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Wall Street stocks closed lower on Wednesday as investors digested minutes from the FOMC's latest policy meeting and earnings from chipmaker Nvidia.

Nvidia experienced a remarkable increase in profits and revenues, rising by 628% and 268% respectively, compared to the corresponding period in 2023. Its net income rose more than sevenfold compared to a year earlier, jumping to $14.88 billion in its first quarter that ended April 28

Intel's Ryan Tabrah goes into detail about the company's next generation of Xeon E-core processors with theCUBE at Dell Tech World 2024.

(Bloomberg) -- South Korea has unveiled a $19 billion package of incentives to bolster its chip sector, a boon to Samsung Electronics Co. and SK Hynix Inc. as they race to stay ahead in an increasingly competitive industry.Most Read from BloombergThese Flight Routes Suffer the World’s Worst TurbulenceNvidia Delivers on AI Hopes, Igniting $140 Billion Stock RallyCiti Trader Got 711 Warning Messages Before Sparking Flash CrashTech Up in Late Hours as Nvidia Emboldens AI Bulls: Markets WrapThe 26 t

SAN FRANCISCO — Nvidia on Wednesday overshot Wall Street estimates as its profit skyrocketed, bolstered by the chipmaking dominance that has made the company an icon of the artificial intelligence boom. Its net income rose more than sevenfold compared to a year earlier, jumping to $14.88 billion in its first