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BBCNEWS The Context June 4, 2024 19:18:00 - Vimarsana News

BBCNEWS The Context June 4, 2024 19:18:00

The share price of the chip designer nvidia is soaring. the company reported $13 billion in revenue yesterday for its second quarter of 2023. that is up 88% from the previous quarter, well ahead of the $11 billion that analysts were expecting. sales were more than double those from the same quarter a year ago. nvidia's chips are the specialised processors that are fine—tuned to accelerate the calculations that drive chatgpt and the other generative ai applications. and it only further confirms that we are at the beginning of something really big. if you were to go back in time to the early 1...

nvidia: Nvidia rallies as Wall Street anticipates pivotal report - Vimarsana News

nvidia: Nvidia rallies as Wall Street anticipates pivotal report

Nvidia's shares have more than tripled this year, with the chipmaker at the center of a Wall Street technology rally fueled by optimism about the potential of AI.

BBCNEWS Asia Business Report June 4, 2024 23:32:00 - Vimarsana News

BBCNEWS Asia Business Report June 4, 2024 23:32:00

There is still some uncertainty where we are now in the final mile of bringing inflation from over 3% to 2%, which is the actual inflation target. so i think he will be ready to say that they remain data dependent while saying some progress has been done so far. and other thing that i am looking for is how will powell define data dependency? what will be the milestone that he will be looking right now as they make a decision about the last few hikes of this tightening cycle. that chip designer says it will buy back $25 billion more of its shares, saying its stock flying in various trading. the...

BBCNEWS Asia Business Report June 4, 2024 01:31:00 - Vimarsana News

BBCNEWS Asia Business Report June 4, 2024 01:31:00

Or the pricing of its offering but it is reportedly looking for a valuation of between 60 to 70 billion dollars. ahead of the ipo, the cambridge base company revealed revenue was down 1% from a year earlier. the company, which is currently owned by japan's softbank, is a chip designer whose technology powers most smartphones around the world, including iphones. in 2020, silicon valley chip maker nvidia tried to buy arm but the deal fell through because of regulatory scrutiny. despite that setback, nvidia is apparently in talks to take a major stake in the company when it goes public. other pos...

BBCNEWS Asia Business Report June 4, 2024 00:31:00 - Vimarsana News

BBCNEWS Asia Business Report June 4, 2024 00:31:00

Arm did not reveal the number of shares it was selling or the pricing of its offering but it is reportedly looking for a valuation of between 60 to 70 billion dollars. ahead of the ipo, the cambridge base company revealed revenue was down 1% from a year earlier. the company, which is currently owned by japan's softbank, is a chip designer whose technology powers most smartphones around the world, including iphones. in 2020, silicon valley chip maker nvidia tried to buy arm but the deal fell through because of regulatory scrutiny. despite that setback, nvidia is apparently in talks to take a ma...