The S&P 500 dropped 0.67% to close at 7,353.61 on Tuesday, pressured by rising Treasury yields hitting near 19-year highs. Despite this, Polymarket traders predict a 71% chance the index will open higher on Wednesday, driven by optimism around Nvidia's upcoming earnings report and ongoing AI sector growth. Investors are also watching Federal Reserve minutes and economic signals amid inflation concerns and geopolitical tensions affecting oil prices. Key earnings from companies like Lowe's, Target, and Hasbro are also anticipated to influence market direction.
Alibaba unveiled the Zhenwu M890, an AI chip with three times the performance of its previous model, featuring 144 GB GPU memory and 800 GB/s bandwidth. The chip aims to boost Alibaba and its subsidiary T-Head's position in China's AI processor marke...
Alibaba unveiled its new AI chip, the Zhenwu M890, hours before Nvidia's highly anticipated quarterly results, highlighting growing competition in AI processors. The chip offers three times the performance of its predecessor and targets AI software a...
Nvidia has launched its first research center in Singapore, focusing on embodied AI and improving AI infrastructure efficiency. This move aligns with Singapore's strategy to become a regional hub for AI development, especially in robotics, autonomous...
An investor who heavily favored tech stocks tied to AI growth since April is now stepping back from the momentum trade, citing signs of profit-taking and a narrow market rally. They plan to hold some cash and focus on higher-quality stocks after the ...
Nvidia's Physical AI segment has surpassed $6 billion in annual revenue, enabling AI to automate real-world tasks beyond software. This technology is starting to impact blue-collar jobs, especially those in structured, indoor environments like wareho...
