Nvidia nears all-time high on AI spending surge
The Business Guardian|May 08, 2024
Nvidia shares are rapidly approaching their previous all-time highs set in March of this year, propelled by robust capital expenditure from key clients and in anticipation of strong earnings expected later this month.
Nvidia nears all-time high on AI spending surge

Since reaching a low point on April 19th, Nvidia shares have surged by 20%, now trailing the March. peak by only about 3%. On Monday, Nvidia closed 3.6% higher, contributing to a market capitalization increase of over $70 billion. 

Nvidia's top customers like Meta Inc, Microsoft, Amazon and Alphabet have all laid out sustained plans of capital expenditures in their respective earnings calls.

هذه القصة مأخوذة من طبعة May 08, 2024 من The Business Guardian.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 8500 مجلة وصحيفة.

هذه القصة مأخوذة من طبعة May 08, 2024 من The Business Guardian.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 8500 مجلة وصحيفة.

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Delhi High Court overturns case transfer, issues guidelines for judges
The Business Guardian

Delhi High Court overturns case transfer, issues guidelines for judges

The The Delhi High Court has set aside a case transfer order that was sought on grounds of bias, directing that no case should be transferred without first inviting and considering comments from the concerned judge.

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1 min  |
May 30, 2024
Healthray, streamlining hospitals with cutting-edge AI
The Business Guardian

Healthray, streamlining hospitals with cutting-edge AI

Healthray, a prominent Lhealthcare IT solutions company, has announced a significant advancement in its technological services, gaining considerable market popularity within just two years of operation.

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1 min  |
May 30, 2024
The Business Guardian

ROBUST GROWTH, GOVT CAPEX POSITIVE, POLL OUTCOME NOT TO DETER REFORMS

Standard & Poor's Global Ratings upgraded India's outlook to positive, citing policy stability, economic reforms, and high infrastructure investment

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3 mins  |
May 30, 2024
First Indian Diaspora Document Digitization In Oman Concludes
The Business Guardian

First Indian Diaspora Document Digitization In Oman Concludes

In collaboration of India National Archives of India (NAI), the Indian embassy in Muscat has accomplished a ground breaking initiative: the successful archiving of historical documents belonging to the Indian diaspora in Oman.

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3 mins  |
May 29, 2024
Indian Fertilizer Industry To Hit Rs 1.38L Cr By 2032
The Business Guardian

Indian Fertilizer Industry To Hit Rs 1.38L Cr By 2032

The Indian fertilizer industry is on a robust growth trajectory, expected to reach a market size of Rs 1.38 lakh crore by 2032

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1 min  |
May 29, 2024
PM Modi Questions JMM's Protection Of Infiltrators In Jharkhand
The Business Guardian

PM Modi Questions JMM's Protection Of Infiltrators In Jharkhand

PM Modicriticized Congress for prioritizing vote bank politics over Dalit and Adivasi welfare, highlighting BJP’s commitment to marginalized communities

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2 mins  |
May 29, 2024
Rahul Gandhi Mocks PM Modis Sent By God' Remark
The Business Guardian

Rahul Gandhi Mocks PM Modis Sent By God' Remark

Congress leader Rahul Gandhi ridiculed Prime Minister Narendra Modi on Tuesday for his "sent by God" statement, suggesting that PM Modi was appointed by his "parmatma (God)" to assist industrialists like Gautam Adani and Mukesh Ambani rather than the poor. This follows PM Modi's recent interview where he claimed he had been "sent by parmatma" (God).

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2 mins  |
May 29, 2024
Sindh Minister Urges Probe Into Electricity Supply Companies' Accounts
The Business Guardian

Sindh Minister Urges Probe Into Electricity Supply Companies' Accounts

Sharjeel Inam Memon, the senior minister for information, transportation, excise, taxes, and drug control in Sindh, called on Monday for an audit of energy supply companies' finances to ascertain their profits. In a media interview, the minister accused SEPCO, HESCO, and K-Electric of constitutional violations.

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1 min  |
May 29, 2024
SBI Research: Global economic recovery to propel India’s FY24 GDP growth to 8%
The Business Guardian

SBI Research: Global economic recovery to propel India’s FY24 GDP growth to 8%

The State Bank of India's Economic Research Department has published a comprehensive report forecasting robust economic growth for India, fueled by a global economic recovery. The report suggests India's GDP could reach 8% in FY24, buoyed by positive economic indicators and favorable monsoon forecasts.

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1 min  |
May 29, 2024
Workshop for 220+ Sanchar Mitras from 20+ States and UTs
The Business Guardian

Workshop for 220+ Sanchar Mitras from 20+ States and UTs

The Department of Telecommunications in collaboration with National Telecommunications Institute, Ghaziabad (NTIPRIT) on Tuesday conducted an awareness workshop for Sanchar Mitras, with the programme seeking to establish a bridge between the DoT and citizens, fostering a collaborative approach towards telecom issues.

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1 min  |
May 29, 2024