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, 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, 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, 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, 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, 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, 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, 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, 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 […]