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TradingKey - Semiconductor giant Nvidia has made a splash by investing $5 billion to acquire a stake in its former rival Intel, becoming one of its largest shareholders, and announcing a major collaboration on chip development. Analysts are weighing in on whether the Nvidia-Intel alliance could impa

The Nasdaq and the S&P 500 closed lower in choppy trading on Wednesday, after the U.S. Federal Reserve cut interest rates by an expected 25 basis points and Fed Chair Jerome Powell cited the weak job market.Market SnapshotThe Dow Jones Industrial Average rose 260.42 points, or 0.57%, to 46,018.32, t

Alibaba shares jump 3% in Hong Kong, market cap back above HK$3 trillion.Jack Ma, who faded from the public eye at the end of 2020 due to an antitrust investigation, has now returned to Alibaba, according to foreign media reports.His involvement is the most direct in five years, particularly concern

On september 15, Baidu signed strategic cooperation agreement with China Merchants Group to explore “AI + industry” path.On September 15, the China Cybersecurity Week Entrepreneur Forum was held at the Dianchi International Convention and Exhibition Center in Kunming. China's Leading companies were

Wall Street's three main stock indexes ended lower in choppy trading on Tuesday as caution set in ahead of an anticipated interest rate cut from the Federal Reserve.Investors are largely still pricing in a 25 basis-point cut from the U.S. central bank at the conclusion of its two-day meeting on Wedn

Wolfspeed shares jumped nearly 16% on Tuesday as the silicon carbide company officially rolled out its portfolio of 200mm silicon carbide products.Announced last week, the 200mm silicon carbide wafers have a wide range of end uses, including power electronics, electric vehicles, renewable energy, in

U.S. stock index futures inched higher on Tuesday after the S&P 500 and the Nasdaq closed at record highs in the previous session, as investors remained expectant about interest rate cuts from the Federal Reserve later this week.

During the years-long crackdown on China's technology industry, Alibaba Group Holding Ltd.’s internal messaging boards lit up with dreams to “MAGA” – Make Alibaba Great Again.

The S&P 500 closed above 6,600 for the first time on Monday. It has gained 12% this year. Among the S&P 500 constituent tech stocks, Oracle performed best, soaring 81% YTD; Broadcom up 57%; Netflix up 35%.

Xiaomi will release its next flagship smartphone this month and update the brand. This move is aimed at competing with Apple and seizing a share of the high-end smartphone market.The Beijing-based company is shortening its regular release schedule and directly jumping from the Xiaomi 15 generation t

Oracle stock gained 4% in premarket trading. Jefferies has reiterated its Buy rating on Oracle stock with a price target of $360.00, following a comprehensive analysis of the company’s cloud strategy.

Wall Street's main indexes notched record-high closes on Thursday following gains in Tesla and Micron Technology, while U.S. inflation and jobless data fueled expectations that the Federal Reserve will cut interest rates this month.Market SnapshotThe S&P 500 climbed 0.85% to end the session at 6,587

U.S. stock futures rose on Thursday as investors preferred to stay on the sidelines ahead of crucial inflation numbers that are likely to influence the Federal Reserve's monetary policy path.

Larry Ellison has become the world’s richest person for the first time, ending Elon Musk’s nearly year-long reign in the top spot, bloomberg reported.Ellison’s fortune soared $101 billion as of 10:10 a.m. in New York after Oracle Corp. reported quarterly results that surpassed expectations and said

QMMM Holdings shares pulled back 63% in premarket trading on Wednesday.Shares in digital advertising firm QMMM Holdings skyrocketed more than 2,300% at one point on Tuesday after the firm announced that it would create a $100 million digital assets treasury starting with Bitcoin, Ethereum, and Solan

Nvidia today announced NVIDIA Rubin CPX, a new class of GPU purpose-built for massive-context processing. This enables AI systems to handle million-token software coding and generative video with groundbreaking speed and efficiency.Rubin CPX works hand in hand with NVIDIA Vera CPUs and Rubin GPUs in

The Nasdaq notched a record high close on Monday, lifted by a rally in Broadcom, while the S&P 500 also gained as investors bet the Federal Reserve will soon lower borrowing costs to shore up economic growth.Market SnapshotThe S&P 500 climbed 0.21% to end at 6,495.15 points. The Nasdaq gained 0.45%

AI software shares dropped in premarket trading on Thursday. Figma fell 15%; C3.ai fell 13%; Gitlab fell 8%; Salesforce fell 6%.

The Trump family's American Bitcoin stock rose 3% after soaring 17% on the previous trading day.A bitcoin company tied to President Donald Trump's two oldest sons more than doubled in value in its stock market debut on Wednesday, valuing the sons' stake at well over $1.5 billion as the first famil

The Nasdaq rose 1% and the S&P 500 also ended higher on Wednesday as Alphabet jumped after a U.S. judge ruled against breaking up the Google parent and as investors were optimistic that the Federal Reserve would cut interest rates this month.Market SnapshotThe Dow Jones Industrial Average fell 24.58