Elon Musk is on track to get a huge paycheck. Shareholders have given him the green light for a $1 trillion package. But to get that, Tesla needs to grow a lot. The company's value has to reach $8. 5 trillion, and profits need to hit $400 billion. The world of tech is buzzing with AI. Nvidia's CEO, Jensen Huang, thinks China might win the AI race. He says China has ...
Daniel and Will Roberts, once bankers, are now worth a whopping $850 million. How did they do it? They switched from crypto to AI. It was a risky move, but it paid off big time. Their journey started with Bitcoin mining. They even took their company, IREN Ltd. , public in 2021. But the crypto market crashed, and their shares lost almost all their value. It was a tou...
Michael Burry, the investor who predicted the 2008 financial crisis, is warning about the AI market. He thinks it's too hyped up and might crash. Burry, who famously bet against the housing bubble, shared his thoughts on X after a two-year break. He posted a quote from the movie "WarGames, " saying that sometimes the best move is not to play. This shows he thinks the...
Big things are happening in the world of artificial intelligence. Companies are pouring money into AI like never before. Nvidia, a key player in AI technology, recently hit a massive market value of over $5 trillion. This shows just how much confidence investors have in AI's future. But it's not just tech companies getting in on the action. Businesses from all kinds...
Nvidia has hit a major milestone, becoming the first public company to reach a $5 trillion market cap. This surge is largely due to the ongoing AI craze, with Nvidia's GPUs in high demand for data centers and AI applications. The company's shares rose over 5. 6% on a recent Wednesday, reaching $212. 19. This increase came after news that U. S. President Donald Trump ...
The AI industry is booming, and Celestica is right in the middle of it. The company's CEO, Rob Mionis, recently shared insights on how Celestica is playing a crucial role in this tech wave. Celestica is not just another tech company. It designs and builds the essential infrastructure that makes AI possible. Think of AI as a fast-moving train, and Celestica is the on...
The U. S. economy is now a high-stakes game, with big bets being placed on uncertain outcomes. This isn't about building factories or creating jobs, but about gambling on the future with other people's money. It's a risky business, and the stakes are high. Take a look around. The economy is full of speculation and risk. Tech giants are spending billions on AI and da...
U. S. stock markets saw a slight rise on Thursday, with tech companies leading the charge. This uptick came after Taiwan Semiconductor Manufacturing Co. (TSMC) reported better-than-expected profits for the latest quarter. TSMC's Chief Financial Officer, Wendell Huang, mentioned that the demand for their advanced technologies is expected to remain strong through the e...
Big tech companies are racing to lead in artificial intelligence. But this rush is causing a big problem. They need lots of power for their AI systems. This could make electricity bills go up a lot in the next few years. Chamath Palihapitiya, a well-known investor, recently talked about this issue. He said that if things don't change, electricity rates could double....
In the past few years, some tech stocks have gone on an incredible ride, making huge gains. Ten large companies in the Russell 1000 index have seen their stock prices increase by over 1, 000% since October 2022. This shows just how much investors are betting on new technologies and the booming AI market. One of the biggest winners is NVIDIA. Its stock has jumped fro...