AI
Nvidia eclipses Microsoft as world’s most valuable company
Nvidia dethroned tech heavyweight Microsoft as its high-end processors play a central role in a scramble to dominate AI technology.
$1.5 billion
Report: Paramount, Skydance Agree On $8B Merger Deal
Paramount Global and Skydance have agreed to terms on a merger between the two big entertainment companies that’s valued at $8 billion.
Advanced Micro Devices
AMD launches new AI chips to take on leader Nvidia
AMD unveiled its latest artificial intelligence processors and detailed its plan to develop AI chips in a bid to challenge industry leader Nvidia.
AI components
Dow Eclipses 40,000 For First Time Ever In The Stock Market
The Dow Jones Industrial Average hit the 40,000 point threshold for the first time ever on Thursday as investors on Wall Street were feeling timid over the idea of interest rate cuts.
ad revenue
Disney’s surprise streaming entertainment profit offset by weaker TV business
Disney’s surprise profit in its streaming entertainment division was eclipsed by a drop in its traditional TV business and weaker box office.
Alphabet
Apple set for big sales decline as investors await AI in iPhones
Apple’s plan to add generative AI to its iPhones and revive sagging sales in the crucial Chinese market will be in focus on Thursday.
Asia Pacific
PepsiCo’s results beat as international demand, higher prices drive growth
International business accounted for about 40% of PepsiCo’s fiscal 2023 revenue, while its North America businesses accounted for the remaining.
Alphabet
Wall St gains after Friday sell-off, Mideast tensions subside
Some megacap growth stocks edged higher in early trading, with Meta Platforms, Amazon.com and Apple up between 0.6% and 1.5%.
Advanced Micro Devices
Wall St slips after big bank earnings
Wall Street’s main stock indexes as some big banks dipped after reporting dour quarterly results and most megacap growth stocks and chipmakers receded.
10-year note
S&P, Nasdaq rise as fresh inflation data allays rate fears
A Labor Department report showed the PPI for final demand rose 0.2% in March, against forecasts of a 0.3% increase.