Explained: Why Intel shares jumped 22% after Nvidia’s $5 billion investment

Explained: Why Intel shares jumped 22% after Nvidia’s  billion investment

Shares of Intel jumped 22% on Thursday following news of a $5 billion investment by Nvidia and a strategic deal between the two chipmakers, news agency Reuters reported. Analysts said the agreement could strengthen Intel’s next-generation manufacturing technology, even without a direct commitment from Nvidia to use it for its own chips. Under the deal, … Read more

Explained: Why L&T share price jumped over 4% after Q1 results

Explained: Why L&T share price jumped over 4% after Q1 results

Shares of Larsen & Toubro (L&T) climbed over 4% on Wednesday after the engineering and infrastructure major reported stronger-than-expected earnings for the June quarter, buoyed by robust order inflows and international business traction. The stock hit an intraday high of Rs 3,650.90 on the BSE, making it the top gainer on the Nifty 50 index … Read more