Business

How long will the strong artificial intelligence buildout last? The market appears optimistic, with AI chip leader Nvidia (NASDAQ: NVDA) trading at 34 times forward earnings estimates and challenger Advanced Micro Devices (NASDAQ: AMD) trading at 30 times. However, there is a considerable debate among investors as to whether this …

(Bloomberg) — One of Europe’s best-performing equity funds has matched the steep gains of US tech without betting on the likes of Nvidia Corp. or Apple Inc. — instead by buying some of the region’s most undervalued stocks. Most Read from Bloomberg Brandes Investment Funds Plc’s European Value Fund, which …

(Bloomberg) — As Boeing Co. lurches from one crisis to the next, there’s been one constant for the embattled planemaker: Its predicament appears to be only getting worse. Most Read from Bloomberg From a freak accident that blew a door-size hole into the fuselage of an airborne 737 Max to …

MUMBAI (Reuters) – The growing use of artificial intelligence and machine learning in financial services globally can lead to financial stability risks and warrants adequate risk mitigation practices by banks, the Governor of the Reserve Bank of India said on Monday. “The heavy reliance of AI can lead to concentration …

A look at the day ahead in European and global markets from Rae Wee Beijing’s latest stimulus pledges were met on Monday with a mixed and volatile response in Chinese stocks, with investors showing no consensus view on promises over the weekend that were long on intent but short on …

Tesla Stock Tumbles After Underwhelming Robotaxi Presentation Tesla Inc. (NASDAQ:TSLA) stock fell by 10% after a less-than-stellar robotaxi reveal event on Friday that failed to wow Wall Street. What Happened: Tesla CEO Elon Musk unveiled the company’s future vision on Friday, which includes two-seater Cybercabs operating without human intervention. Notably, …

Chip and data center specialist Nvidia (NASDAQ: NVDA) has emerged as the king of the artificial intelligence (AI) realm. Quarter after quarter, the company continues to defy expectations, set revenue and profit records, and provide investors with a laundry list of such good news that it’s hard to keep track …

(Bloomberg) — Chinese stocks climbed in early trading on Monday after the finance ministry over the weekend promised new measures to support the property sector and hinted at greater government borrowing to shore up the economy. Most Read from Bloomberg The CSI 300 Index rose as much as 1.4% after …

By Colleen Howe BEIJING (Reuters) -Oil prices fell by more than $1 a barrel, losing over 1.5% in early trading on Monday, after disappointing Chinese inflation data and a lack of clarity on Beijing’s economic stimulus plans stoked fears about demand. Brent crude futures were down $1.26, or 1.59%, at …

By Ben Blanchard and Faith Hung TAIPEI (Reuters) – Taiwan Semiconductor Manufacturing Co, the main producer of advanced chips used in artificial intelligence applications, is expected to report a 40% leap in third-quarter profit on Thursday thanks to soaring demand. The world’s largest contract chipmaker, whose customers include Apple and …