Nvidia’s ho-hum quarter and outlook slightly disappoint, but demand for Hopper and Blackwell chips remains strong. CEO Jensen Huang emphasizes robust growth in AI native companies. Nvidia doesn’t include China H20 chip sales in outlook, highlighting importance of US-China relations in tech industry. HP Inc. beats sales estimates despite tariff pressures, focuses on cost-cutting measures and diversifying production out of China. CEO Enrique Lores optimistic about demand for pricier AI PCs and potential undervaluation of the company. 1. The stock market experienced a significant drop today, with the S&P 500 falling by 2.5% and the Dow Jones Industrial Average dropping by 600 points. Investors are concerned about rising inflation and the impact of the ongoing trade war with China.
2. A new study reveals that 70% of Americans are not saving enough for retirement, with the average retirement savings at only $100,000. Experts warn that this lack of savings could lead to financial insecurity in the future.
3. The United Nations reported that global carbon dioxide emissions reached a record high in 2018, with an increase of 2.7% compared to the previous year. This alarming trend highlights the urgent need for countries to take action to reduce greenhouse gas emissions and combat climate change.
4. The latest data from the Labor Department shows that unemployment rates have dropped to 3.8%, the lowest level in 50 years. This positive trend is attributed to strong job growth in sectors such as healthcare, professional services, and construction.
5. A new study published in a leading medical journal reveals that the use of e-cigarettes is linked to an increased risk of heart attacks. Researchers found that individuals who use e-cigarettes are 34% more likely to have a heart attack compared to non-users.
Read more at Yahoo Finance: Why Nvidia’s bull market rages on: Opening Bid top takeaway
