Topic: market capitalization
-
Nvidia Soars to $5 Trillion Milestone as CEO Rejects AI Bubble Fears
Nvidia has become the first company to reach a $5 trillion market capitalization, driven by securing $500 billion in AI chip orders and plans to build seven supercomputers for the U.S. government, surpassing Apple and Microsoft. CEO Jensen Huang dismissed concerns of an AI bubble, citing strong d...
Read More » -
Apple, Microsoft Hit $4 Trillion on AI and Cloud Boom
Apple and Microsoft have each achieved a $4 trillion market capitalization, driven by innovation in artificial intelligence, cloud computing, and strong product sales like the iPhone series. Microsoft's growth is fueled by its strategic partnership with OpenAI and the expanding Azure cloud platfo...
Read More » -
Tesla Proposes $1 Trillion Deal to Deploy Musk's Robot Army
Tesla's board has proposed a new compensation package for CEO Elon Musk, potentially worth up to $1 trillion if he achieves ambitious technological and financial milestones, which could make him the world's first trillionaire. The proposal requires Musk to oversee the deployment of one million ro...
Read More » -
ADX Launches Middle East's First Quantum Computing ETF
The Abu Dhabi Securities Exchange (ADX) has launched the Middle East's first quantum computing ETF, trading as QUANTM, to broaden regional access to global leaders in this transformative technology. This ETF tracks a specialized index and offers exposure to major tech companies like Alphabet, Ama...
Read More » -
Elon Musk's $1 Trillion Tesla Pay Approved Despite CEO Criticism
Tesla shareholders overwhelmingly approved a potential $1 trillion compensation package for CEO Elon Musk, contingent on the company meeting ambitious long-term performance goals. The package grants Musk over 423 million shares if Tesla achieves targets like producing 20 million vehicles, deployi...
Read More » -
Tesla's $1 Trillion Musk Pay Deal Nears Approval Despite Protests
Institutional Shareholder Services (ISS) recommends Tesla shareholders reject Elon Musk's proposed compensation package, deeming it excessive and lacking binding commitments to ensure his focus remains on Tesla. The package could grant Musk over 423.7 million shares, potentially increasing his ow...
Read More » -
Meesho's $606M IPO Soars Amid India E-Commerce Boom
Meesho's IPO debuted strongly with shares surging 46%, raising $606 million and achieving an $8.69 billion valuation, a significant jump from its last private valuation. The company's success stems from its unique low-cost social commerce model, which connects small merchants with value-conscious...
Read More » -
Tesla Shareholders Back Musk's $1 Trillion Pay Deal
Tesla shareholders overwhelmingly approved a new compensation package for CEO Elon Musk, potentially worth up to $1 trillion in Tesla shares, reflecting strong investor confidence in his leadership. The package ties Musk's earnings to ambitious operational and financial milestones, including incr...
Read More » -
How AMD's Stock Will Fund OpenAI's Billion-Dollar Chip Deal
OpenAI will fund its multi-billion dollar AMD chip purchases using stock warrants, receiving up to 160 million shares as it helps AMD improve its Instinct GPU line and deploys significant computing capacity. The partnership could see AMD's stock value surge, potentially making OpenAI's stake wort...
Read More » -
Nvidia's AI Startup Investments: Powering the Future
Nvidia is leveraging its dominant position in high-performance GPUs and financial power to strategically invest in and shape the AI ecosystem through extensive venture capital activities. The company has significantly increased its startup investments, participating in numerous large funding roun...
Read More » -
AMD CEO Lisa Su: AI Bubble Fears Are Overblown
AMD CEO Lisa Su dismisses AI bubble concerns, asserting that the demand for computing power and advanced semiconductors is a genuine, long-term structural shift. AMD faces significant challenges, including scaling global data center infrastructure and navigating geopolitical trade restrictions, s...
Read More » -
Groww IPO Raises $750M Amid India's Investing Boom
Groww launched India's largest fintech IPO this year, raising ₹66.3 billion and achieving a 29% surge in share price, boosting its market valuation to around ₹795 billion. Founded in 2016, the platform targets novice investors and competes with established firms, supported by a user base of over ...
Read More » -
Adobe Acquires Semrush in $1.9 Billion Deal
Adobe has acquired Semrush for $1.9 billion, expanding its marketing tools to capitalize on AI-driven search and content discovery growth. The acquisition addresses the shift in consumer habits toward AI platforms, emphasizing the need for brands to optimize for generative AI discoverability. Sem...
Read More » -
Tesla Shareholders to Vote on Musk's xAI Investment
Tesla shareholders are voting on a proposal to invest in Elon Musk's xAI, aiming to strengthen Tesla's position in AI, robotics, and energy. The board is neutral on the proposal, which could make Tesla the second Musk-led company to invest in xAI, following SpaceX's commitment. The vote coincides...
Read More » -
Inside Nvidia's AI Startup Investment Empire
Nvidia's AI dominance is fueled by a massive venture capital strategy, investing in nearly 67 deals in a year to shape the ecosystem and ensure its hardware remains central. The company places major bets on leading AI model developers like OpenAI and Anthropic, and invests in critical infrastruct...
Read More » -
Circle CEO: Building an 'Economic OS' for the AI Era
Jeremy Allaire, CEO of Circle, envisions a global financial transformation powered by digital currency technology, which he describes as an "economic operating system for the internet." Circle's USDC stablecoin, backed by U.S. dollars, is promoted as a superior tool for efficient cross-border pay...
Read More » -
Sundar Pichai Warns of AI Investment "Irrationality"
Alphabet CEO Sundar Pichai warns of "irrationality" in the AI market, comparing current investment trends to the excesses of the 1990s internet boom and anticipating similar transformative long-term impact despite short-term volatility. Skepticism is growing over massive financial commitments in ...
Read More » -
Apple Picks Google Gemini to Power Siri's AI Upgrade
Apple has entered a multi-year partnership with Google, selecting its Gemini AI models to power a major upgrade to Siri and the broader Apple Intelligence system. The deal involves Google's cloud technology for core AI features, while Apple's own on-device and Private Cloud Compute models will ma...
Read More » -
ChatGPT's New Job Search Feature: Optimize Your Resume & More
OpenAI is piloting a new "Jobs" feature in ChatGPT to act as a comprehensive career assistant, following a strategy of expanding into specialized domains like its recent Health dashboard. The tool helps users improve resumes, clarify suitable roles, and search for matching job opportunities by an...
Read More » -
Nvidia Deepens AI Partnerships with Hyundai, Samsung, SK, Naver
Nvidia is expanding its presence in South Korea through strategic alliances with Hyundai Motor, Samsung, SK Group, and Naver to enhance the nation's AI infrastructure and capabilities in physical AI systems. The South Korean government will procure over 260,000 of Nvidia's latest GPUs, with 50,00...
Read More »