Beauty vs. the AI beast: The company that beat Nvidia over a five-year period.

Beauty vs. the AI beast: The company that beat Nvidia over a five-year period.

What stock can take on Nvidia these days? Not too many, but over a five-year period, one cosmetics maker has conquered the beast of AI. At least for now. That’s according to this chart from Bespoke Investment Group that shows E.L.F. Beauty ELF, +1.99% up 2,639% over a five-year period, versus 1,937% for Nvidia NVDA, […]

Nvidia is ‘clear beneficiary’ of Meta’s AI spending rush. Its stock is climbing.

Published: Feb. 2, 2024 at 1:24 p.m. ET Nvidia Corp. is the “clear beneficiary” of Meta Platforms Inc.’s rampant spending on artificial intelligence, according to an analyst. The Facebook parent company now expects to spend $30 billion to $37 billion on capital expenditures this year, whereas it was projecting $30 billion to $35 billion previously. […]

Saudi Arabia goes big in Davos as it looks to become a top AI tech hub

Saudi Arabia goes big in Davos as it looks to become a top AI tech hub

A pop-up showcasing Saudi Arabia’s Neom development features among the most prominent on the Davos promenade in 2024. CNBC DAVOS, Switzerland — For years, the United Arab Emirates has been the Middle East’s go-to tech hub, thanks partly to its lack of personal income tax, flexible visa policies, and competitive incentives for international businesses and […]

India goes big too woo investors at World Economic Forum

India goes big too woo investors at World Economic Forum

India’s position on the global value chain is shifting due to government incentives and a digitally savvy economy Getty Premiums DAVOS, Switzerland — Along the Davos Promenade, attendees of the World Economic Forum stumble across the WeLead Lounge, a repurposed storefront showcasing India’s female leadership and talent. There’s also the India Engagement Center, a space […]

Generative AI will get a ‘cold shower’ in 2024, analysts predict

Generative AI will get a ‘cold shower’ in 2024, analysts predict

An AI sign is seen at the World Artificial Intelligence Conference in Shanghai, July 6, 2023. Aly Song | Reuters The buzzy generative artificial intelligence space is due something of a reality check next year, an analyst firm predicted Tuesday, pointing to fading hype around the technology, the rising costs needed to run it, and […]

Nvidia’s stock closes at record after Google AI partnership

Nvidia’s stock closes at record after Google AI partnership

Nvidia President and CEO Jensen Huang speaks at the COMPUTEX forum in Taiwan, May 28, 2023. Sopa Images | Lightrocket | Getty Images Nvidia shares rose 4.2% Tuesday to close at a record, after the chipmaker announced a partnership with Google that could expand distribution of its artificial intelligence technology. The stock’s torrid run continued, […]

Nvidia Corp’s demand soars as AI fuels steep fall forecast

Nvidia Corp’s demand soars as AI fuels steep fall forecast

by Ian King Chip maker Nvidia Corp., at the center of an industrywide race toward artificial intelligence computing, delivered its third consecutive sales forecast, beating Wall Street estimates on rising demand for its AI processors. Shares rose more than 6% in extended trading after Nvidia said it would sell about $16 billion in the […]