Nvidia shares plunge: Are investors on the edge of ‘AI apathy’? September 4, 2024 Analysts are asking if we are at “peak Nvidia” or if the latest selloff is simply a healthy correction in an overheated market. Shares in Nvidia, the poster child for AI, plunged nearly 10 per cent on Tuesday, wiping out $279bn of value—the largest single-day loss ever recorded for a US stock. Since 19 August, [...]
Wall Street carnage continues as Nvidia leads US tech selloff September 4, 2024 A wave of panic selling hit Wall Street on Tuesday, with the S&P 500, Nasdaq Composite, and Dow Jones Industrial Average all suffering their steepest daily percentage declines since early August. The carnage was widespread, with nine of the 11 sectors within the S&P 500 sinking into the red, led by sharp declines in technology, [...]
Fundsmith Equity falls out of most bought list for the first time September 3, 2024 Fundsmith Equity, the largest investment fund in the UK ran by star manager Terry Smith, has fallen out of Interactive Investor’s most bought list for the first time ever. The list has been tracking the top ten most popular equities, funds and trusts on the platform since 2018. Fundsmith Equity topped the list as recently [...]
Nvidia shares slump despite company’s record-breaking revenue August 29, 2024 Nvidia shares are down over eight per cent in after hours trading even after it smashed its forecasts and posted record revenue. Revenue for the second quarter hit a new record of $30bn (£22.7bn), up 15 per cent from the first quarter and up 122 per cent from the previous year ago. Nvidia also posted [...]
Nvidia: Tech stocks ‘at the mercy’ of chipmaker’s results August 26, 2024 Nvidia’s quarterly earnings results this week are set to define the trajectory of the entire tech market, analysts have warned, adding that the fallout from the update by the world’s third largest listed company might be felt across the entire global economy. “Big picture, the overall tech/AI theme arguably looks at the mercy of Nvidia’s [...]
Nvidia and Apple lead losses as trillions wiped from Nasdaq tech stocks August 5, 2024 Trillions of dollars have been wiped from the Nasdaq-listed tech giants taking a nosedive amid a global stock sell off, as fears of a US recession are causing investors to run for the hills. The so-called Magnificent Seven’s combined market capitalisation has lost at least $2.3t (£1.8t), equal to a 15 per cent slide from [...]
Warren Buffett’s Berkshire Hathaway dumps half of its Apple stake August 4, 2024 Warren Buffett’s Berkshire Hathaway has dumped half of its Apple holdings as it continues to trim its position in the company.
Elliott warns Nvidia is in ‘bubble land’ and AI is ‘overhyped’ August 2, 2024 Hedge fund Elliott Management has slammed artificial intelligence technology as "overhyped", warning that star stock Nvidia is in "bubble land".
FTSE 100 bounces back into green after tech sell-off July 26, 2024 FTSE 100 stocks have taken a dive this morning after a set of poor earnings reports and American markets suffering their worst day in two years.
Raspberry Pi is a ‘buy’: Analysts compare British chip stock to Microsoft, Apple and Nvidia July 23, 2024 Analysts believe Edge computing could be a game-changer for Raspberry Pi.