Nvidia stock jumped on Thursday as CEO Jensen Huang said demand for its next-generation Blackwell chips has been "insane."
Dubbed the Magnificent Seven stocks, Apple, Microsoft, Google parent Alphabet, Amazon.com, Nvidia, Meta Platforms and Tesla lived up to their name in 2023 with big gains. But the start of the fourth quarter of 2024 showed their returns diverging and the whole group came under selling in recent months before rebounding.
(Bloomberg) -- OpenAI has completed a deal to raise $6.6 billion in new funding, giving the artificial intelligence company a $157 billion valuation and bolstering its efforts to build the world’s leading generative AI technology. Most Read from BloombergThe Corner Store ComebackA Housing Crisis Brews in Rwanda’s Capital CityGang Violence Is Moving to the Amazon’s Fast-Growing CitiesA 7,000-Year-Old City Emerges as a Haven from Dubai’s Sky-High RentsRoofs of Mexico City’s Massive Food Market Wil