Author: 5gantennas.org
The company is reaping huge profits from the AI boom, with tech giants pouring billions of dollars into Nvidia chips to power large-scale language models like ChatGPT and Gemini, but questions remain about whether these companies are actually making money from AI and whether they can maintain their frenetic pace of spending. Asked about the sustainability of customer spending during the company’s earnings call on Wednesday, Huang didn’t answer the question, even as he extolled AI’s ability to transform computing. Huang spoke for eight minutes about how regular CPUs, the standard around the world, are reaching peak capacity, the wonders…
What is going on here?Australian share prices fell, with mining stocks leading the decline as investors reacted to the local economic slowdown. inflation July data. The S&P/ASX 200 index was down 0.5 per cent to 8,034.7 early on Thursday.What does this mean?Australian inflation slowed to a four-month low in July on government discounts on electricity tariffs, but investors found little solace in the data. Little progress in commodity deflation has dampened expectations of a near-term interest rate cut by the Reserve Bank of Australia, now expected to come after November. The uncertainty prompted a sell-off in mining stocks, with big…
It’s hard to be the king of AI.Nvidia signaled that demand for AI remains strong, more than doubling its revenue from the same period last year and forecasting revenue of $32.5 billion in the next quarter.But that didn’t come as a surprise to industry experts on Wednesday.The multi-trillion-dollar company had been widely expected to report strong quarterly results as big tech companies continue to pour billions of dollars into artificial intelligence, locking in demand for Nvidia’s prized chips.And by standard standards, it did.The company reported revenue of $30.04 billion for the quarter, more than double the figure from the same…
Artificial intelligence (AI) chip giant Nvidia said its revenue more than doubled in the three months to the end of July compared with the same period last year, reaching a record high of $30 billion (£24.7 billion).However, following the announcement, the company’s stock price fell by more than 6% on the New York market.Nvidia has been one of the biggest beneficiaries of the AI boom, with its stock price soaring to more than $3 trillion.The company’s stock price has risen more than 160% this year alone.”It’s not just a matter of beating expectations now, the market is expecting a big…
(Bloomberg) — Asian semiconductor stocks fell after a disappointing outlook from major chipmaker Nvidia Inc dampened investor sentiment toward artificial intelligence deals.Most read articles on BloombergAmong Nvidia suppliers, shares of South Korean memory maker SK Hynix fell 6.8%, while Japanese tester maker Advantest lost 3.6% and shares of major foundry Taiwan Semiconductor Manufacturing Co. (TSMC) dropped 2.8%. The Bloomberg Asia Pacific Semiconductor Index fell 2.7%, trimming this year’s gains to about 22%.”Nvidia had a strong performance, but the stock price fell on high expectations for next year,” said Jun Bei Liu, a portfolio manager at Sydney-based Tribeca Investment Partners. The…
A recovery quarter for Salesforce (CRM).Shares of the SaaS company rose 4% in after-hours trading on Wednesday after revenue, operating margin and earnings beat Wall Street expectations.The reaction, and the mood surrounding this quarter’s results, is in stark contrast to just three months ago, when the company missed revenue expectations for the first time since 2006.Salesforce co-founder and CEO Marc Benioff told Yahoo Finance that demand remains strong and the company has “aggressive ambitions” around operating margins and cash flow.Sales increased 11 percent in Europe and 16 percent in Asia Pacific at constant exchange rates. In the company’s Americas segment,…
As of May 2024, 17% of fentanyl overdose deaths in Maine also contained xylazine, an increase of about 10% from last year. PORTLAND, Maine — Maine health officials are sounding the alarm about xylazine, a non-opioid animal sedative that state officials say is contributing to a rise in overdose deaths. According to the Maine Drug Data Hub, 17% of fentanyl overdose deaths in Maine also contain xylazine, a 10% increase from last year. “This isn’t just a little thing, this is a big wake-up call,” said Rick Desjardins, director of the Maine Drug Enforcement Agency. “These people are being poisoned.…
CHENGDU — The 2024 China Internet Civilization Conference opened in Chengdu, southwest China’s Sichuan Province, on Wednesday. Themed around promoting the zeitgeist and jointly promoting civility in cyberspace, the two-day event brought together representatives from the central government, local governments and major news portals, as well as heads of online social organizations and Internet companies, scholars and internet celebrities. Li Shulei, member of the Political Bureau of the Communist Party of China Central Committee and head of the Central Propaganda Department, delivered the keynote speech at the conference. Conference delegates believe that promoting civility in cyberspace is essential to adapt…
As traders prepare for another important day for financial markets, a series of important decisions and economic data releases that could sway market trends are expected on Thursday, August 29, 2024. The US economic calendar is packed with impactful releases that could affect market sentiment and Federal Reserve policy expectations, including the Gross Domestic Product (GDP) report, initial jobless claims, and pending home sales data. Major economic events to watch: • 8:30 a.m. ET – GDP (Q2): 2.8% expected, 1.4% last. The broadest measure of economic activity and a key indicator of the economy’s health. • 8:30 a.m. ET -…
In this article, we’ll discuss short sellers’ top 10 5G stocks to buy, as well as what experts say about the future of 5G technology and its interconnectivity with AI.5G (fifth generation wireless technology) is the latest evolution of mobile networks, designed to significantly increase speeds, reduce latency, and enhance capacity and connectivity for mobile devices. A report by Market Research Future predicts that the 5G market will be worth $15.03 billion in 2024 and is expected to reach $229.41 billion by 2032. This rapid increase represents a compound annual growth rate (CAGR) of 40.60% during the forecast period. According…