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Wall Street Wrap-Up: AI Disrupts Markets, Rivian Surges, and a Potential Government Shutdown Looms
Stock Market News· 2026-02-13 00:08
Key TakeawaysAI "Scare Trade" Hits Logistics: A former karaoke company, AlgoRhythm Holdings Inc., sparked a sell-off in the trucking sector after announcing AI-driven efficiency gains, causing the Russell 3000 Trucking Index to drop 6.6%.Rivian's Strong Outlook: Rivian Automotive Inc. (RIVN) shares jumped after reporting a smaller-than-expected Q4 loss and forecasting strong vehicle deliveries for 2026.Nvidia's Nevada Expansion: NVIDIA Corp. (NVDA) will lease a 200-megawatt data center in Nevada, financed i ...
Singapore probes final destination of possible Nvidia chip servers
TechXplore· 2025-03-03 13:30
This article has been reviewed according to Science X's editorial process and policies . Editors have highlighted the following attributes while ensuring the content's credibility: Singapore media have linked a local fraud case to the alleged movement of Nvidia chips to be used by Chinese AI firm DeepSeek. Servers that may contain AI-powering Nvidia chips shipped from the United States to Singapore ended up in Malaysia, but their actual final destination remains a mystery, the city-state's interior ministe ...
AI chip giant Nvidia reports blockbuster revenue
TechXplore· 2025-02-27 09:15
This article has been reviewed according to Science X's editorial process and policies . Editors have highlighted the following attributes while ensuring the content's credibility: Nvidia chief Jensen Huang says the Silicon Valley chip titan has successfully ramped up production of its new Blackwell processor that power artificial intelligence in data centers. Nvidia on Wednesday said it finished its fiscal year with record high revenue of $130.5 billion, driven by demand for its chips to power artificial ...