Nvidia stock (NASDAQ: NVDA) ticked higher Monday as Commerce Secretary Howard Lutnick confirmed that President Trump will personally decide whether to allow the company to sell its powerful H200 AI chips to China. Lutnick told Bloomberg the decision “sits right on Donald Trump’s desk,” with input from multiple advisors, including Nvidia CEO Jensen Huang. The
Broadcom stock (NASDAQ: AVGO) jumped 10% on Monday as investors rotated back into AI infrastructure suppliers, encouraged by fresh momentum in custom chip demand and Google’s recent AI announcements. The semiconductor giant closed near $371 per share after the rally, catching momentum from a broader tech rebound and renewed optimism that the AI infrastructure spending
US stocks bounced hard on Monday as Thanksgiving week kicked off, with the Nasdaq surging 2.6% and the S&P 500 climbing 1.5% by midday. The rally was driven by three converging forces: renewed Fed rate-cut optimism now priced at roughly 75–80% for December, Amazon bombshell $50 billion government AI infrastructure bet, and a tentative rebound
A busy day across global politics, security, and markets: Trump and Xi held a high-stakes call on Taiwan and Ukraine, China blasted Japan over new missile deployments near Taiwan, a federal judge tossed charges against James Comey on a technicality, and Alphabet surged toward a $4 trillion valuation. A glance at the major developments on
President Donald Trump and Chinese President Xi Jinping spoke by phone Monday morning in a strategically timed call that signaled fragile but widening cooperation on trade, while leaving deeper geopolitical tensions over Taiwan and Ukraine simmering beneath diplomatic pleasantries. Trump announced April in-person meetings in Beijing and extended an invitation for Xi to visit Washington
Global markets opened the week with a wave of developments spanning technology, cryptocurrencies, and geopolitics. Google advanced its artificial intelligence ambitions with new efforts to expand the reach of its custom chips, while Bitcoin and major altcoins rallied on increasing confidence that the Federal Reserve will cut interest rates in December. At the same time,
Alibaba reported stronger-than-expected revenue for its fiscal second quarter, driven by accelerating growth in its cloud computing division and rising demand for artificial intelligence services. The company’s New York-listed shares rose around 3.2% in premarket trading as investors appeared willing to look beyond a sharp decline in profitability and focus instead on renewed momentum in
Nvidia shares dropped on Tuesday after a report indicated that Meta Platforms is in talks to adopt Google-designed chips for its data-center infrastructure. Nvidia’s stock was down 3.58% in premarket trade, while shares of Alphabet, Google’s parent, rose more than 4% following the report from The Information. The Information reported that Meta is considering using
It has been a year of layoffs. The year 2025 has been marked by sweeping layoffs across the global technology sector, with companies large and small announcing deep job cuts as they grapple with overexpansion, cost pressures, and the growing shift toward artificial intelligence. At least more than 112,000 employees have been laid off so
Tata Consultancy Services share price is staging a slow comeback in the past few weeks. After bottoming at ₹2,856 in October, TCS has rebounded by over 10% to the current ₹3,155. So, will this rally continue as it formed a bullish pattern? Tata Consultancy Services has faced challenges this year TCS, one of the top