ASX falls as higher inflation pushes back rate cut bets, BHP seeks Anglo American takeover extension — as it happened
ABCAI chipmaker Nvidia is close to overtaking Apple as the second most valuable company on Wall Street. Nvidia's share price has recently been boosted by its strong forecast for June-quarter revenue and last week's announcement of a 10-for-1 stock split, which got investors excited. The purpose of this stock split is basically to lower Nvidia's share price, without diluting the shareholding of existing investors. Nvidia, which has been one of the biggest beneficiaries of the AI boom, reported a five-fold jump in revenue at its data centre segment last week as customers line up for their high-performance chips. If you're interested in finding out why Nvidia's graphics processing chips have benefited greatly from the artificial intelligence boom, you can watch my explainer here:
History of this topic
All eyes are on Nvidia’s stock, so what’s been going on?
The Hindu
Nvidia share price jumps 7%, bounces back after $430 billion market dip
Live MintAll eyes are on Nvidia’s stock, so what’s been going on?
Associated Press
Nvidia sees around £339bn wiped off market value in three-day sell-off
The IndependentNvidia 10-for-1 stock split goes into effect after stock price for the chipmaker doubled this year
Associated Press
Nvidia shares shed 10%, shaving off at least $200 billion
The HinduDiscover Related
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