Nvidia stock (NVDA) rose on Friday after Amazon reaffirmed its commitment to the chipmaker’s artificial intelligence processors and increased its capital spending plans, reinforcing investor confidence in continued demand for AI infrastructure. The stock gained 2.6% to $199.07 in midday trading, building on Thursday’s more than 2% advance. The rally put Nvidia on track to
When FIFA on Tuesday announced plans to create a $20 billion subsidiary to manage the commercial rights of the World Cup and other major tournaments, the proposal immediately became one of the most controversial ideas in modern football governance. What initially appeared to be a financial restructuring has quickly evolved into a debate over who
Gold fell on Friday as a firmer dollar encouraged profit-taking, but bullion remained on course for its first monthly gain in five months as buyers repeatedly returned near $4,000 an ounce. Spot gold slipped 0.6% to $4,076.53 by 0253 GMT, while August US futures lost 0.4% to $4,074.20. The metal was still up about 1.7%
Tesla stock rose by over 3.5% on Thursday and continued those gains in the extended hours after details of the potential merger with SpaceX emerged. TSLA hit a high of $315, up modestly from this week’s low of $296. Still, the question is whether a Tesla and SpaceX merger would be a good deal in
Silver fell towards $58.50 an ounce on Friday as a modest rebound in the US dollar prompted traders to trim positions after two sessions of gains. The metal was down about 0.8% at $58.52 in early trade, snapping a brief recovery that followed the Federal Reserve’s decision to keep interest rates unchanged. The pullback was
Uniswap (UNI) price has reclaimed the $4 level after climbing more than 9% in the past 24 hours, extending its weekly gains to around 18% as a new product launch and protocol revenue changes continue to attract buyers. According to Uniswap Labs, the latest catalyst arrived with the launch of Launches, a token discovery hub
Oil prices fell on Friday as signs of improving tanker traffic through key Middle East waterways encouraged traders to lock in profits after a volatile week. Brent crude dropped $1.03, or 1.2%, to $88 a barrel by 0215 GMT, while West Texas Intermediate declined $1.50, or 1.8%, to $82.09. Even after the pullback, both benchmarks
XRP price briefly climbed to $1.10 before easing back as steady ETF inflows and Aviva Investors’ tokenized fund launch on the XRP Ledger have continued to support buying interest despite persistent technical resistance. According to SoSoValue data, US spot XRP exchange-traded funds recorded $584,000 in net inflows on July 29, ending a three-day streak of
The FTSE 100 Index jumped to a record high this week as several important companies like IAG, NatWest, Lloyds, and Rolls-Royce published their financial reports and the Bank of England (BoE) delivered its interest rate decision. It soared to 10,976, up by 13.4% from its lowest level this year. This article looks at some of
Micron Technology (NASDAQ: MU) has received an unlikely boost from Apple after Tim Cook described the surge in memory prices as a “100-year flood.” The remarks strengthened the argument that today’s shortage reaches beyond artificial-intelligence data centres. Apple’s chief executive said exponential memory-cost increases had contributed to reluctant price rises. Apple paid more for memory