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Stocks tumble as traders cast doubt on 2025 rate cut
Global stocks fell on Monday, while the dollar hit 26-month peaks following a bumper U.S. jobs report that prompted investors to question if interest rates will fall at all this year, just as earnings season is about to get underway.
World’s biggest chipmaker TSMC posts record 2024 revenue as AI boost continues
The company posted December quarter revenue that topped analyst estimates, as the company continues to get a boost from the AI boom.
Quantum Stocks Drop as Nvidia CEO Sees Use Years Away
The shares of IonQ Inc. and other companies linked to quantum computing tumbled in premarket trading on Wednesday, after Nvidia Corp. Chief Executive Officer Jensen Huang said that “very useful” quantum computers are likely decades away.
Uber teams up with NVIDIA to advance autonomous driving technology
NVIDIA and Uber Technologies have partnered to hasten the creation of artificial intelligence-powered autonomous cars. The firms stated in a joint statement that the cooperation would make use of DGX Cloud and NVIDIA's Cosmos platform to improve the scalability and efficiency of autonomous driving solutions.
Global chip stocks climb as Foxconn’s bumper results show a continuation of the AI boom
Global semiconductor stocks climbed on Monday after contract electronics giant Foxconn announced record fourth-quarter revenues, suggesting the artificial intelligence boom has far more room to run.
Tesla hits record EV sales in China despite global dip
The company achieved record electric vehicle sales in China in December, marking a new milestone for the company. The EV maker reported approximately 83,000 units sold in China during December, a 12.8% increase compared to November.
Apple offers holiday discount in China as Huawei competition heats up
The company is offering discounts on its top-end iPhones and other products in China for the upcoming Chinese New Year as the U.S. tech giant faces heightened competition in one of its most crucial markets.
Tesla Recalls Nearly 78,000 Model 3, Model Y Vehicles In China
The recalled Models were manufactured between Sept. 28, 2021, and Nov. 22 at the company’s gigafactory in Shanghai. Tesla will fix the issue via an over-the-air software update.
Boeing shares dropped nearly 5% in premarket
Boeing shares dropped nearly 5% in premarket after South Korea ordered an inspection of all B737-800 planes, the model involved in a deadly Jeju Air crash over the weekend.
Airlines stocks beat market by most in a decade as travel booms
A record year for travel in the US is pushing airline stocks to a soaring annual outperformance, and the prospect of sustained earnings power points to a bullish outlook for 2025.