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Nvidia stock surges as revenue forecast tops estimates, AI demand continues

(Reuters) -Nvidia on Wednesday forecast a roughly threefold surge in quarterly revenue that handily beat estimates as the company banked on towering demand for its industry-leading artificial-intelligence chips, sending its shares up 10% after-hours. The already-hefty demand for the company's data center chips and graphics processing units (GPUs) continues to grow as firms scramble to expand their AI offerings. Nvidia's silicon dominates the global market for AI chips, where it counts the likes of Microsoft among its customers.

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Nvidia's stock soars as chip maker leaves 'no doubt' of AI boom - National

Nvidia on Wednesday forecast a roughly threefold surge in quarterly revenue that handily beat estimates as the company banked on towering demand for its industry-leading AI chips.

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Wall St ends sharply lower as hot inflation sparks sell-off

Wall Street's main indexes ended
sharply lower on Tuesday after a higher-than-expected consumer
inflation reading pushed back market expectations of imminent
interest rate cuts, driving U.S. Treasury...

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Wall St sinks as hot inflation data dampens early rate-cut hopes

Wall Street's main indexes tumbled on
Tuesday after a higher-than-expected consumer inflation reading
pushed back market expectations of imminent interest rate cuts,
driving U.S. Treasury yields...

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Heavy winter sweaters, coats pile up at stores as warm weather threatens holiday shopping season

Heavy winter sweaters, coats pile up at stores as warm weather threatens holiday shopping season
reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.

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SoftBank's Arm launches IPO courting T Rowe in $52bln valuation ask

SoftBank's Arm launches IPO courting T Rowe in $52bln valuation ask
zawya.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from zawya.com Daily Mail and Mail on Sunday newspapers.

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Shell warns of significant drop in gas trading results

Energy giant Shell expects second-quarter gas trading results to be "significantly lower" than in the previous quarter, it said on Friday.

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Chinese small-cap stocks surge in meme-like rally

Chinese small-cap stocks surge in meme-like rally
zawya.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from zawya.com Daily Mail and Mail on Sunday newspapers.

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Chinese small-cap stocks surge in meme-like rally - Stock market news

NEW YORK (Reuters) - The U.S.-listed shares of small and micro-cap Chinese firms soared on Friday, reminiscent of meme-like rallies last summer that were underpinned by strong demand from retail investors. | 02:42pm

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Chinese small-cap stocks surge in meme-like rally

The U.S.-listed shares of small and micro-cap Chinese firms soared on Friday, reminiscent of meme-like rallies last summer that were underpinned by strong demand from retail investors.

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