Nvidia becomes first chipmaker valued at over $1 trillion

Nvidia becomes first chipmaker valued at over $1 trillion

Nvidia Corp breached the $1 trillion in market capitalization on Tuesday, making it the first chipmaker to join the trillion-dollar club. The gaming and AI chip company, whose shares rose 4.2% in early trading on Tuesday, was valued at $1 trillion. Taiwan Semiconductor Manufacturing Co Ltd is the next largest chipmaker globally, valued at about … Read more

US job cuts over Jan-Feb hit highest since 2009 – report

US job cuts over Jan-Feb hit highest since 2009 – report

Layoffs by U.S. companies over January and February touched the highest since 2009, with the tech sector accounting for more than a third of the over 180,000 job cuts announced, a report showed on Thursday. In February alone, layoffs in the United States stood at 77,770, more than five times higher than the 15,245 job … Read more

Apple shares surge to record high as rally picks up steam

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Apple Inc. rallied to close at record high Wednesday amid optimism on its corporate growth outlook for the second half of the year. It gained 1.8% to close at $144.57, smashing its January peak as some on Wall Street forecast a stronger rally over the next six months with iPhone sales poised to climb. It … Read more