Even venture capital firms are stocking up on GPUs! a16z plans to purchase over 0.02 million GPUs, comparable in scale to Musk's xAI.
To catch up with the AI wave, not only the technology giants, but also the venture capitalists have begun to hoard GPUs. According to insiders, the venture capital firm Andreessen Horowitz (a16z) has stockpiled thousands of GPUs, including Nvidia H100 GPUs, and plans to hoard more than 20,000 GPUs in the future specifically for renting to AI startup companies.
Apple Registers Largest Growth Among Global PC Makers, Shipments Surge 20.8% — Report
$Apple(AAPL.US)$ had a 20.8% increase in personal computer shipments for the second quarter, marking the largest growth among global PC manufacturers.What Happened: The PC industry, which faced
Options Market Statistics: Tesla Hits 10-Day Winning Streak, Closes at 9-Month High, Options Pop
News Highlights
Apple has risen significantly, but Berkshire Hathaway has stagnated.
Apple's stock price hit a new high, surpassing Microsoft and Nvidia, becoming the company with the largest market cap in the world. However, Berkshire Hathaway, which holds a heavy position in Apple, has a cumulative increase of about 12.59% this year, still underperforming the S&P 500 index over the same period.
7/10 [Strengths and Weaknesses]
[Bullish and Bearish Materials] The Nikkei Average is rising (41580.17, +799.47), and the Nasdaq Composite Index is rising (18429.29, +25.55). The dollar exchange rate is 161.20-30 yen. There are expectations for inflation stabilization in the United States and a request for improved corporate value from the Tokyo Stock Exchange. Bearish materials include the Dow Jones Industrial Average falling (39291.97, -52.82), Chicago Nikkei futures declining (41515, compared to Osaka: -105), the SOX index decreasing (5765.20, -0.01), and the VIX index rising (12).
Yellen and Powell agree: the US labor market is weakening the push for inflation, and inflation pressures may continue to ease.
The current labor market is no longer the primary factor driving inflation in the US economy, as it was in the early stages of the pandemic recovery.
Microsoft bought billions of dollars in carbon credits from Occidental Petroleum, which is heavily favored by Buffett, in a record-breaking deal.
Occidental Petroleum, one of the largest petroleum producers in the USA and a petroleum stock favored by the stock god Buffett, will sell 0.5 million carbon credits to Microsoft within six years. The latest agreement highlights the enormous challenge faced by the technology industry in fulfilling its climate commitments, as the demand for electrical utilities surges under the impetus of the artificial intelligence boom.
Stock Futures Are Little Changed After S&P 500 Notches Another Record Close: Live Updates
The S&P 500 and Nasdaq Composite closed at fresh records Tuesday.
S&P 500 Holds Gains as Fed Bets Steady on Powell
Stocks closed at all-time highs, with Jerome Powell’s remarks to Congress doing little to alter bets the Federal Reserve will be able to cut interest rates this year.
Be vigilant! The "Buffett Indicator" is sounding the alarm: US stocks are just too expensive.
The Buffett indicator is issuing a warning to investors.
Nvidia CEO Huang Sells Another $30.7M in Shares as Part of Trading Plan
Powell Keeps Options Open on Rate-Cut Timing
Federal Reserve Chair Jerome Powell suggested the central bank was focusing greater attention on when to cut interest rates now that inflation has resumed a decline and the labor
Tesla Shifts Into Top Spot on IBKR's Most-active List, Overtaking Nvidia
Tesla Loses Ground: Elon Musk's EV Market Share Falls Below 50% For First Time
Tesla Inc.'s (NASDAQ:TSLA) share of the electric vehicle (EV) market in the U.S. has dipped below half for the first time. What Happened: The Elon Musk-led company is seeing more automobile rivals
GenAI Must Generate $600B A Year To Justify Hardware Costs, Sequoia Estimates: How Much Does Google Search Make?
Artificial intelligence (AI) has taken the markets by storm, catapulting several AI-related stocks to all-time highs. Amid concerns that AI's rally is a "bubble," a new report from Sequoia Capital
S&P 500, Nasdaq Climbs Soften But Still Finish at Records After Lack of Rate Cut Clarity
As a general recap, the Nasdaq and S&P 500 indexes hit a fresh all-time high Tuesday after open, while investors watched Federal Reserve President Jerome Powell make remarks in front of a Senate
Tesla Shares Are Trading Higher. The Stock May Be Gaining on Continued Optimism Following Last Week's Delivery and Production Figures.
Tesla Shares Are Trading Higher. The Stock May Be Gaining on Continued Optimism Following Last Week's Delivery and Production Figures.
'The Other 493' Set To Grow More Than 'Magnificent 7' This Earnings Season: Bank Of America
The second quarter is projected to be the first in which the "Other 493" companies — those outside the "Magnificent 7" tech giants — will exhibit earnings growth after five quarters of stagnation or
Bill Gross: Tesla Is Acting Like a Meme Stock
Reported Earlier, 'Tesla's Share of U.S. Electric Car Market Falls Below 50%' - NYT
A new report estimates that the company led by Elon Musk accounted for just under half of all battery-powered vehicles sold in the second quarter of the year.