Why Scottish Mortgage trust is selling Nvidia June 5, 2024 Scottish Mortgage, the second largest investment trust in the UK, has warned that though the future for AI is bright, companies like Nvidia might not carry on bringing in the record gains that they have managed over recent months. While Scottish Mortgage is on board with the vision of an AI future, deputy manager Lawrence [...]
Nvidia reveals new AI chip as value nears Apple and Microsoft June 3, 2024 Nvidia shares jumped more than three per cent higher in pre-market trading following the announcement.
Tech stock boom starts to show cracks June 2, 2024 Tech stocks are starting to suffer as customers are keeping their purse strings tight when it comes to adopting new software services.
FTSE 100 today: London markets set to open lower as rate cut bets ease May 23, 2024 Asian markets mixed post-US stock dip, Nvidia up 6% post-bell on strong revenue. Focus on UK-US PMI data for economic cues.
Nvidia’s revenue surges 262 per cent and unveils stock split; shares top $1,000 milestone May 23, 2024 Nvidia's revenue surged 262% last quarter due to AI chip sales, pushing shares over 6% to cross $1,000 for the first time.
Nvidia eyes strong first quarter results as analysts remain bullish May 19, 2024 This AI hype has enabled Nvidia to annihilate consensus sales and profit forecasts in all four quarters of the financial year 2024.
Pragmatic: ‘More to be done’ says boss of British chipmaker May 19, 2024 The chief of Pragmatic has said good progress has been made but there is "more to be done" to support Britain’s semiconductor industry.
AI washing: How companies are using AI hype to bump up their share prices May 14, 2024 Overplaying claims about artificial intelligence in the hope of creating a 'halo effect' around their company and boosting their stock price is a new fad, spanning across a variety of sectors.
Arm shares droop as US-listed British chip designer misses ‘thin’ margin for error May 9, 2024 British chip designer Arm has seen a boost in revenue thanks to soaring demand for AI across the global economy.
Wayve: Nvidia and Microsoft back British self-driving startup in boost for UK’s AI goals May 7, 2024 Wayve has conducted trials on UK public roads since 2018 and has already partnered with delivery fleets from Asda and Ocado.