SpaceX has filed for its initial public offering. The company aims for a trillion-dollar market debut. This listing could set a precedent for future IPOs from major tech firms. SpaceX's valuation could reach $1.75 trillion.
Chip giant Nvidia on Wednesday posted record quarterly revenue of $81.6 billion, blowing past Wall Street forecasts as insatiable demand for its artificial intelligence hardware powered another blockbuster quarter. The results for the first quarter of fiscal 2027, ending April 26, marked an 85 percent jump from the same period a year ago and a 20 percent rise from the prior quarter, underscoring Nvidia's status as the primary beneficiary of a global AI infrastructure buildout. arp/sms
Chip giant Nvidia on Wednesday posted record quarterly revenue of $81.6 billion, blowing past Wall Street forecasts as insatiable demand for its artificial intelligence hardware powered another blockbuster quarter.
Wall Street indexes jumped over 1% led by tech and semiconductor rally ahead of Nvidia earnings. Target fell on weak outlook. Airlines gained as oil dropped. Fed minutes signaled possible rate hike debate. Nasdaq S&P Dow Jones rose strongly as AI optimism offset inflation and geopolitical concerns sentiment rises
Apollo Hospitals announced robust financial results for the fourth quarter and the full fiscal year 2026. Consolidated revenue and net profit saw significant year-on-year increases. Growth was fueled by its healthcare services, diagnostics, and retail health segments. The company is expanding its bed capacity and focusing on underserved markets.
The Indian rupee has crossed the Rs 100 per US dollar mark in its one-year forward rate. This comes as the spot market saw the rupee hit another historic low. Unabated dollar outflows and elevated crude prices are fueling the currency's weakness. Market watchers believe the pace of depreciation could slow if geopolitical tensions ease.
Federal Reserve minutes show growing concern that inflation driven by the Iran war could persist above the 2% target, prompting discussions around possible future rate hikes. Several policymakers signalled tightening may be needed, marking a more hawkish shift. Bond yields rose as markets priced in reduced chances of rate cuts.
OpenAI is reportedly preparing to file for an IPO in the coming days or weeks, according to a Wall Street Journal report citing sources. The ChatGPT maker is working with Goldman Sachs and Morgan Stanley on a confidential draft prospectus. The company has not officially confirmed the development.
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