CEO Jensen Huang Just Delivered Fantastic News for Nvidia Investors

Nvidia (NASDAQ: NVDA) recently reported another blowout quarter. After guiding investors to expect revenue in its fiscal 2025 third quarter to be around $32.5 billion, the leading artificial intelligence (AI) company reported record quarterly sales of $35.1 billion for the period ended Oct. 27. Exceeding expectations has become the norm, though, as AI capital spending … Read more

US to Introduce New Restrictions on China’s Access to Cutting-Edge Chips

The US government has been imposing similar export controls on China aimed at limiting its ability to mint advanced silicon for years, but the controls apparently didn’t stop Huawei from developing competitive chips for training large AI models. The Chinese tech giant, which was temporarily crippled by US sanctions half a decade ago, sent samples … Read more

Thanksgiving travelers will see some of this year’s lowest gasoline prices (NYSEARCA:USO)

Nov. 27, 2024 6:15 PM ETUnited States Oil Fund, LP ETF (USO), CL1:COMUCO, DBO, UNG, FCG, USL, SCO, UNL, BNO, BOIL, KOLD, GUSH, DRIP, USOI, CO1:COM, NG1:COMBy: Carl Surran, SA News Editor SlavkoSereda/iStock via Getty Images Crude oil futures finished flat ahead of the Thanksgiving Day holiday, with the Israel-Hezbollah ceasefire taking some risk premium … Read more

Uber’s subscription service reportedly target of FTC probe

The Federal Trade Commission is investigating Uber over whether it broke consumer protection laws by allegedly automatically signing people up for its Uber One subscription service and making it hard to cancel, according to Bloomberg News. The investigation was opened earlier this year after the FTC received customer complaints. Uber told Bloomberg that its cancellation … Read more