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Growing concerns about an artificial intelligence bubble have, in large part, caused the stock market’s recent bout of volatility. So the AI industry will face an enormous test when Nvidia, the world’s most valuable company and backbone of the AI boom,
Anthropic in deal with Microsoft and Nvidia, Meta Platforms can avoid divesting Instagram, prediction markets in focus at CFTC nominee hearing, and more news to start your day.
AI pioneer Nvidia was again the heaviest weight on the market. The chipmaker's drop of 3.2% brought its loss for the month to nearly 11%, putting it in "correction" territory, or when a stock falls at least 10% from its previous high. The company is scheduled to report is third-quarter financial results on Wednesday.
Google boss warns ‘no company would be immune’ if artificial intelligence stock market bubble bursts
THE boss of Google has warned “no company would be immune” if the artificial intelligence stock market bubble was to burst. Sundar Pichai admitted there was an “irrationality” in the AI-fuelled
The seemingly sturdy U.S. stock market has begun to wobble. Its months-long tech-driven rally may be running out of steam amid broader uncertainty about the U.S. economy’s outlook.
With an enterprise value of $63.7 billion, CoreWeave still looks reasonably valued at 6 times next year's sales and 9 times its adjusted EBITDA. Therefore, it could have a lot more upside potential than the market's more overheated AI stocks.
U.S. stock index futures were slightly higher on Wednesday, having clocked declines at the start of the week, with investor focus on Nvidia's earnings later in the day which could prove to be a make-or-break moment for the AI trade.