Tesla’s earnings multiple surpassed by Nvidia’s AI-powered rally

Tesla’s earnings multiple surpassed by Nvidia’s AI-powered rally

Nvidia’s CEO Jensen Huang recently spoke at the Supermicro keynote presentation during the Computex conference in Taipei on June 1, 2023. Following a market route in tech stocks last year, most of the industry’s big names have rebounded in 2023. However, Nvidia has surpassed them all in performance. Due to their dominance in artificial intelligence …

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Sam Bankman-Fried Sentenced to Jail by U.S. Judge for Witness Tampering

Sam Bankman-Fried Sentenced to Jail by U.S. Judge for Witness Tampering

FTX Founder Sam Bankman-Fried makes his way to Manhattan Federal Court for a court appearance in New York, United States on June 15, 2023.  Fatih Aktas/ | Anadolu Agency | Getty Images Sam Bankman-Fried is set to be incarcerated on Friday following a judge’s decision to grant federal prosecutors’ request to revoke his bail due …

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Strategist points out investors’ excessive confidence in the impact of A.I.

Strategist points out investors’ excessive confidence in the impact of A.I.

An AI (Artificial Intelligence) sign is seen at the World Artificial Intelligence Conference (WAIC) in Shanghai, China July 6, 2023. Aly Song | Reuters Market participants are excessively confident about their ability to accurately predict the long-term effects of artificial intelligence, according to Mike Coop, the chief investment officer at Morningstar Investment Management. Despite a …

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Virgin Galactic debuts Galactic 02 spaceflight with its inaugural tourist launch

Virgin Galactic debuts Galactic 02 spaceflight with its inaugural tourist launch

[The livestream is scheduled to begin at 11 a.m. ET. If you cannot see the video player above, please refresh the page.] Virgin Galactic conducted its second commercial spaceflight on Thursday, marking its first voyage with private-paying tourists. Known as Galactic 02, the spacecraft took off from Spaceport America in New Mexico. It was piloted …

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Elon Musk affirms that X Corp. CEO Linda Yaccarino has full autonomy

Elon Musk affirms that X Corp. CEO Linda Yaccarino has full autonomy

X Corp. CEO Linda Yaccarino expressed her “autonomy” under owner Elon Musk in an interview with CNBC. She assured advertisers that they should feel confident about returning to the platform under her leadership. Yaccarino highlighted the tweet from Musk announcing her hiring, in which he emphasized his control over product and development. In her conversation …

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Earnings Report for SMIC in Q2 2023

Earnings Report for SMIC in Q2 2023

BEIJING, CHINA – DECEMBER 04: A logo hangs on the building of the Beijing branch of Semiconductor Manufacturing International Corporation (SMIC) on December 4, 2020 in Beijing, China. (Photo by VCG/VCG via Getty Images) Vcg | Visual China Group | Getty Images Semiconductor Manufacturing International Corp. reported a decline in second-quarter revenue due to ongoing …

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