Let the rotation begin The Dow Jones Industrial Average surged on Friday 12th July 2024 as investors began to diversify beyond the technology sector. The Dow closed at 40,000.90, after hitting a new all-time high of 40,257. The S&P 500 added 0.55% to 5,615, and the Nasdaq Composite went upRead More →
On Wednesday, 10th July 2024, the S&P 500 reached a new record high, surpassing 5,600 for the first time, propelled by a significant surge in semiconductor stocks. The S&P 500 index rose by 1.02%, ending the day at 5,633 and marking its seventh consecutive day of gains. The Nasdaq CompositeRead More →
Japan’s Nikkei 225 surpassed the 42,000 threshold for the first time ever during a widespread increase in Asia-Pacific markets on Thursday 11th July 2024. This surge followed a rally in U.S. Big Tech stocks, fueled by optimism over a potential Federal Reserve rate cut moving ever closer. The Nikkei climbedRead More →
Tungsten is a critically important rare earth metal, renowned for its unique and valuable properties. Tungsten has the highest melting point among all metals, which makes it exceptionally suitable for high-temperature applications. Key aspects of its importance Industrial and technological applications Tungsten is used in many industries where hardness, high density, high wearRead More →
The S&P 500 reached new heights in a shortened trading session on Wednesday 3rd July 2024, with investors seemingly dismissing lacklustre economic data. The S&P 500 closed at a new high of 5537, while the Nasdaq Composite finished the session at 18188, buoyed by rallies in technology and AI stocksRead More →
To put this figure into some perspective, the loss is comparable to the GDP output of a small country, such as Norway, Singapore, or the UAE, for example. Global semiconductor stocks experienced volatility on Tuesday following a decline in Nvidia’s shares from the previous trading sessions. Shares of chip firmsRead More →
The Dow Jones Industrial Average gained as investors rotated out of ‘hot’ chip stocks, including Nvidia. Nvidia shares fell a little under 7% on Monday 24th June 2024, the chipmaker’s third down day in a row. The stock is down 13% from its peak last week. Other stocks that alsoRead More →
The little-known company, Nvidia, now stands alongside Apple and Microsoft in market cap valuation thanks to AI. In just a little over a year it has all but tripled its market valuation and become a go to investment on Wall Street and around the world. Nvidia’s market capitalization has recentlyRead More →
The S&P 500 retreated on Thursday 20th June 2024, having momentarily surpassed the 5500 for the first time ever, as Nvidia, a favourite stock with Wall Street investors, relinquished its earlier gains. The S&P 500 index fell 0.25% to end at 5473. Earlier in the session, the S&P 500 gainedRead More →
Anthropic, a rival to OpenAI, unveiled Claude 3.5 Sonnet on Thursday, touting it as their most advanced AI model to date. Claude has joined the ranks of widely used chatbots such as OpenAI’s ChatGPT and Google’s Gemini. Founded by former OpenAI research leaders, Anthropic has secured backing from major techRead More →
The unloved rally: A paradox The S&P 500 and Nasdaq have been reaching all-time highs with remarkable frequency, notching nearly thirty record days in 2024, including four in the past week. Despite this stellar performance, a considerable number of investors remain hesitant. Let’s explore the reasons behind this paradox. LingeringRead More →
Nvidia, traditionally recognised within the gaming community for its graphics chips, has become the world’s most valuable publicly traded company. On Tuesday 18th June 2024, Nvidia’s shares rose by 3.6%, increasing its market cap to $3.34 trillion and overtaking Microsoft, now valued at $3.32 trillion. Earlier in the month, Nvidia’sRead More →
Microsoft will not include Recall, the artificial intelligence tool designed to track user activity, in the upcoming release of the Copilot+ PC. Concerns have been raised by industry experts about the possibility of hackers creating tools to extract user information. Microsoft has reportedly announced that Recall will transition from aRead More →
Apple’s shares reached a new record high of approximately $207 per share on Tuesday 11th June 2024, surpassing the previous record set in December. At its annual developer conference on Monday 10th June 2024, the company launched its highly anticipated venture into AI. Apple is playing catch-up in the AIRead More →
The S&P 500 and Nasdaq Composite reached new closing highs on Tuesday 11th June 2024, propelled by Apple as the tech giant’s stock hit a record itself. The S&P 500 index climbed to a new high to close at 5375, while the Nasdaq Composite finished the day at 17343. BothRead More →
Apple has entered the artificial intelligence race with the announcement of its version of AI – Apple Intelligence on Monday 10th June 2024, in its attempt to catch up in the AI race. Reportedly to use it on your phone, you’ll need at least the high-end iPhone 15 Pro fromRead More →
The British computing startup Raspberry Pi is aiming to raise £166 million ($211.2 million) from its initial public offering in London on Tuesday 11th June 2024. The company, known for its compact single-board computers, has set its share price at 280 pence each. Conditional dealing of Raspberry Pi shares willRead More →
After Microsoft announced its Recall feature for Copilot+ AI PCs, security analysts reportedly said it could expose user data to hackers and cyber-crime. Microsoft reportedly said Friday 7th June 2024 that the feature will be ‘off‘ by default. The software company also announced security protections.Read More →
The S&P 500 reached a new high as Nvidia surpassed the $3 trillion mark for the first time, and the anticipation of an interest rate cut grew due to softer-than-expected job data. S&P 500 all-time high as of 5th June 2024 Similarly, the Nasdaq 100 and Nasdaq Composite achieved newRead More →
Kneron, a startup specializing in artificial intelligence chips, unveiled its latest products on Wednesday 4th June 2024. The company aims to exploit the growing world-wide interest in AI and provide an alternative to industry heavyweights such as Nvidia and AMD. The company, headquartered in Taiwan and supported by American semiconductorRead More →
Intel announced its new Xeon 6 processors at the Computex tech conference in Taiwan on Tuesday 4th June 2024. This announcement coincides with the recent launches of new artificial intelligence chips by rivals Nvidia and AMD on Sunday and Monday 2nd and 3rd June 2024 – as they compete forRead More →
ThousandEyes, Cisco’s internet monitoring division, has introduced a new suite of AI-driven features known as Digital Experience Assurance, or DXA, on Tuesday 4th June 2024. The firm asserts that this new AI technology will allow customers to not only monitor but also automatically address issues affecting network quality. Describing itselfRead More →
Bitcoin miners have been diversifying operations into artificial intelligence (AI) due to several key factors. Since Bitcoin halving, miners have been searching for more lucrative income streams as AI and crypto industries collide. Revenue shift The revenue from crypto mining, especially Bitcoin, has significantly decreased in recent months. After the ‘BitcoinRead More →
AMD announced new artificial intelligence chips on Monday 3rd June 2024, aiming to position itself as a leader in the market alongside competitors such as Nvidia and Intel. “AI is our number one priority and we’re at the beginning of an incredibly exciting time for the industry as AI transformsRead More →
Nvidia has revealed its latest generation of AI chips, coming just months after the release of its preceding model. This rapid succession underscores the intense competition within the AI chip market and Nvidia’s relentless effort to maintain its leading position. CEO Jensen Huang has now committed to unveiling new AIRead More →
Singapore is actively addressing the dual challenges of the increasing demand for artificial intelligence (AI) and the pressure on energy resources. The nation recently unveiled a green data centre roadmap to bolster its digital economy aspirations. Growing AI Demand and Energy Strain With the increasing demand for digital and AIRead More →