Business

Michael Nagle/Xinhua via Getty ImagesXinhua News Agency Stock investors are less than pleased with August inflation numbers. Core inflation rose unexpectedly, dashing hopes for a bigger rate cut from the Fed. Traders are now grappling with the reality that rates are staying higher for longer. The stock market is having …

AndreyKrav/iStock, Michael M. Santiago/Getty, Tyler Le/BI Nvidia stock surged 6% on Wednesday, helping fuel a tech-led rebound in the stock market. CEO Jensen Huang discussed the return on investment of AI infrastructure at a Goldman Sachs conference. Productivity gains and immediate cost savings are the core tenets of Nvidia’s ROI …

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Nvidia (NASDAQ: NVDA) stock posted big gains in Wednesday’s trading. The artificial intelligence (AI) leader’s share price closed out the daily session up 8%, according to data from S&P Global Market Intelligence. Nvidia stock gained ground in conjunction with a report from Semafor that the U.S. was considering lifting restrictions …

With a market cap of over $3.3 trillion, Apple is the world’s largest public company. Yet, it’s time for investors to forget it. Well, not literally — just figuratively. That’s because, while billionaires like Warren Buffett have been selling shares of Apple, several other famous billionaires have been stocking up …

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(Bloomberg) — Nvidia Corp. Chief Executive Officer Jensen Huang, whose products have become the hottest commodity in the technology world, said that the scramble for a limited amount of supply has frustrated some customers and raised tensions. Most Read from Bloomberg “The demand on it is so great, and everyone …

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After a hotter-than-expected inflation reading on Wednesday, markets have quickly moved to price in a higher likelihood that the Federal Reserve will opt for a smaller, more conservative interest rate cut at its September meeting. A bigger reduction could send stocks reeling. As of Wednesday, investors were placing the probability …