Asian Tech Stocks Decline Amid AI Focus and Nvidia Price Hike
Asian tech stocks experienced a decline, led by companies like Samsung and Alibaba, amidst a focus on AI spending and Nvidia's price hike. This market movement reflects investor concerns and shifts in the technology sector.
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Ives: Nvidia Earnings Could Be the Next Big Catalyst for AI Stocks
Nvidia’s earnings report on Wednesday will likely serve as another reminder of the company’s commanding lead. Analysts estimate that revenue nearly doubled last quarter from a year earlier to $92 billion. That’s more money than any of its rivals get in a full year. But the flood of cash — with sky-high profit margins — only makes its turf more attractive. Meanwhile, some of Nvidia Corp.’s biggest customers have been told that the prices of servers containing its artificial intelligence chips ...
Read full article →Global Market Today: Asian stocks dip with AI in focus, oil declines
MSCI’s Asia Pacific equities gauge dipped 0.1%, with the Kospi Index in South Korea — a bellwether for AI investments — falling 1.2%. However, US equity-index futures erased earlier losses to edged up, with contracts for the tech-heavy Nasdaq 100 climbing 0.1%.
Read full article →Asian stocks dip with AI in focus, oil declines - Moneycontrol.com
Asian stocks dip with AI in focus, oil declines Moneycontrol.com
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