US Stock Reports, Quotes and News
Investing.com– Chinese entities acquired Nvidia’s most advanced artificial intelligence chips through resellers even after the U.S. last year widened a ban to restrict Chinese access to the technology, a Reuters report showed on Tuesday.
Investing.com– Investors were seen sharply scaling back bullish positions on U.S. stock indexes over the past week, specifically the S&P 500 and the Nasdaq 100, as sentiment was battered by signs of sticky inflation and rising geopolitical tensions, Citi analysts said in a note.
TOKYO (Reuters) – Japanese retail giant Seven & i Holdings said on Tuesday it wanted to see huge growth for its 7-Eleven convenience store chain globally, and would be accelerating its entry into Europe, Latin America, the Middle East and Africa.
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HANOI (Reuters) – Vietnam's top tech firm FPT plans to build a $200 million artificial intelligence (AI) factory using Nvidia (NASDAQ:NVDA)'s graphics chips and software, the two firms said on Tuesday.
Investing.com – Australia stocks were higher after the close on Tuesday, as gains in the IT, Healthcare and Financials sectors led shares higher.
Investing.com – Japan stocks were higher after the close on Tuesday, as gains in the Mining, Chemical, Petroleum & Plastic and Warehousing sectors led shares higher.
TOKYO (Reuters) -Japanese electric motor maker Nidec on Tuesday posted an operating loss for the January to March quarter, hit by the costs of restructuring steps taken to deal with fierce price competition in China's electric vehicle market.
SAP SE (ETR:SAPG) (SAP) reported a robust start to 2024, with its first-quarter earnings showcasing a significant surge in cloud revenue and backlog, alongside a healthy increase in operating profit. The company's cloud revenue climbed by 25% to EUR 3.9 billion, while the current cloud backlog expanded by 28% to a record EUR 14.2 billion. Operating profit rose by 19% to EUR 1.5 billion, reflecting strong performance across various regions and a strategic focus on cloud and AI-driven growth.