Author: Advanced AI Bot

Nvidia (NVDA) stock jumped 16% over the five trading sessions ending Friday. The reason: optimism for its overseas business, specifically deals announced to expand its business in Saudi Arabia and the United Arab Emirates. This comes ahead of its quarterly earnings report on May 28. On Tuesday, Nvidia unveiled a commitment with Saudi Arabia’s new AI venture Humain — which is owned by Saudi Arabia’s $925 billion Public Investment Fund — to supply it with several hundred thousand AI chips over the next five years. The news came amid a flurry of deals between Humain and US Big Tech firms…

Nvidia (NVDA) stock jumped 3.7% midday Wednesday, extending its gain from the prior day, when shares rose nearly 6% and the AI chipmaker’s market cap surpassed $3 trillion for the first time since February. The gains come as US chipmakers, including Nvidia, announced billions of dollars’ worth of deals with Saudi Arabia during an investment forum attended by President Trump on Tuesday. Nvidia said it will supply several hundred thousand of its AI chips to Saudi Arabia’s AI venture Humain over the next five years, beginning with the sale of one of its latest Grace Blackwell AI supercomputers using 18,000…

Alphabet (GOOGL, GOOG) investors would be better off breaking up most or all of Google’s business as it struggles to prove that its search engine can maintain dominance in the AI chatbot era, DA Davidson analyst Gil Luria told Yahoo Finance in an interview Tuesday. “ By not breaking up, the company management is dooming Google to trade at … an extraordinarily low earnings multiple for a growth company,” Luria said. Last August, US District Judge Amit Mehta found Google liable for illegally monopolizing the general search engine market and the market for general search engine text, Yahoo Finance’s Alexis…

Big Tech’s earnings season is in full swing. And while we’ve still got a few weeks left before Nvidia reports its results on May 28, one major pattern is emerging. AI and advertising are dodging the impact of President Trump’s tariffs, while consumer-focused companies like Apple take the hit. Google parent Alphabet (GOOG, GOOGL), Amazon (AMZN), Meta (META), and Microsoft (MSFT) all scored solid results. Alphabet raised its dividend and authorized an additional $70 billion in stock buybacks, Meta provided strong guidance for the current quarter, and Microsoft pointed to healthy cloud sales. Amazon offered a lighter-than-anticipated outlook on its…

Nvidia (NVDA) stock rose 1.5% in premarket trading on Thursday as the Trump administration said it plans to repeal AI chip export restrictions put into place under former President Biden. The AI chipmaking giant’s stock had ended Wednesday’s trading 3% higher after a Bloomberg report first indicated that a repeal of Biden’s so-called AI diffusion rule was coming. The Commerce Department confirmed the regulatory shift after Wednesday’s closing bell, saying Biden’s AI rule was “overly complex” and “overly bureaucratic.” “We will be replacing it with a much simpler rule that unleashes American innovation and ensures American AI dominance,” a spokesperson…

Google (GOOG, GOOGL) stock dropped more than 7.5% on Wednesday after Apple’s senior vice president of services, Eddy Cue, revealed that Apple (AAPL) is exploring adding AI search engines such as Perplexity to its default Safari web browser. Cue’s comments came during Google parent Alphabet’s antitrust trial, according to Bloomberg. Last year, a federal judge ruled that Google maintained an illegal monopoly through its search business. During the trial, it was revealed that Google pays Apple $20 billion a year to use its search engine as the default search option in Safari. During his testimony, Cue said Apple saw a…

Palantir (PLTR) is set to report first quarter earnings after the bell Monday, with Wall Street analysts optimistic the AI software company will continue its rapid surge in revenue despite US defense budget cuts. Here are key figures expected by Wall Street analysts, according to Bloomberg estimates: Analysts project Palantir’s revenue from US government contracts will jump roughly 40% to just over $358 million, while revenue from deals with international governments is expected to jump 27% to roughly $100 million. Meanwhile, Palantir’s commercial revenue is expected to grow nearly 34% to $400 million. Palantir sells data analytics software to both…

This is The Takeaway from today’s Morning Brief, which you can sign up to receive in your inbox every morning along with: Sure, going on popular podcasts to show a more human side is nice. But what about claiming to grow the entire advertising market through AI and, in turn, changing the makeup of global GDP? That’s Meta CEO Mark Zuckerberg’s vision anyway. And Wall Street appears to be buying into it. If investors are still searching for answers to nagging questions about how massive AI investments will pay off, Zuckerberg provided the clearest reply yet: It will strengthen our…

Nvidia (NVDA) stock fell roughly 4% early Wednesday as news from Wall Street and Washington spurred fears of moderating AI demand and tightening chip trade rules from the Trump administration. Nvidia customer Super Micro Computer (SMCI), which makes servers using Nvidia’s designs to sell to data center operators and tech firms, cut its revenue and profit outlook for the third quarter — the latest news to signal a wider potential pullback in demand for AI infrastructure. Super Micro stock dropped 18% on Wednesday morning. Tech stocks were also under broad pressure amid a market sell-off spurred by negative news early…

Nvidia (NVDA) stock fell as much as 2% in early trading Monday following a report that Chinese tech giant Huawei is readying a new advanced AI chip in the wake of President Trump’s export ban on Nvidia chips to China. NasdaqGS – Nasdaq Real Time Price • USD As of 12:18:03 PM EDT. Market Open. The Wall Street Journal reported Monday, citing unnamed sources, that Huawei has approached some Chinese tech companies about testing a new AI chip called the Ascend 910D, which it hopes will be more powerful than Nvidia’s H100 AI chips. The 910D chips are successors to…