NVIDIA lost over $278 billion in its market cap from the latest sell-off on Wall Street as the company gets hit with concerns from the US Department of Justice and more. Nervous about Nvidia stock? Moor Insights & Strategy Founder, CEO & Chief Analyst Patrick Moorhead details which stocks may be great alternatives. More: https://lnkd.in/erxSxP2c #yahoofinance #finance #tech #stocks #markets #investing #money
Yahoo Finance
Online Audio and Video Media
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Yahoo Finance provides free stock quotes, up-to-date news, portfolio management resources, international market data, social interaction and mortgage rates that help you manage your financial life. Sign up for our daily morning newsletter, the Morning Brief through our profile URL. Sign up for Yahoo Finance's Morning Brief Newsletter. Need-to-know market analysis and finance news delivered right to your inbox: https://bit.ly/3Fq3C7C
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https://yhoo.it/3aBnLwr
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- Online Audio and Video Media
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Updates
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FedEx said the investment would help streamline its supply chain capabilities across North America. https://yhoo.it/3XhReQr
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Several Big Tech players are the biggest contributors to NVIDIA's revenue as many of them are expanding their capital expenditures to invest more heavily into AI. Yahoo Finance's Madison Mills breaks down how much Microsoft, Meta Platforms, Tesla, Alphabet Inc., and Amazon are spending their respective capex on Nvidia's AI technology. More: https://lnkd.in/eyJWEdja #yahoofinance #finance #tech #AI #innovation #markets #money #investing
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Berkshire Hathaway disclosed late on Thursday it sold 18.7 million shares of the second-largest U.S. bank between Sept. 3 and Sept. 5 to rake in roughly $760 million. https://yhoo.it/3XAjfo1
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So-called hard data on manufacturing production and business spending on equipment suggest the sector has been largely treading water, as demand for goods has not collapsed despite hefty Federal Reserve interest rate increases. https://yhoo.it/3Tfuxv0
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The US economy added fewer jobs than expected in August while the unemployment ticked lower. Data from the Bureau of Labor Statistics released Friday showed the labor market added 142,000 nonfarm payroll jobs in August, fewer additions than the 165,000 expected by economists. Meanwhile, the unemployment rate fell to 4.2%, from 4.3% in July. August job additions came in higher than the 114,000 jobs added in June. https://yhoo.it/3AQy9NL
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Firms announced 75,891 layoffs last month, roughly triple the number in July and the largest month-to-month increase in a year. https://yhoo.it/3My4JGR
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What are consumers getting wrong about AI? Salesforce CEO Marc Benioff joined Yahoo Finance's Brian Sozzi to break down what the 'future of automation' means to him. More: https://lnkd.in/esxeiC8X #yahoofinance #finance #tech #AI #automation #innovation #business
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Verizon has offered $38.50 per share, a premium of 37.3% to Frontier's closing price on Sept. 3, a day before reports of a potential acquisition emerged. As of June 30, Frontier had a total debt of $11.25 billion. https://yhoo.it/4ggcpLq