Nvidia Leads the Charge Shares of technology companies surged amid signs that the AI boom is gathering momentum. Nvidia shares leapt by more than 15% after the chip maker forecast burgeoning growth for its artificial-intelligence supporting semiconductors. Gains for Nvidia have amounted to more than 60% for the year to date. On Thursday, Nvidia added $276.7 billion in market … [Read more...] about AI Stocks Surge in Tech Sector
Generative AI
Apple Abandons Car Project
The once highly-anticipated Apple car project appears to have come to an end, with the tech giant pivoting towards investing more resources into generative AI. Despite this significant shift in strategy, stocks of major auto companies like Ford Motor, General Motors, and Tesla remained relatively unaffected. Lack of Concrete Details After reports from Bloomberg surfaced earlier … [Read more...] about Apple Abandons Car Project
Autodesk’s Financial Performance in Q4
Autodesk reported revenue of $1.47 billion for the fiscal fourth quarter ended Jan. 31, marking an 11% increase from the previous year (13% adjusted for currency). The company exceeded its guidance range and Wall Street consensus, showcasing its financial strength. CEO Andrew Anagnost's Insights CEO Andrew Anagnost emphasized the robustness of Autodesk's business, attributing … [Read more...] about Autodesk’s Financial Performance in Q4
