Nvidia Jumps Uncategorized

Nvidia Jumps on Bullish Outlook For AI-Fueled Demand; Sees Gaming Rebound

Nvidia (NASDAQ:NVDA) said better times are ahead for its chipmaking business, sensing a huge opportunity for its high-performance chips amid a growing frenzy for the new generation of artificial intelligence tools. “AI is at an inflection point, setting up for broad adoption reaching into every industry,” chief executive Jensen Huang said in a statement, noting […]

Telekom Uncategorized

Telekom Reports Q4 Growth, Forecasts Slightly Higher Earnings in 2023

Deutsche Telekom reported better-than-expected-fourth-quarter earnings on Thursday, citing customer growth in Germany and strong performance from T-Mobile US (NASDAQ:TMUS), and forecast a slight rise in profits this year. Adjusted earnings before interest, tax, depreciation and amortisation after leases (EBITDA AL) of 9.96 billion euros ($10.58 billion) for the quarter, slightly exceeded consensus estimates of 9.9 […]

Dollar edges Uncategorized

Dollar Edges Lower; Fed Minutes Loom Large

The U.S. dollar edged lower in early European trade Wednesday, handing back some of the previous session’s gains as traders cautiously await the release of the minutes of the Federal Reserve’s February meeting. At 02:55 ET (07:55 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded 0.1% lower […]

Asian stocks Uncategorized

Asian Stocks Hit By Tech Rout, More Fed Cues Awaited

Most Asian stock markets sank on Wednesday tracking overnight losses on Wall Street, with technology-heavy indexes losing the most as caution kicked in ahead of the minutes of the Federal Reserve’s February meeting. Japan’s Nikkei 225, the Taiwan Weighted index, and South Korea’s KOSPI were the worst performers for the day, losing between 0.8% and […]

Home Depot Uncategorized

Home Depot Shares Slide On Weak Sales, Annual Profit Forecast

Home Depot Inc (NYSE:HD) forecast annual profit below Wall Street expectations on Tuesday, hurt by higher supply chain costs amid weakening demand for home improvement products due to inflation. The No. 1 U.S. home improvement chain also missed fourth-quarter comparable sales estimates, sending its shares down 2.5% to $310 in premarket trading. The company said […]