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.
Meet the fund manager: Stephen Yiu on Meta, Nvidia and cashing in on the AI boom April 29, 2024 In this weekly series, investment reporter Elliot Gulliver-Needham sits down with a fund manager for a Q&A. This week, we’re hearing from Stephen Yiu, manager of Blue Whale Growth fund.
Amazon: AWS, Prime and AI set to drive first-quarter earnings April 28, 2024 Analysts said that Amazon has recently got its mojo back after losing momentum over the last few years.
Global top 50 companies: UK absent as American tech triumphs April 22, 2024 There are now no UK companies among the top 50 largest listed companies in the world, as the British economy has struggled to compete with the dominance of American tech firms.