ASX Tumbles into the Red as China Tariff Takes Effect
The US’ implementation of a 10 per cent tariff on all Chinese imports sent the ASX crashing in to the red in the final minutes of trade.The index closed 0.1 per cent, or 5.4 points lower at 8374 points.
NVIDIA Corporation (NVDA): AI Revenue Soars with Data Center Growth
We recently published a list of Coatue’s 35 Most Important AI Stocks. In this article, we are going to take a look at where NVIDIA Corporation stands against Coatue’s other most important AI stocks.Read more about these developments by accessing10 Best AI Data Center Stocksand10 Buzzing AI Stocks According to Goldman Sachs.Philippe Laffont ofCoatue Managementargues that AI could be the start of a new “super cycle” in the tech industry. Previous cycles included the rise of personal computers in the 1980s, networking in the 1990s, wired internet in the 2000s, and mobile internet in the 2010s, leading to the cloud era. However, software and internet experts Kash Rangan and Eric Sheridan highlight a key difference: this time, companies are linking AI investments directly to revenue generation, providing a financial safety net that was absent in past cycles.
Nvidia CEO Huang to Meet Trump at White House on Friday
Meeting is latest sign of Trump’s focus on AI technologySitdown comes after new Chinese AI model sparked concernPresident Donald Trump will meet with Nvidia Corp. chief executive Jensen Huang at the W
SummaryNVIDIA’s meteoric rise has been fueled by the generative AI boom, but history shows that tech hype cycles often result in overcapacity.15% of its Q3 2024 revenue came from China and Hong Kong.
Stock Track | Quantum Computing Inc. Plunges Over 5% as Top Investor Warns Against the Stock
Quantum Computing Inc. experienced a 5.03% plunge in its stock price during the Sunday night trading session, underperforming the broader market.The sell-off appears to be driven by a warning from a prominent investor about the potential risks associated with the company's stock. According to a news article, a top investor cautioned against investing in Quantum Computing, advising others to steer clear and "don't come within 500 feet" of the stock.While the company has been at the forefront of