The world’s fourth richest person has exercised expiring options and sold $640-million of Oracle shares.
Browsing: Alphabet
Nvidia breached the $1-trillion in market capitalisation on Tuesday, making it the first chip maker to join the trillion-dollar club.
Promoted | By prioritising responsible AI, companies create trust in AI both internally and externally, making it easier to scale AI systems with confidence.
Some analysts said Nvidia’s results show that the generative AI boom could be the next big driver of growth.
Nvidia’s market value surged by $200-billion to more than $960-billion on the back of AI-fuelled blowout results.
In their earnings calls on Tuesday, the tech giants offered up starkly different assessments of just how much disruption is in store for the market.
Microsoft beat estimates for quarterly revenue and profit, with the company saying that artificial intelligence products are helping stimulate sales.
Alphabet shares fell sharply after a report that Samsung was considering replacing Google with Bing as the default search engine on its devices.
A leaner Meta Platforms is impressing investors, with analysts turning bullish amid cost cuts and stabilising advertising trends.
Alphabet lost US$100-billion in market value on Wednesday after its new chatbot shared inaccurate information in a promotional video.