Thursday, April 10, 2025- TSMC, the world’s largest contract chipmaker, reported $ 25.55 billion net revenue in the first quarter on Thursday, beating market forecasts, as the company reaps the benefit from artificial intelligence demand. In the January-March period, Taiwan Semiconductor Manufacturing Co (TSMC) posted revenue of 839.25 billion Taiwan dollars, about $25.5 billion, […]
Catenaa, Friday, January 17, 2025 – Taiwan Semiconductor Manufacturing Company (TSMC) announced a strong fourth-quarter performance, with revenue of NT$868.46 billion (US$26.88 billion) for the period ending December 31, 2024. The company reported a 38.8% year-over-year increase in revenue, with net income rising 57.0% to NT$374.68 billion and earnings per share (EPS) hitting NT$14.45 (US$2.24 […]
Catenaa, Friday, June 13, 2025- US stocks fell on Friday as Israel’s attack on Iran’s nuclear facilities shook global markets, leading oil prices and gold prices to spike amidst uncertainty. The Dow Jones Industrial Average tumbled roughly 1.4%, the S&P 500 dropped 0.9%, while the Nasdaq Composite fell by 0.9%, as investors withdrew from riskier […]
Catenaa, Monday, June 16, 2025- US stocks rebounded sharply on Monday after a selloff on Friday, amid a report that Tehran is looking to de-escalate the conflict with Israel. The Dow Jones Industrial Average rose roughly 1.1% %, while the S&P 500 also moved up 1.1%. The Nasdaq Composite gained 1.5%. The cautious optimism follows […]
Catenaa, Wednesday, April 23, 2025- US stocks were up across the board on Wednesday after President Trump said that he has no intention of firing Fed Chair Jerome Powell. Market also reacted to reports that Trump is considering slashing steep tariffs on China, even though Treasury Secretary Scott Bessent denied the claims and said that […]